Power Grid Expands Network with Lakadia C Acquisition

Power Grid Corporation of India has acquired 100% of the equity shares of Lakadia C Power Transmission Limited for approximately Rs 19.94 crore. The acquisition was executed through the Tariff Based Competitive Bidding (TBCB) route via the Bid Process Coordinator, PFC Consulting Limited.

Reader Takeaway: Power Grid expands its transmission capacity to support 14GW of renewable evacuation, strengthening its core infrastructure portfolio.

What just happened

Power Grid has officially taken control of the project-specific Special Purpose Vehicle (SPV), Lakadia C Power Transmission Limited. The transaction involves 10,000 equity shares at par value, plus the assumption of all existing assets and liabilities of the SPV. This valuation remains subject to standard adjustments based on the target entity’s final audited accounts.

Why this matters

The project is critical for the evacuation of power from key generation zones, specifically targeting a combined 14GW capacity across Lakadia (7.5GW), Jam Khambhaliya (5.5GW), and Jamnagar (1GW). It involves the construction of a new 765/400/220 kV Alephata Sub-station in Maharashtra and associated high-voltage transmission lines, marking a significant addition to the state's power infrastructure.

Regulatory and Compliance

As the SPV was incorporated recently on 29.04.2026, it has no prior turnover history. The project now moves to the next phase of its lifecycle, where Power Grid must secure a formal Transmission License and obtain CERC approval for the adoption of transmission charges.

What to track next

Investors should look for updates regarding the commissioning timelines of the Alephata Sub-station and final CERC regulatory clearances, which are essential for the project to begin contributing to the company's revenue stream.