Power Grid Acquires SPV for WR-ER Transmission Expansion Project

MT Newswires Live

Jul 01

Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has acquired WR ER Part A Power Transmission Ltd., the special purpose vehicle for the WR-ER Inter-Regional Network Expansion Scheme Part-A, after emerging as the successful bidder under tariff-based competitive bidding.

The company acquired the SPV from REC Power Development and Consultancy Ltd. for about 186.2 million rupees, subject to post-closing adjustments, according to a stock exchange filing on Tuesday.

The project, to be executed on a build, own, operate and transfer basis, includes two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2648559406"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2648559406\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2648559406?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-01 12:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648559406","market":"us","top_or_hot":-1,"title":"Power Grid Acquires SPV for WR-ER Transmission Expansion Project","media":"MT Newswires Live","content":"<html><body><p> Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has acquired WR ER Part A Power Transmission Ltd., the special purpose vehicle for the WR-ER Inter-Regional Network Expansion Scheme Part-A, after emerging as the successful bidder under tariff-based competitive bidding.</p><p>The company acquired the SPV from REC Power Development and Consultancy Ltd. for about 186.2 million rupees, subject to post-closing adjustments, according to a stock exchange filing on Tuesday.</p><p>The project, to be executed on a build, own, operate and transfer basis, includes two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Power Grid Acquires SPV for WR-ER Transmission Expansion Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPower Grid Acquires SPV for WR-ER Transmission Expansion Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-01 12:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has acquired WR ER Part A Power Transmission Ltd., the special purpose vehicle for the WR-ER Inter-Regional Network Expansion Scheme Part-A, after emerging as the successful bidder under tariff-based competitive bidding.</p><p>The company acquired the SPV from REC Power Development and Consultancy Ltd. for about 186.2 million rupees, subject to post-closing adjustments, according to a stock exchange filing on Tuesday.</p><p>The project, to be executed on a build, own, operate and transfer basis, includes two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4234","symbol_name":"特殊用途房地产信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2648559406","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648559406","pubTimestamp":1782881289,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Power Grid Corp. of India  has acquired WR ER Part A Power Transmission Ltd., the special purpose vehicle for the WR-ER Inter-Regional Network Expansion Scheme Part-A, after emerging as the successful bidder under tariff-based competitive bidding.The company acquired the SPV from REC Power Development and Consultancy Ltd. for about 186.2 million rupees, subject to post-closing adjustments, according to a stock exchange filing on Tuesday.The project, to be executed on a build, own, operate and transfer basis, includes two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","WR":"Corgi U.S. War Machine ETF","PW":"Power REIT"},"translate_title":"电网收购WR-ER输电扩建项目SPV","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WR":1.5,"PW":1.5},"content_text":"Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has acquired WR ER Part A Power Transmission Ltd., the special purpose vehicle for the WR-ER Inter-Regional Network Expansion Scheme Part-A, after emerging as the successful bidder under tariff-based competitive bidding.The company acquired the SPV from REC Power Development and Consultancy Ltd. for about 186.2 million rupees, subject to post-closing adjustments, according to a stock exchange filing on Tuesday.The project, to be executed on a build, own, operate and transfer basis, includes two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}