Power Grid Corporation of India Limited (POWERGRID) has officially acquired Tumkur II RE Transmission Limited (TRETL) on May 29, 2026. The acquisition was executed under the Tariff Based Competitive Bidding (TBCB) route, granting POWERGRID full ownership of the project special purpose vehicle to establish a transmission system strengthening project in Karnataka for integrating 2.7 GW of renewable energy potential.

The acquisition involves the transfer of TRETL from the Bid Process Coordinator, PFC Consulting Limited, for an aggregate value of approximately Rs. 15.46 Crore. This consideration includes 10,000 equity shares at par value, along with the existing assets and liabilities of the entity. The project will operate on a Build, Own, Operate, and Transfer (BOOT) basis, featuring a 400 kV D/c transmission line and necessary augmentation works at the Tumkur-II Pooling Station. As per the regulatory requirements, the entity was incorporated on September 24, 2025, and is currently in the pre-operational phase, having recorded no turnover to date.

Power Grid Corporation of India Limited is a central public sector undertaking under the Ministry of Power, primarily engaged in the transmission of bulk power across India. The company plays a critical role in the national power grid, facilitating the evacuation of electricity from generating stations to load centers. Throughout 2025, the company maintained a consistent focus on expanding its infrastructure to support India’s growing renewable energy targets. Recent strategic efforts have been heavily concentrated on winning TBCB projects to strengthen the interstate transmission system and integrate large-scale green energy capacity into the national grid.

As a consistent performer in the infrastructure sector, POWERGRID continues to utilize its robust financial health to secure new projects. While this specific notice pertains to project acquisition rather than quarterly financial disclosures, the company has historically demonstrated steady revenue growth driven by the commissioning of new transmission assets and the successful implementation of large-scale electrification projects across various states in India.