PowerGrid has acquired MEL Power Transmission Limited for ₹8.53 Crore to enhance its operational capabilities and expand its service offerings in the power sector.
Target Information
PowerGrid, a state-owned enterprise in India, has successfully acquired MEL Power Transmission Limited (MPTL) in a move valued at ₹8.53 Crore. This acquisition demonstrates PowerGrid's commitment to expanding its operational footprint in the power transmission sector and enhancing its existing portfolio.
The acquisition involves the purchase of 10,000 equity shares of MPTL. Through this strategic acquisition, PowerGrid aims to strengthen its infrastructure and improve the efficiency of power transmission in the region, ultimately contributing to better service delivery to its consumers.
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Industry Overview
The power transmission industry in India is undergoing significant transformation, with increasing demand for electricity and the government's commitment to enhancing power infrastructure across the country. The ris
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PowerGrid
invested in
MEL Power Transmission Limited
in
in a Other Private Equity deal
Disclosed details
Transaction Size: $1M