Power Grid Corporation Expands Renewable Infrastructure with Tumkur II Acquisition
Strategic Expansion in Renewable Energy Power Grid Corporation of India Ltd (PGCIL) finalized the acquisition of Tumkur II RE Transmission Limited on May 29, securing the project for a total enterprise value of ₹15.5 crore. The transaction, conducted through a tariff-based competitive bidding (TBCB) process, marks a significant step in the company’s efforts to integrate…