Power Grid acquires Mandsaur I RE Transmission Ltd from PFCCL
The acquisition has been made from the Bid Process Coordinator, PFC Consulting Limited (PFCCL).
State-run Power Grid Corporation of India Limited, after getting selected as the successful bidder under tariff-based competitive bidding, has on 08.10.2025 acquired Mandsaur I RE Transmission Limited, the Project SPV to establish “Augmentation of transformation capacity and Implementation of line bays at Mandsaur S/s for RE Interconnection,” on a build, own, operate, and transfer (BOOT) basis.
The acquisition has been made from the Bid Process Coordinator, PFC Consulting Limited (PFCCL).
The project comprises augmentation works at the under-construction substation (Mandsaur PS) in the state of Madhya Pradesh. MIRETL has been acquired for an aggregate value of about Rs. 7.30 Crore, including 10,000 equity shares at par at Rs. 10/- each, along with the assets and liabilities of MIRETL as of the acquisition date (08.10.2025).
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