IndiGrid to acquire NERES XVI Power Transmission from TEECL for ₹460 crore

IndiGrid will acquire NERES XVI Power Transmission Ltd from Techno Electric & Engineering Company (TEECL) at an enterprise value of up to ₹460 crore. The project includes a 400/220/132 kV substation with 1,400 MVA capacity and 45 km of transmission line in Northeast India, with targeted commissioning by December 2026.

“This acquisition furthers our strategy of disciplined growth through high-quality projects.”outlookbusiness.com

• 1 source
• outlookbusiness.comIndiGrid to Acquire Transmission Project for Enterprise Value up to ₹460 Cr From TEECL – Outlook BusinessPTIAug 21, 2025

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