# 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.

- Type: Acquisition
- Announced: 2025-08-21
- Where: Northeast India, India
- Value: $55.0M (4.60B INR)
- Status: announced
- Capacity: 1,400 MVA substation, 45 km transmission line
- Products: electricity transmission
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [IndiGrid](https://endata.com/companies/27309.md) (acquirer)
- [Techno Electric & Engineering Company](https://endata.com/companies/30178.md) (target)
- [NERES XVI Power Transmission Ltd](https://endata.com/companies/86765.md) (target)

## Sources

- [outlookbusiness.com](https://www.outlookbusiness.com/news/indigrid-to-acquire-transmission-project-for-enterprise-value-up-to-460-cr-from-teecl), 2025-08-21: "This acquisition furthers our strategy of disciplined growth through high-quality projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.