# IndiGrid completes acquisition of GPTL Transmission from Sterlite Power for Rs 1,080 crore

India Grid Trust (IndiGrid) has completed the acquisition of Gurgaon Palwal Transmission Ltd (GPTL) from Sterlite Power at an enterprise value of Rs 1,080 crore. The asset includes three gas-insulated substations and 270 circuit km of transmission lines.

- Type: Acquisition
- Announced: 2020-09-01
- Where: Uttar Pradesh, Haryana, Rajasthan, India, India
- Value: $147.0M (10.8B INR)
- Status: completed
- Capacity: 3,000 MVA transformation capacity, 270 circuit km
- Products: power transmission lines, substations
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Sterlite Power](https://endata.com/companies/31842.md) (target)
- [India Grid Trust](https://endata.com/companies/46102.md) (acquirer)

## Sources

- [indianeconomicobserver.com](https://www.indianeconomicobserver.com/news/indigrid-completes-rs-1080-cr-acquisition-of-gptl-transmission-project20200901134253/), 2020-09-01: "This acquisition is a testament to our consistent track record of aggregating good quality projects with the vision of enhancing investor returns while maintaining a strong balance sheet."

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