# Power Grid Corporation acquires Ramgarh New Transmission Ltd

Power Grid Corporation of India Ltd has acquired Ramgarh New Transmission Ltd for about Rs 5.61 crore, a project SPV to establish a transmission system for solar energy evacuation in Rajasthan.

- Type: Acquisition
- Announced: 2021-03-09
- Where: Rajasthan, India
- Value: $760K (56.1M INR)
- Status: completed
- Products: transmission system for solar power evacuation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Power Grid Corporation of India](https://endata.com/companies/4691.md) (acquirer)
- [Ramgarh New Transmission Ltd](https://endata.com/companies/53750.md) (target)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/power/power-grid-corporation-acquires-ramgarh-new-transmission-ltd/81422636), 2021-03-10: "Power Grid Corporation on Tuesday said it has acquired Ramgarh New Transmission Limited (RNTL), which it has won in a tariff-based competitive bidding."

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