PGCIL to acquire 74% stake in Jaypee Powergrid for Rs 351.64 crore

Power Grid Corporation of India Limited signed an agreement with Jaiprakash Power Ventures Limited to acquire a 74% stake in Jaypee Powergrid Limited for Rs 351.64 crore. Jaypee Powergrid operates a 214 km EHV power transmission project in Himachal Pradesh.

“The Power Grid Corporation of India Limited (PGCIL) has recently signed an agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited for Rs 351.64 crore.”projectxindia.com

• 1 source
• projectxindia.comPGCIL signs up with JPVL to acquire 74 per cent stake in Jaypee Powergrid – ProjectX IndiaMay 9, 2021

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