# Power Grid Corporation of India acquires Sikar-II Aligarh Transmission Ltd

Power Grid Corporation of India Ltd (PGCIL) acquired Sikar-II Aligarh Transmission Ltd (SATL), a special purpose vehicle for a transmission project to evacuate power from 8,100 MW solar energy zones in Rajasthan. The acquisition was for INR 21.56 crore.

- Type: Acquisition
- Announced: 2021-06-08
- Where: Rajasthan and Uttar Pradesh, India
- Value: $2.90M (215.6M INR)
- Status: completed
- Products: transmission lines, substations
- 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)
- [Sikar-II Aligarh Transmission Ltd](https://endata.com/companies/55693.md) (target)

## Sources

- [navbharattimes.indiatimes.com](https://navbharattimes.indiatimes.com/business/business-news/power-grid-acquires-sikar-ii-aligarh-transmission-ltd-/articleshow/83340408.cms), 2021-06-08: "PGCIL has acquired SATL on June 8, 2021 after being selected as the successful bidder 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.