Power Grid Corporation acquires ETL for ₹7.04 crore

Power Grid Corporation of India has acquired ER NER Transmission (ETL), a project SPV, for about ₹7.04 crore under the tariff-based competitive bidding route. ETL will build interstate transmission systems for eastern and northeastern regions.

“ETL was acquired for an aggregate value of about ₹ 7.04 crore including 50,000 equity shares at par at ₹ 10 each along with assets and liabilities of the company.”livemint.com

• 1 source
• livemint.comPower Grid acquires ETL under TBCB routeSaurav AnandOct 11, 2022

Summarized from public sources; check the original articles before acting on it.