# 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.

- Type: Acquisition
- Announced: 2022-10-11
- Where: India (Bihar, Assam, Arunachal Pradesh), India
- Value: $850K (70.4M INR)
- Status: completed
- Products: interstate transmission systems, power transmission
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Power Grid Corporation of India](https://endata.com/companies/4691.md) (acquirer)
- [ER NER Transmission](https://endata.com/companies/66311.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/power-grid-acquires-etl-under-tbcb-route-11665483852779.html), 2022-10-11: "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."

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