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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.
Power Grid Corporation of India Ltd (PGCIL) signed an agreement to acquire a 74% stake in Jaypee Powergrid Ltd from Jaiprakash Power Ventures Ltd for Rs351.64 crore, making it a wholly-owned subsidiary.