Power Grid Acquires Jam Khambhaliya REZ Transmission For ₹19.22 Crore

Mumbai: Power Grid Corporation of India Limited announced on Monday the acquisition of Jam Khambhaliya REZ Transmission Limited for ₹19.22 crore. The deal was finalized on October 12, 2026, after Power Grid was chosen as the winning bidder through a tariff-based competitive bidding process. The targeted project involves constructing an Inter-State Transmission system to link power from RE projects in Jam Khambhaliya REZ, Gujarat – Phase II (5500MW) and Jamnagar Phase-I (1000 MW).

The acquisition encompasses the establishment of a new GIS substation in Kalyanpur, Gujarat, alongside ICT enhancements and bay extensions at under-construction substations in the state. Additionally, it includes the construction of 765 kV transmission lines across Gujarat. The total cost of the acquisition is ₹19.22 crore, which includes 10,000 equity shares at par, along with the assets and liabilities of Jam Khambhaliya REZ Transmission Limited as of the acquisition date.

Power Grid Corporation now holds 100% shareholding and control of the acquired company. The entity, incorporated on April 29, 2026, has yet to begin commercial operations and has not reported any revenue in its last three years. Jam Khambhaliya REZ Transmission Limited specializes in the power transmission business, which aligns with Power Grid's core operations.

Required approvals have been secured for the transfer of Jam Khambhaliya REZ Transmission Limited. Following the acquisition, the necessary Transmission License and Adoption of Transmission Charges must be obtained from the Central Electricity Regulatory Commission. This story is compiled from company exchange filings and is intended for informational purposes only. Investors are advised to assess the risks before making any decisions.