POWERGRID : ACQUIRES LAKADIA C POWER TRANSMISSION FOR RS 19.94 CR

• Acquired 100% of Lakadia C Power Transmission Limited, the project SPV, after selection as successful bidder under tariff based competitive bidding • Cost of acquisition about ₹19.94 Cr, including 10,000 equity shares at par at ₹10 each, plus assets and liabilities as on 12.10.2026; cash consideration • Acquisition price subject to adjustment as per audited accounts of the company as on the acquisition date • Project to establish inter-state transmission system for Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-C on BOOT basis, acquired from PFCCL • Scope includes new 765/400/220 kV Alephata Sub-station in Maharashtra and construction of 765 kV and 400 kV transmission lines in the state • SPV incorporated 29.04.2026 by the Bid Process Coordinator; yet to start commercial operations with no turnover in last 3 years; operates in India • Transmission licence and adoption of transmission charges approvals to be obtained from CERC post acquisition

Power Grid Corporation of India Ltd

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