IndiGrid to Acquire Rs 4.6 Billion Transmission Project

22 Aug 2025 CW Team

IndiGrid has announced that it will acquire NERES XVI Power Transmission Ltd, an inter-state transmission project in Northeast India, from Techno Electric & Engineering Company Ltd (TEECL) at an enterprise value of up to Rs 4.6 billion. The acquisition will take place after the project’s commissioning and receipt of all necessary approvals.

The project comprises a 400/220/132 kV substation with 1,400 MVA transformation capacity and a 45 km double-circuit transmission line, strategically located near IndiGrid’s existing assets in the region. The targeted commissioning date is December 2026.

Under the arrangement, TEECL will execute the project as the developer and EPC provider, with IndiGrid offering oversight and support. Following the Commercial Operation Date (COD) and clearances, the project will transfer to IndiGrid at a value not exceeding Rs 4.6 billion.

Harsh Shah, Managing Director of IndiGrid, said:

“This acquisition furthers our strategy of disciplined growth through high-quality projects.”

IndiGrid has previously acquired two operational transmission assets from TEECL, while TEECL has invested in two of IndiGrid’s under-construction projects, continuing to provide end-to-end EPC solutions.

Padam Prakash Gupta, Managing Director of TEECL, added:

“We are delighted to strengthen our collaboration with IndiGrid through this strategically important transmission project in the Northeast.”

IndiGrid, India’s first Infrastructure Investment Trust (InvIT) in the power sector, currently owns 43 power projects. Its portfolio includes 53 transmission lines spanning over 9,336 circuit km, 16 substations with 25,050 MVA capacity, 1.15 GWAC of solar generation, and 450 MW / 900 MWh of battery energy storage systems.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..