+
Power Grid Corp acquires Mohanlalganj Transmission Ltd for Rs 9 cr
POWER & RENEWABLE ENERGY

Power Grid Corp acquires Mohanlalganj Transmission Ltd for Rs 9 cr

State-owned Power Grid Corporation of India Limited (PGCIL) on Tuesday told the media that it has acquired Mohanlalganj Transmission Limited (MTL) for over Rs 9 crore in Uttar Pradesh.

Established in June 2021, Mohanlalganj Transmission Limited (MTL) is the project Special purpose vehicle (SPV) to set up an intra-state transmission system, PGCIL said in a Bombay Stock Exchange (BSE) filing.

It is said that PGCIL, according to its selection as the successful bidder under tariff-based competitive bidding, has on May 30, 20.

The Mohanlalganj Transmission Limited has acquired an aggregate value of around Rs 9.11 crore, including 10,000 equity shares along with assets and liabilities of the firm as of the acquisition date.

MTL is employed in the business of power transmission.

Power Grid Corporation of India Limited is headquartered in Gurugram and is an Indian statutory corporation under the Ministry of Power, Government of India (GoI) jurisdiction. It is engaged primarily in the transmission of bulk power across various states of India. Power Grid transmits approximately 50% of the total power produced in India on its transmission network system.

Image Source

Also read: Power Grid Corp approves investment of Rs 821.29 cr in 5 projects

State-owned Power Grid Corporation of India Limited (PGCIL) on Tuesday told the media that it has acquired Mohanlalganj Transmission Limited (MTL) for over Rs 9 crore in Uttar Pradesh. Established in June 2021, Mohanlalganj Transmission Limited (MTL) is the project Special purpose vehicle (SPV) to set up an intra-state transmission system, PGCIL said in a Bombay Stock Exchange (BSE) filing. It is said that PGCIL, according to its selection as the successful bidder under tariff-based competitive bidding, has on May 30, 20. The Mohanlalganj Transmission Limited has acquired an aggregate value of around Rs 9.11 crore, including 10,000 equity shares along with assets and liabilities of the firm as of the acquisition date. MTL is employed in the business of power transmission. Power Grid Corporation of India Limited is headquartered in Gurugram and is an Indian statutory corporation under the Ministry of Power, Government of India (GoI) jurisdiction. It is engaged primarily in the transmission of bulk power across various states of India. Power Grid transmits approximately 50% of the total power produced in India on its transmission network system. Image Source Also read: Power Grid Corp approves investment of Rs 821.29 cr in 5 projects

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?