Power Grid Corp acquires Mohanlalganj Transmission Ltd for Rs 9 cr

02 Jun 2022 CW Team

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

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..