IndiGrid Expands Footprint with Strategic NERES XVI Acquisition
IndiGrid is set to acquire NERES XVI Power Transmission Ltd for up to Rs 460 crore from Techno Electric & Engineering Company. This northeastern India project includes substations and 45 km of transmission lines. IndiGrid, with 43 power projects, aims for December 2026 commissioning.
- Country:
- India
IndiGrid announced plans to acquire NERES XVI Power Transmission Ltd from Techno Electric & Engineering Company for up to Rs 460 crore, following project commissioning.
The project, strategically located in northeastern India, will be integrated into IndiGrid's portfolio, which already includes substantial power transmission assets.
This acquisition aligns with IndiGrid's strategy for growth, as emphasized by Managing Director Harsh Shah, and further strengthens ties with Techno Electric & Engineering Company.
(With inputs from agencies.)
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- IndiGrid
- NERES XVI
- Transmission
- Power
- Sector
- Techno Electric
- Acquisition
- India
- Project
- Investment
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