5328982026-06-305328982026-06-302026-06-30iso4217:INRxbrli:pure532898Power Grid Corporation of India LimitedPOWERGRIDNOTLISTEDINE752E01010NewAcquisition (including agreement to acquire)false2026-06-2916:00:002026-06-30Power Grid Corporation of India LimitedListed Entity (self)Kakinada I Transmission Limited00100000falsefalsefalsefalsePower TransmissionKITL has been acquired by POWERGRID pursuant to POWERGRID emerging as the successful bidder under Tariff Based Competitive Bidding. KITL is engaged in the business as that of POWERGRID i.e. transmission of power.YesKITL was incorporated on 20.02.2025 by the Bid Process Coordinator as per the “Guidelines Encouraging Competition in Development of Transmission Projects” and “Tariff based Competitive-bidding Guidelines for Transmission Service” notified by Ministry of Power (MoP). Requisite approvals were obtained by the Bid Process Coordinator for transfer of KITL. Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by KITL after the acquisition by POWERGRID.falseThe entity was acquired as per the timelines furnished by Bid Process Coordinator.Cash205000000KITL was acquired for an aggregate value of about Rs. 20.50/- Crore including 10,000 equity shares at par at Rs. 10/- each along with assets and liabilities of KITL as on the acquisition date (29.06.2026). However, the acquisition price is subject to adjustment as per the audited accounts of the Company as on the acquisition date.20500000001KITL shall be engaged in the business of transmission of power. KITL was incorporated on 20.02.2025 by Bid Process Coordinator. KITL is yet to start commercial operation, as such no turnover has been recorded during last 3 years. KITL will be operating in India.2025-02-20India