Power Grid acquires Barmer HVDC Power Transmission under TBCB route
Power Grid pursued an acquisition in an energy transition development with 23 September in focus.
· Business Standard Mkts
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 23 September 2026 acquired Barmer HVDC Power Transmission, the Project SPV to establish Inter-State Transmission system for the project namely Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration), on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development and Consultancy (RECPDCL).
Key facts
- Dates in focus
- 23 September
The analysis
Against that, the stock is -2.9% on the day at ₹245.70, and has returned -11.9% over three months. It sits 23% below its 52-week high. The power sector has moved -13.4% over the same period, so Power Grid is running 1.5 points ahead of its peers.
For Power Grid, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The company directly in focus is POWERGRID.
- Sector exposure: Power.
In this story
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