India Grid Trust to acquire Rajgarh Transmission upon its commercial operation date

India Grid Trust has signed a framework agreement with GR Infraprojects to acquire Rajgarh Transmission on its Commercial Operation Date (COD).

Completion of the acquisition is subject to the receipt of relevant approvals and the fulfillment of contractual obligations. Additionally, a Memorandum of Understanding (MOU) has been signed for joint bidding for TBCB (Tariff Based Competitive Bidding) transmission projects worth around Rs 5,000 crore.

India Grid Trust has also received additional incremental scope from a handful of existing subsidiaries totaling approximately Rs 230 crore under the Regulated Tariff Mechanism (RTM).

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(This story was not edited by Business Standard staff and was automatically generated from a syndicated feed.)

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