Power Grid Shares Fall After Acquiring Ramgarh New Transmission Limited

Share price of Power Grid Corporation of India Limited fell on Wednesday, March 10, after the company announced that it acquired Ramgarh New Transmission Limited (RNTL), the project SPV or special purpose vehicle to establish a transmission system strengthening scheme for the evacuation of power from solar energy zones in Rajasthan. According to a regulatory filing by the company to BSE, the transmission system comprises a new 400/22...