New Delhi, State-owned Power Grid Corporation on Wednesday said it has acquired two special purpose vehicles (SPVs) from PFC Consulting for implementation of electricity transmission projects. The two special purpose vehicles are Neemrana II Bareilly Transmission and Bikaner III Neemrana Transmission.
The Neemrana II Bareilly Transmission Ltd (NIIBTL) was acquired for an aggregate value of about Rs 18.47 crore including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of the company as on December 27, 2023, according to a regulatory filing.
