{"id":405896,"date":"2021-03-20T08:36:24","date_gmt":"2021-03-20T03:06:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405896"},"modified":"2021-03-20T09:04:29","modified_gmt":"2021-03-20T03:34:29","slug":"pgcil-to-acquire-74-stake-of-jpvl-in-jaypee-powergrid-for-rs-351-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pgcil-to-acquire-74-stake-of-jpvl-in-jaypee-powergrid-for-rs-351-cr\/","title":{"rendered":"PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr"},"content":{"rendered":"<p>State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore.<\/p>\n<p>On completion of the transaction, JPL will become a wholly-owned subsidiary of PGCIL, a regulatory filing said. <\/p>\n<p>PGCIL will purchase 74 per cent stake of Jaiprakash Power Ventures in JPL at an aggregate consideration of Rs 351,64,80,000, the filing stated.<\/p>\n<p>JPL-JV has developed a 214 km long EHV power transmission project to evacuate power from Karcham-Wangtoo project in HimachalPradesh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore. On completion of the transaction, JPL will become a wholly-owned subsidiary of PGCIL, a regulatory filing said. PGCIL will purchase 74 per cent stake of Jaiprakash Power Ventures in JPL at an aggregate consideration of Rs 351,64,80,000, the filing stated. JPL-JV has developed a 214 km long EHV power transmission project to evacuate power from Karcham-Wangtoo project in HimachalPradesh.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-405896","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405896"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405896\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}