{"id":405965,"date":"2021-03-20T09:37:16","date_gmt":"2021-03-20T04:07:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405965"},"modified":"2021-03-20T11:29:55","modified_gmt":"2021-03-20T05:59:55","slug":"pgcil-to-acquire-74-stake-of-jpvl-in-jppgl-for-rs-351-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pgcil-to-acquire-74-stake-of-jpvl-in-jppgl-for-rs-351-cr\/","title":{"rendered":"PGCIL to acquire 74% stake of JPVL in JPPGL for Rs 351 cr"},"content":{"rendered":"<p>NEW DELHI: State-run Power Grid Corporation NSE 4.14 % (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures NSE 0.00 % to acquire 74 per cent stake in Jaypee Powergrid Ltd (JPPGL) 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 Himachal Pradesh.<\/p>\n<p>The power transmitted is meant for distribution and consumption in states of Himachal Pradesh, Haryana, Punjab, Uttar Pradesh and Rajasthan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run Power Grid Corporation NSE 4.14 % (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures NSE 0.00 % to acquire 74 per cent stake in Jaypee Powergrid Ltd (JPPGL) 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 Himachal Pradesh. [&hellip;]<\/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":[130,239,136],"tags":[],"class_list":["post-405965","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405965","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=405965"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405965\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}