Power Grid Corporation of India Ltd enters into JV and SHA with Nepal Electricity Authority

Power Grid Corporation of India Ltd (POWERGRID) ("Company") has on 29th October, 2025 entered into a Joint Venture and Shareholders' Agreements (JV&SHA) with Nepal Electricity Authority (NEA), for which duly stamped and signed copy of the agreements have been received by the Company from NEA vide email on 21st November, 2025. These agreements are for the incorporation of two Joint Venture Companies (JVC), one in India and one in Nepal, for the development of high-capacity cross-border power transmission infrastructure.

The proposed Cross-Border Transmission System Projects include the development of the Inaruwa (Nepal) - New Purnea (India) 400 kV Double Circuit (Quad Moose) Transmission Link and Lamki (Dododhara) (Nepal) - Bareilly (India) 400 kV Double Circuit (Quad Moose) Transmission Link.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 277.65 as compared to the previous close of Rs. 277.30. The total number of shares traded during the day was 587003 in over 4027 trades.

The stock hit an intraday high of Rs. 278.90 and intraday low of 275.30. The net turnover during the day was Rs. 163033417.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 JointVenture SHA NepalElectricityAuthority