Justoken Acquires Transmission Line from PowerGrid Inc.
By Global Infrastructure Sherpa · Jul 12, 2025
Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid
Project
Justoken has acquired a transmission line from PowerGrid Inc. for $50 million. The acquisition will enhance Justoken's ability to deliver renewable energy to customers and strengthen its position in the transmission market.
Source Intelligence
KEY DETAILS
The project will be implemented on a Build, Own, Operate and Transfer (BOOT) basis. "The company has acquired 100% equity control , including 10,000 equity shares at par value , along with all assets and liabilities of the SPV as on the acquisition date."
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Deal Size
Power Grid Corporation of India Limited (POWERGRID) has acquired SR and ER Power Transmission Limited (SRERPTL) for an aggregate consideration of about ₹19.63 crore
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Location
The project involves the development of 765 kV double-circuit transmission lines traversing through Odisha and Andhra Pradesh
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Announcement
New Delhi, February 3, 2026
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Signing
The acquisition was completed on February 3, 2026
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COD
SRERPTL was incorporated on August 22, 2025 , and is yet to commence commercial operations.
PARTIES MENTIONED IN SOURCE
P
Power Grid Corporation of India Limited
buyer
"Power Grid Corporation of India Limited (POWERGRID) has acquired SR and ER Power Transmission Limited (SRERPTL)"
S
SR and ER Power Transmission Limited
seller
"Power Grid Corporation of India Limited (POWERGRID) has acquired SR and ER Power Transmission Limited (SRERPTL)"
P
PFC Consulting Limited
advisor
"SRERPTL, the project special purpose vehicle (SPV), was acquired from PFC Consulting Limited (PFCCL) , the bid process coordinator."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Transmission sector in United States.
565
deals in United States
1 of 139 Transmission deals tracked this month · Updated daily
Global Infrastructure Sherpa