Power Grid Corporation of India Limited (POWERGRID) acquired MEL Power Transmission Limited on 04.06.2025 through Tariff Based Competitive Bidding (TBCB).
MEL Power Transmission Limited will establish a "Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh" on a build, own, operate, and transfer (BOOT) basis.
The project includes a 400kV D/C Transmission Line and associated bays at the existing Rewa PS (PG) sub-station in Madhya Pradesh.
The acquisition cost is approximately ₹8.53 Crore, including 10,000 equity shares at par at ₹10 each, along with assets and liabilities of MPTL as of the acquisition date, subject to adjustments based on audited accounts.
POWERGRID now holds 100% shareholding in MPTL.
MPTL was incorporated on 19.11.2024 and is yet to start commercial operations; therefore, no turnover has been recorded in the last 3 years.
Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by MPTL after the acquisition by POWERGRID.