Archive · 3 Dec 2025
IndiGrid Acquires Karnataka Transmission Project for ₹372 Crore
IndiGrid, a company that manages power transmission projects, has agreed to buy a big power line project in Karnataka.
This project, called Gadag Transmission Limited (GTL), helps move electricity from solar farms.
It has been working since September 2024 and can carry a lot of power.
The project is owned by two companies, ReNew Transmission Ventures and KNI India.
IndiGrid will pay for this purchase using some of its own money, money it has saved, and money it borrows.
This deal is worth ₹372 crore.
IndiGrid signed an agreement to acquire Gadag Transmission Limited (GTL) in Karnataka for ₹372 crore.
GTL is a build-own-operate-maintain project that evacuates 2,500 MW of solar power from the Gadag Solar Energy Zone.
The project has been operational since September 2024 and includes 187 circuit kilometres of transmission lines and a 1,000 MVA substation.
GTL is jointly owned by ReNew Transmission Ventures (51%) and KNI India (49%).
The acquisition will be funded through a combination of equity, internal accruals, and debt.
- Who
- IndiGrid, Gadag Transmission Limited (GTL), ReNew Transmission Ventures, KNI India
- What
- Acquisition of an inter-state transmission project
- When
- Agreement signed on Tuesday, September 2024
- Where
- Karnataka, India
- Why
- To evacuate solar power from the Gadag Solar Energy Zone
- Acquirer
- IndiGrid
- Project Name
- Gadag Transmission Limited (GTL)
- Enterprise Value
- ₹372 crore
- Location
- Karnataka
- Transmission Capacity
- 2,500 MW of solar power
- Transmission Lines
- 187 circuit kilometres
- Substation Capacity
- 1,000 MVA
- Owners
- ReNew Transmission Ventures (51%), KNI India (49%)