Power Grid Corporation of India Limited (Powergrid) has acquired Mohanlalganj Transmission Limited (MTL) in Uttar Pradesh for over Rs 91.1 million, including 10,000 equity shares at Rs 10 each, along with assets and liabilities of the company. MTL is an SPV project to establish an intra-state transmission system for the construction of a 400/220/ 132 kV gas-insulated switchgear (GIS) substation at Mohanlalganj in Lucknow with associated 400 kV lines, and other 765 kV and 400 kV line in line out (LILO) lines at the 765 kV GIS substation in Rampur, as well as 400 kV LILO (quad moose on monopole) at the 400 kV GIS substation in Sector 123, Noida. The project has been acquired under the tariff-based competitive bidding route and will be developed on a build-own-operate-maintain basis.
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