POWERGRID, Resonia and Dilip Buildcon acquire four TBCB transmission SPVs
Four special purpose vehicles (SPVs) associated with power transmission projects changed ownership between May 29 and May 30, 2026, under the tariff-based competitive bidding (TBCB) framework. Power Grid Corporation of India Limited (POWERGRID) acquired Tumkur II RE Transmission Limited (TRETL) from PFC Consulting Limited, a wholly owned subsidiary of PFC, on May 29, 2026, for…