Reliance Industries gets nod to acquire 100% stake in Kandla GHA Transmission
Reliance Industries has received approval for acquisition of 100% equity stake of Kandla GHA Transmission (KGTL), from PFC Consulting (PFCCL), for an aggregate consideration not exceeding Rs 20 crore. This is in accordance with the terms of the tender awarded to the company, for establishment of Turnkey Construction of 765/400kV GIS Substation at Kandla including Transformers and Reactors, 765kV Transmission lines between Halvad and Kandla, 765kV Bay extension at Halvad and STATCOM. Post acquisition, KGTL will become a wholly owned subsidiary of the company.
KGTL was incorporated in India on November 27, 2024 and is yet to commence commercial operations. The said investment will enable the company to execute the Independent Transmission Project (ITP) Transmission System for Supply of Power to Green Hydrogen / Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW). The transaction is expected to be completed by end of June 2025. The Board of Directors of the company, at its meeting held on April 25, 2025, have approved the same.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
