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The latest update is out from Power Grid Corporation of India Limited ( (IN:POWERGRID) ).
Power Grid Corporation of India Limited has expanded its international presence by jointly incorporating a Special Purpose Vehicle in Kenya with Africa50, named Mwanga Transmission Company Limited, to implement a major transmission project. The private company was incorporated on April 21, 2026, under Kenya’s Companies Act, 2015, marking a strategic move into African power infrastructure under a public-private partnership framework.
The SPV has been set up pursuant to a project agreement with Kenya Electricity Transmission Company Limited for the Kenya Independent Power Transmission Project, with Power Grid holding 40 percent equity and Africa50 retaining 60 percent. This structure positions Power Grid as a key technical and equity partner in Kenya’s grid expansion, potentially strengthening its international portfolio and reinforcing regional efforts to improve transmission reliability and attract private capital into African power networks.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited is a state-owned electric power transmission utility, operating high-voltage transmission networks across India. The company focuses on developing and managing grid infrastructure and related services, and has increasingly been pursuing opportunities in international transmission projects to expand its global footprint and leverage its technical expertise.
Average Trading Volume: 692,817
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2972.5B INR
Find detailed analytics on POWERGRID stock on TipRanks’ Stock Analysis page.