Page 80 - Index

Notes
to the Standalone Financial Statements for the year ended 31 March 2022
NOTE 3/ INVESTMENTS
Particulars
Investment in Equity Instruments (Fully paid up) at cost Unquoted
Subsidiary Companies
Powergrid Vizag Transmission Limited 20,97,30,000 Shares of ₹ 10 each. Powergrid Kala Amb Transmission Limited 4,51,40,000 Shares of ₹ 10 each. POWERGRID Parli Transmission Limited 23,83,54,000 Shares of ₹ 10 each. POWERGRID Warora Transmission Limited 29,10,42,000 Shares of ₹ 10 each. POWERGRID Jabalpur Transmission Limited 16,79,13,400 Shares of ₹ 10 each.
TOTAL
Further Notes:
Details of the subsidiaries are as follows:
Name of Subsidiary
POWERGRID Vizag Transmission Limited POWERGRID Kala Amb Transmission Limited POWERGRID Parli Transmission Limited POWERGRID Warora Transmission Limited POWERGRID Jabalpur Transmission Limited
₹ in million
As at 31 March 2022
14,453.20
1,985.20
9,409.17
9,748.17
6,945.27
42,541.01
Ownership Interest % as on 31 March 2022
100%
74%
74%
74%
74%
Country of Incorporation
India India India India India
POWERGRID Infrastructure Investment Trust (the “Trust”) has paid the consideration for acquisition of 74% equity share capital of POWERGRID Vizag Transmission Limited (‘PVTL’), POWERGRID Kala Amb Transmission Limited (‘PKATL’), POWERGRID Parli Transmission Limited (‘PPTL’), POWERGRID Warora Transmission Limited (‘PWTL’) and POWERGRID Jabalpur Transmission Limited (‘PJTL’) from Power Grid Corporation of India Limited on 13 May 2021 pursuant to separate share purchase agreements.
Remaining 26% equity share capital of PVTL was acquired by the Trust on 31 March 2022 as per share purchase agreement dated 22 April 2021 and now trust hold 100% equity share of PVTL.
78 Annual Report 2021-22