Ashoka Buildcon Limited has successfully acquired a 100% equity stake in Sakoli Power Transmission Limited, a Special Purpose Vehicle (SPV), for ₹3.06 Crore. This acquisition is part of a project to establish and develop a new 400 kV AIS Sakoli Substation and associated transmission lines. The SPV was formed on July 07, 2025, and commercial operation is expected within 24 months from the acquisition date.
Ashoka Buildcon Acquires Sakoli Power Transmission SPV
Ashoka Buildcon Limited has announced the acquisition of 100% equity stake in Sakoli Power Transmission Limited, a Special Purpose Vehicle (SPV). The acquisition was completed on September 23, 2026, for a total consideration of ₹3.06 Crore. This amount includes the share purchase consideration, relevant expenses, and liabilities of the SPV up to the acquisition date.
Project Details and Rationale
Sakoli Power Transmission Limited was established as an SPV on July 07, 2025, with the objective of developing infrastructure for a transmission system. The project involves the establishment of a 400 kV AIS Sakoli Substation and associated transmission lines. The company entered into a Share Purchase Agreement (SPA) for this acquisition, which was a condition of the Request for Proposal (RFP) for the project. REC Power Development and Consultancy Limited acted as the Bid Process Co-Ordinator.
Operational Timeline and Impact
The Scheduled Date of Commercial Operation for the SPV is set to be 24 months from the date of acquisition. As the SPV was incorporated on July 07, 2025, its history of the last three years is not applicable. This acquisition is expected to bolster Ashoka Buildcon’s presence in the power transmission sector, aligning with its strategic growth objectives.
Source: BSE
