Techno Electric & Engineering Company has partnered with IndiGrid to develop two IndiGrid's Greenfield interstate transmission Systems (ISTS) projects.

Techno Electric & Engineering Company has entered into securities subscription cum shareholders agreement (SSSHA) with IndiGrid 1 (IGL 1), IndiGrid 2 (IGL 2) and 2 special purpose vehicles (SPVs) of IndiGrid namely Ishanagar Power Transmission (IPTL) and Dhule Power Transmission (DPTL} for acquiring minority equity stake.

Under this partnership, Techno Electric will co-develop and invest in IndiGrids two ISTS projects, IPTL and DPTL. The company will invest minority capital and will also be responsible for the complete execution of the projects on a Lump Sum Turnkey (LSTK) basis.

Techno Electric, chairperson, Padam Prakash Gupta,said, As a pioneer and lead in the energy transmission sector, Techno is immensely proud and honored to collaborate with IndiGrid, in advancing Indias transmission story.

This partnership represents @ significant milestone for us, reflecting our commitment to leading the transformation of the energy landscape in India.

With our deep execution capabilities, a strong balance sheet, and a shared vision for sustainable growth, we view this collaborationas a long term strategic partnership that will shape the future of energy transmissionin the country.