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POWERGRID FY 2024/25 — Gorakhpur–New Butwal Joint Venture Record

Page status
Working page
Updated
2026-07-10

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Summary

POWERGRID's integrated annual report for FY 2024/25, which records the implementing joint venture for the Indian portion of the New Butwal–Gorakhpur 400 kV cross-border line.

Key Findings

  • Butwal-Gorakhpur Cross Border Power Transmission Limited was incorporated on 31 August 2022.
  • NEA and POWERGRID each hold 50% of the joint venture.
  • The joint venture implements the Indian portion of the 400 kV New Butwal–Gorakhpur double-circuit cross-border line.
  • Paid-up capital at 31 March 2025 was INR 40 crore, with POWERGRID's share recorded at INR 20 crore.
  • POWERGRID's FY 2023/24 related-party disclosure records a project- management-consultancy agreement for the Indian portion, signed on 24 May 2023, with a stated 22-month duration ending 31 July 2025. That is a planned contract period, not evidence that construction or commissioning finished by that date.

Relevance

This is the primary corporate-ownership source for Gorakhpur–New Butwal 400 kV Cross-Border Interconnection. It supports separating Indian and Nepal project sections.

Limitations

Neither the FY 2023/24 PMC disclosure nor the FY 2024/25 annual report provides a post-31 July 2025 physical-progress, testing or completion outcome. Joint-venture capital, incorporation and a planned PMC period do not establish energisation.

Primary Records Consulted