New Delhi, March 25 -- On Monday, Power Grid Corporation announced its acquisition of Banaskantha Transco Limited, a Project SPV, to enhance transformation capacity at the Banaskantha (Raghanesda) PS (GIS). The project, awarded on a build, own, operate, and transfer (BOOT) basis, was acquired from the Bid Process Coordinator, REC Power Development and Consultancy Limited (RECPDCL). It involves ICT augmentation at the existing Banaskantha (Raghanesda) PS (GIS) in Gujarat.

The technology company has formed a strategic partnership with Western Union to foster innovation and transformation in the financial services sector. Together, they will set up a cutting-edge technology center in Hyderabad, India, strengthening Western Union's global te...