The company has acquired turnkey contracts for the development of more than 365 kilometers of 765kV double-circuit transmission lines.
The valuation of the company was estimated to be up to $3 billion.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
McPhy Energy is a French company.
The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
Vedanta is the parent company of Hindustan Zinc.
The company would keep offering creative financing options to lessen the effect on the customers.
Floor price for the offer-for-sale set at Rs 2,450 per share.
In the last privatisation round, the company had won bids to operate 6 airports of Guwahati, Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru.