Power Grid Corporation of India Limited Wins Bid for Synchronous Condenser Project
Power Grid Corporation of India Limited has been declared the successful bidder under the Tariff Based Competitive Bidding process to establish an Inter-State Transmission System. The project involves the installation of 2 Synchronous Condensers (SynCon) units at the 765/400/220kV Fatehgarh-II PS.The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis. This initiative includes the installation and commissioning of the two SynCon units alongside associated bays at the Fatehgarh-II PS location.
Power Grid Corporation of India Limited received the Letter of Intent for this project on July 17, 2026.
POWERGRID Stock Price Movement
Power Grid Corporation of India Limited shares rallied on Friday to settle at ₹283.55, marking a gain of 0.87%. The stock moved with a volume of 10.99 million shares as it gained ₹2.45 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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