Power Grid Corporation Wins Bid for Inter-State Transmission System in Gujarat
Power Grid Corporation of India Limited has been named the successful bidder in a Tariff Based Competitive Bidding (TBCB) process. The company secured the contract to establish an Inter-State Transmission System crucial for integrating renewable energy projects within Gujarat.The project, titled 'Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW),' was awarded on a Build, Own, Operate and Transfer (BOOT) basis. Power Grid received the Letter of Intent (LoI) for the project on August 21, 2026, with a discovered tariff set at Rs. 822.91 crore per annum.
The scope of work involves significant infrastructure development within Gujarat. Key components include:
- Establishment of a new GIS substation located in Kalyanpur (Gujarat).
- Conducting ICT augmentation and bay extension works at several under-construction substations across the state of Gujarat.
- Constructing 765 kV transmission lines that will traverse the entire state of Gujarat.
The successful bid positions Power Grid to play a critical role in scaling up renewable energy integration by providing dedicated high voltage infrastructure for major projects.
POWERGRID Stock Price Movement
On Friday, Power Grid Corporation of India Limited shares rallied, closing up 2.87% at ₹272.40 after trading a strong session. The stock saw activity range between a low of ₹264.2 and a high of ₹275.95, with 18.03 million shares recorded in total volume.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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