Power Grid Declared Successful Bidder for Major Inter-State Transmission Project
Power Grid Corporation of India Limited has been declared the successful bidder in a Tariff Based Competitive Bidding process. The company secured this status to establish an Inter-State Transmission System for the 'Transmission System for integration of Krishnagiri REZ Phase-I'.POWERGRID received the Letter of Intent (LoI) concerning the project on July 10, 2026. This undertaking is based on a Build, Own, Operate and Transfer (BOOT) model.
The project involves several key infrastructure components across three states. As part of the transmission system establishment, Power Grid will be involved in setting up two new 765/400kV substations located in Andhra Pradesh.
Furthermore, the scope of work includes the construction of 765kV and 400kV transmission lines. These lines are planned to traverse through the states of Andhra Pradesh, Telangana, and Karnataka, along with associated bays.
POWERGRID Stock Price Movement
Today, Power Grid Corporation of India Limited shares edged higher, settling at ₹283.1 after climbing 0.8%, marking a gain of ₹2.25. The stock saw robust market activity during trading hours, with over 5.2 million shares changing hands.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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