Power Grid Corporation shares in focus after winning bids for two inter-state transmission projects
Power Grid Corporation of India shares will remain in focus on Tuesday after the state-owned electric utility company was named the successful bidder under the Tariff Based Competitive Bidding (TBCB) process for two major projects aimed at enhancing India’s Inter-State Transmission System.
The projects, to be executed under the Build, Own, Operate, and Transfer (BOOT) model, involve significant upgrades to substations in Gujarat and Karnataka.
The first project will involve augmentation of transformation capacity at KPS1 and KPS2 (Phase-V, Part B1 & B2): This project will augment transformation capacity at under-construction substations in Gujarat.
The second project will involve augmentation of transformation capacity at Bidar PS: The project includes the installation of 3x500 MVA, 400/220kV ICTs and 1x1500 MVA, 765/400kV ICT at a substation in Karnataka.
Power Grid received the Letter of Intent (LoI) for both projects on January 6, 2025. The development is part of the company’s efforts to strengthen the nation’s power transmission infrastructure.
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