Power Grid Corporation of India Limited — Important, 17-02-2025: General Updates

Power Grid Corporation of India Limited (POWERGRID) has secured its position as a successful bidder under the Tariff Based Competitive Bidding for two significant projects aimed at enhancing the Inter-State Transmission System on a Build, Own, Operate and Transfer (BOOT) basis.

1. The first project involves establishing a new 765/400/220kV Pooling Sub-Station near Davanagere/Chitradurga, along with a new 400/220kV Pooling Sub-Station near Bellary. This includes the installation of 765kV and 400kV double circuit transmission lines and upgrades to existing infrastructures within Karnataka.

2. The second project focuses on augmentation at existing and under-construction sub-stations at Fatehgarh-II PS, Fatehgarh-IV PS (Section-II), and Barmer-I PS in Rajasthan.

The Letter of Intent (LoI) for these projects has been received, highlighting a positive outlook for POWERGRID’s growth and operational expansion. Investors should watch closely for developments that could enhance company revenues and market position.