Power Grid Corporation of India Limited — Important, 25-11-2024: General Updates

Power Grid Corporation of India Limited has been declared the successful bidder under Tariff-based competitive bidding for the establishment of an Inter-State transmission system for the “Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-4: 3.5 GW): Part A.” The Letter of Intent has been received.

The project involves the establishment of a 765/400kV sub-station near Ghiror in Mainpuri, Uttar Pradesh, along with the construction of 765kV and 400kV transmission lines across Rajasthan and Uttar Pradesh. Additionally, it includes augmentation and bay extension work at existing and under-construction sub-stations in both states. This development is expected to strengthen Power Grid's position in the market, offering potential growth opportunities as it expands its infrastructure capabilities. Investors should monitor how this project influences operational efficiency and revenue generation moving forward.