Power Grid commissions 3500 MW solar transmission scheme in Andhra Pradesh

1 min read     Updated on 29 Jun 2026, 08:56 PM
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Power Grid Corporation of India Ltd has commissioned a 3500 MW transmission scheme for solar energy zones in Ananthpuram and Kurnool, Andhra Pradesh, effective June 24, 2026. The project, originally entrusted to a wholly owned subsidiary that amalgamated with POWERGRID Khawda II-C Transmission Limited in March 2026, received the Notification for Commercial Operation on June 25, 2026.

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Power Grid Corporation of India Ltd has commissioned the Transmission scheme for Solar Energy Zone in Ananthpuram (2500 MW) and Kurnool (1000 MW), Andhra Pradesh, effective June 24, 2026. The project enhances transmission capacity for solar energy zones in the region. The company received the Notification for Commercial Operation (DOCO) dated June 25, 2026, via email on June 26, 2026.

The project was originally entrusted to POWERGRID Ananthpuram Kurnool Transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Ltd. This entity amalgamated with POWERGRID Khawda II-C Transmission Limited effective March 1, 2026, as per an order from the Ministry of Corporate Affairs (MCA) dated January 27, 2026.

Project Details

The commissioned scheme facilitates the evacuation of power from significant solar energy zones. The following table outlines the key capacities associated with the project:

Location Capacity (MW)
Ananthpuram (Ananthapur) 2500 MW
Kurnool 1000 MW
Total 3500 MW

Regulatory and Corporate Structure

The commissioning was disclosed to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amalgamation of the project's original subsidiary with POWERGRID Khawda II-C Transmission Limited preceded the final commissioning, consolidating the asset under the merged entity prior to the commercial operation date.

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How will the commissioning of this 3500 MW transmission capacity impact Power Grid Corp's revenue streams for the fiscal year ending March 2027?

Does this successful evacuation capacity signal the start of accelerated infrastructure development for other upcoming solar energy zones in India?

How will the recent amalgamation of subsidiary entities affect the company's operational efficiency and future project execution timelines?

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Power Grid raises borrowing limit to ₹2.2 lakh crore, secures $500 mn ECB

1 min read     Updated on 27 Jun 2026, 06:56 AM
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Power Grid Corporation of India Ltd's board approved increasing the borrowing limit to ₹2,20,000 crore, pending shareholder approval, and sanctioned $500 million in External Commercial Borrowings from Bank of Baroda. Additionally, the board approved an investment of ₹772.65 crore to upgrade the Udumalpet – Madurai transmission line, scheduled for completion by August 11, 2028.

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Power Grid Corporation of India Ltd has significantly increased its financial flexibility after its board approved raising the borrowing limit to ₹2,20,000 crore from ₹1,80,000 crore. The decision, taken on June 26, 2026, is subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the board sanctioned raising $500 million through External Commercial Borrowings (ECB) from Bank of Baroda to bolster foreign currency funding.

The board also approved an investment of ₹772.65 crore for the upgradation and conversion of the Udumalpet – Madurai 400kV S/c line to a 400kV (quad) D/c line. This infrastructure project is scheduled to be implemented within 30 months from the date of allocation, with a target completion date of August 11, 2028.

The meeting was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings commenced at 1:30 P.M. and concluded at 3:00 P.M. on the same day.

Key Approvals

The board's decisions focused on expanding financial headroom and strengthening transmission infrastructure. The following table summarizes the key resolutions passed:

Resolution Details
Borrowing Limit Enhancement Increased from ₹1,80,000 crore to ₹2,20,000 crore (pending AGM approval)
External Commercial Borrowing $500 million from Bank of Baroda
Project Investment ₹772.65 crore for Udumalpet – Madurai line upgrade

The investment in the Udumalpet – Madurai line aims to enhance transmission capacity. The project involves converting a single-circuit line to a double-circuit quad configuration, which is critical for improving grid reliability and power transfer efficiency.

Historical Stock Returns for Power Grid Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.42%-0.23%-1.47%+11.61%-3.87%+117.61%

What specific capital expansion projects is Power Grid targeting with the additional ₹40,000 crore in borrowing capacity?

How will the increased reliance on External Commercial Borrowings impact the company's exposure to foreign exchange rate fluctuations?

Will the upgraded Udumalpet – Madurai line be sufficient to meet the projected power demand in the region beyond 2028?

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