POWERGRID's Committee of Directors Approves ₹584.13 Crore Investment Across Three Infrastructure Projects
Power Grid Corporation of India's 'Committee of Directors on Investment on Projects' approved three infrastructure projects on 15th May, 2026, with a combined estimated cost of ₹584.13 crore. The projects include transformer augmentation at Tuticorin-II GIS Sub Station at ₹132.06 crore and OPGW communication system installations in the Western Region at ₹308.49 crore and Eastern Region at ₹143.58 crore. All three projects are scheduled for commissioning by 2028, with the WR and ER Region OPGW projects targeted by 18th September, 2028, and the Tuticorin-II project by 17th February, 2028. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.
Power Grid Corporation of India 's 'Committee of Directors on Investment on Projects' convened on 15th May, 2026, and accorded investment approval for three infrastructure proposals with a combined estimated cost of ₹584.13 crore. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Approved Projects at a Glance
The three approved proposals span transformer augmentation and optical fibre ground wire (OPGW) communication system installations across multiple regions. The following table summarises the key details of each approved project:
| Project: | Estimated Cost | Scheduled Commissioning |
|---|---|---|
| Augmentation of 1x500MVA, 400/230kV ICT (7th) at Tuticorin-II GIS Sub Station | ₹132.06 crore | 17th February, 2028 |
| Installation of OPGW & associated communication systems on existing ISTS lines in WR Region | ₹308.49 crore | 18th September, 2028 |
| Installation of OPGW & associated communication systems on existing ISTS lines in ER Region | ₹143.58 crore | 18th September, 2028 |
Project Details
Tuticorin-II GIS Sub Station Augmentation
The first proposal involves the implementation of the "Augmentation of 1x500MVA, 400/230kV ICT (7th) at Tuticorin-II GIS Sub Station" at an estimated cost of ₹132.06 crore. This project is scheduled to be commissioned by 17th February, 2028.
OPGW Installation in Western Region
The second proposal covers the "Installation of OPGW & associated communication systems on the existing ISTS lines in WR Region" at an estimated cost of ₹308.49 crore. The project is to be commissioned within 30 months from the date of allocation of the project, i.e., by 18th September, 2028.
OPGW Installation in Eastern Region
The third proposal pertains to the "Scheme for Installation of OPGW & associated communication systems on the existing ISTS lines in ER Region" at an estimated cost of ₹143.58 crore. Similar to the WR Region project, this is also scheduled to be commissioned within 30 months from the date of allocation of the project, i.e., by 18th September, 2028.
Regulatory Compliance
The investment approvals were disclosed by Company Secretary & Compliance Officer Satyaprakash Dash on 15th May, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The combined estimated investment across all three projects amounts to ₹584.13 crore, with all projects targeted for commissioning by 2028.
Historical Stock Returns for Power Grid Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.04% | -5.54% | -5.09% | +9.31% | -1.03% | +130.81% |
How will the OPGW installations across the Western and Eastern regions enhance Power Grid's ability to monetize its telecom infrastructure through subsidiaries like POWERTEL?
Could the Tuticorin-II substation augmentation signal broader capacity expansion plans in Tamil Nadu to support the state's growing renewable energy evacuation needs?
Are there additional ISTS lines in the Northern and Southern regions being considered for similar OPGW upgrades, and what would be the estimated investment pipeline?

































