Power Grid Corporation of India Limited (POWERGRID) has taken a significant step towards enhancing the power infrastructure in the North-Eastern region of India. The company's Committee of Directors on Investment on Projects has approved the implementation of the North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII) at an estimated cost of ₹209.38 crore.

Project Details

The NERES-XXIII project is set to bolster the power transmission capabilities in the North-Eastern part of the country. Key aspects of the project include:

• Estimated Cost: ₹209.38 crore
• Project Duration: 30 months from the date of project allocation

Strategic Importance

This expansion scheme is part of POWERGRID's ongoing efforts to strengthen and expand the power transmission network in the North-Eastern region. The investment in this project underscores the company's commitment to improving power infrastructure and supporting the growing energy needs of the area.

Corporate Governance

The approval of the NERES-XXIII project coincided with POWERGRID's 36th Annual General Meeting (AGM). The AGM, conducted through video conferencing, addressed various corporate matters, including:

• Adoption of financial statements
• Confirmation of interim dividends and declaration of final dividend
• Appointment and reappointment of directors
• Authorization for fixing remuneration of statutory auditors
• Approval of enhanced borrowing limits

Financial Implications

While the specific financial impact of the NERES-XXIII project was not disclosed, the approval of enhanced borrowing limits during the AGM suggests that POWERGRID is positioning itself for continued investment in infrastructure projects. The company received approval to:

• Increase the borrowing limit from ₹16,000.00 crore to ₹25,000.00 crore
• Raise funds up to ₹30,000.00 crore

These financial decisions indicate POWERGRID's robust plans for future expansion and development of power transmission infrastructure across India.

Conclusion

The approval of the North-Eastern Region Expansion Scheme-XXIII represents POWERGRID's ongoing commitment to enhancing India's power transmission capabilities. As the project progresses, it is expected to play a crucial role in meeting the increasing energy demands of the North-Eastern region and contributing to the overall development of the area's power infrastructure.

Power Grid Corporation of India (POWERGRID) announced another significant milestone in its renewable energy infrastructure expansion, as its wholly owned subsidiary, POWERGRID Khavda II-B Transmission Limited, successfully commissioned a major transmission project in the Khavda Renewable Energy park.

Project Commissioning Details

The company's subsidiary has completed the transmission scheme for evacuation of 4.5GW renewable energy injection at Khavda PS under Phase-II, Part-B. The project achieved commercial operation on December 13, 2025, with the official Notification for Commercial Operation (DOCO) received via email on December 18, 2025.

Strategic Infrastructure Development

The transmission scheme, secured through Tariff Based Competitive Bidding, forms part of the Inter-State Transmission System initiative. This project represents a crucial infrastructure development for evacuating substantial renewable energy capacity from the Khavda renewable energy park, one of India's largest solar and wind energy projects.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, POWERGRID informed the National Stock Exchange of India Limited and BSE Limited about this development. The disclosure was signed by Company Secretary & Compliance Officer Satyaprakash Dash, demonstrating the company's commitment to regulatory transparency.

Expanding Transmission Portfolio

This latest commissioning adds to POWERGRID's growing portfolio of renewable energy transmission projects in the Khavda region. The successful completion of this 4.5GW evacuation scheme reinforces the company's capabilities in executing large-scale transmission infrastructure projects critical for India's renewable energy goals.

The project's commissioning supports India's ambitious renewable energy targets and strengthens the power evacuation infrastructure necessary for the country's transition to clean energy sources.