Power Grid Corporation of India Limited (POWERGRID) has achieved a significant milestone in its expansion efforts, securing a new inter-state transmission system project through a competitive bidding process. The project, focused on enhancing renewable energy integration, is set to bolster the company's presence in Madhya Pradesh's power infrastructure.

Project Details

The newly awarded project involves two key components:

1. Augmentation of transformation capacity
2. Implementation of line bays at Mandsaur substation

This initiative is specifically designed to facilitate the interconnection of renewable energy sources, highlighting POWERGRID's commitment to supporting India's green energy transition.

Bidding Process and Award

POWERGRID emerged as the successful bidder in a tariff-based competitive bidding (TBCB) process. The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis, demonstrating the company's expertise in end-to-end power transmission infrastructure development.

Official Confirmation

In a significant development, POWERGRID received the Letter of Intent (LoI) for the project on September 19, 2025. This information was disclosed by the company in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Location and Scope

The project's scope is centered around augmentation works at the under-construction Mandsaur substation in Madhya Pradesh. This strategic location is expected to play a crucial role in strengthening the state's power transmission capabilities, particularly in relation to renewable energy integration.

Implications for Renewable Energy

By enhancing the transformation capacity and implementing new line bays, the project is poised to significantly improve the infrastructure for connecting renewable energy sources to the grid. This aligns with India's broader goals of increasing the share of renewable energy in its power mix.

POWERGRID's success in securing this project underscores its continued importance in India's power transmission sector and its role in facilitating the country's transition towards a more sustainable energy future.

Power Grid Corporation of India , a key player in the Indian power transmission sector, recently executed a significant block trade on the National Stock Exchange (NSE), highlighting substantial market activity in the company's shares.

Block Trade Details

The state-owned power transmission company conducted a block trade involving 6,644,685 shares at a price of ₹288.55 per share. This transaction amounted to a total value of ₹191.73 crore, representing a notable volume of shares changing hands at the specified price point.

Market Implications

Block trades of this magnitude often indicate institutional interest or large stakeholder movements, which can be of particular interest to market analysts and investors. The execution of such a sizeable trade at ₹288.55 per share provides a snapshot of the current market valuation for Power Grid Corporation's stock.

Company Background

Power Grid Corporation of India Limited (POWERGRID) is a central public sector enterprise under the Ministry of Power, Government of India. The company plays a crucial role in the development and operation of national power transmission infrastructure.

Recent Developments

While not directly related to the block trade, it's worth noting that POWERGRID continues to expand its operations. According to recent corporate filings, the company has been declared as a successful bidder under Tariff Based Competitive Bidding for a significant inter-state transmission system project.

The project, titled "Inter-regional (NR-WR) Transmission System strengthening to relieve the loading of 765 kV Vindhyachal-Varanasi D/c line," will be established on a Build, Own, Operate and Transfer (BOOT) basis. This development includes:

• Establishment of a new 765 kV Sub-Station at Prayagraj in Uttar Pradesh
• Construction of 765 kV D/c Transmission Lines across Uttar Pradesh and Madhya Pradesh

As POWERGRID continues to secure new projects and maintain its position in the power transmission sector, market activities such as the recent block trade may reflect ongoing investor interest in the company's performance and future prospects.