Power Grid Corporation of India Limited (POWERGRID) has clinched a significant inter-state transmission system project, marking a major development in the country's power infrastructure. The state-owned electric utilities company emerged as the successful bidder for the project under the Tariff Based Competitive Bidding (TBCB) process.

Project Details

The project, titled "Inter-regional (NR-WR) Transmission System strengthening to relieve the loading of 765 kV Vindhyachal-Varanasi D/c line," will be executed on a Build, Own, Operate and Transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) for this project on September 16, 2025.

Scope of Work

The ambitious project encompasses two main components:

1. Establishment of a new 765 kV Sub-Station at Prayagraj in Uttar Pradesh
2. Construction of 765 kV Double Circuit (D/c) Transmission Lines spanning across Uttar Pradesh and Madhya Pradesh

Strategic Importance

This infrastructure development is strategically crucial as it aims to strengthen the Inter-regional transmission system between the Northern Region (NR) and Western Region (WR) of India. A key objective of the project is to alleviate the load on the existing 765 kV Vindhyachal-Varanasi line, which will enhance the overall efficiency and reliability of power transmission between these regions.

Official Announcement

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, POWERGRID officially announced this development to the National Stock Exchange of India Limited and BSE Limited on September 17, 2025. The announcement was made by Satyaprakash Dash, Company Secretary & Compliance Officer of POWERGRID.

This project win underscores POWERGRID's continued prominence in India's power transmission sector and its commitment to enhancing the nation's power infrastructure. As the project unfolds, it is expected to play a vital role in improving power distribution and meeting the growing energy demands across the Northern and Western regions of India.

Power Grid Corporation of India , a key player in the Indian power transmission sector, witnessed significant block trades on the National Stock Exchange (NSE) recently. The transactions, collectively valued at over Rs. 221.00 crores, involved a substantial number of shares changing hands.

Block Trade Details

Three notable block trades were executed on the NSE:

Market Implications

Block trades of this magnitude often attract attention from market participants and analysts. Such transactions can sometimes indicate significant investor interest or strategic moves by large shareholders. However, the specific reasons behind these block trades and the parties involved have not been disclosed in the available information.

Recent Developments

In a separate development, Power Grid Corporation secured a contract to establish an inter-state transmission system across Uttar Pradesh and Madhya Pradesh. The company received the Letter of Intent on September 16 under tariff-based competitive bidding. The project includes setting up a 765 kV sub-station at Prayagraj and transmission lines across both states to strengthen the inter-regional transmission system.

Despite this project win, the company's shares fell 0.64% to Rs. 286.50 on NSE.

Financial Performance

Power Grid Corporation's recent financial results showed mixed performance:

• Net profit rose 7.1% to Rs. 3,653.00 crore, but missed estimates of Rs. 3,784.00 crore.
• Revenue declined 1.4% to Rs. 9,928.00 crore, falling short of Rs. 11,147.00 crore expectations.
• EBITDA dropped 7.2% to Rs. 8,117.00 crore with margins narrowing to 81.76% from 86.85%.
• Transmission revenue remained flat at Rs. 10,695.00 crore.
• Consultancy revenue doubled to Rs. 405.90 crore.
• Telecom revenue increased 18% to Rs. 289.50 crore.

About Power Grid Corporation

Power Grid Corporation of India is a state-owned electric utilities company and operates as India's largest electric power transmission utility. The company plays a crucial role in the development and operation of national power grids, facilitating the transfer of electricity across different regions of the country.