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 Limited (POWERGRID), a leading electric power transmission company, has made two significant announcements that are likely to interest investors and stakeholders.

Scheduled Board Meeting for Q1 FY2023 Results

POWERGRID has scheduled a Board of Directors meeting on August 8, 2022, to consider and approve the unaudited financial results for the quarter ended June 30, 2022. The Audit Committee will review the results before they are presented to the board for approval.

In line with regulatory requirements, the company's trading window, which closed on June 30, 2022, will remain closed until August 10, 2022. It is set to reopen on August 11, 2022, allowing for trading to resume after the financial results are made public.

Successful Bid for Major Transmission Project

In a separate development, POWERGRID has been declared the successful bidder for a significant inter-state transmission system project. The company received the Letter of Intent (LoI) for the project titled "Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh."

The project, awarded under the Tariff Based Competitive Bidding (TBCB) process, will be executed on a Build, Own, Operate and Transfer (BOOT) basis. It includes the following key components:

1. Establishment of a new 765/400kV Pooling Sub-station
2. Bay extension works at other upcoming sub-stations
3. 765kV transmission line works in Uttar Pradesh

This project is expected to enhance POWERGRID's transmission infrastructure in Uttar Pradesh and contribute to the efficient evacuation of power from pumped storage projects in the Sonbhadra district.

As POWERGRID continues to expand its portfolio and prepare for the release of its quarterly results, investors and industry observers will be keenly watching for further developments from this key player in India's power transmission sector.