POWERGRID Secures Major Inter-State Transmission System Project
Power Grid Corporation of India Limited (POWERGRID) has secured a bid for an inter-state transmission system project titled 'Inter-Regional Strengthening between SR Grid and WR Grid'. The project involves establishing 765 kV D/c transmission lines connecting Karnataka and Maharashtra, along with associated line bays. POWERGRID will execute this project on a Build, Own, Operate, and Transfer (BOOT) basis, aiming to enhance power grid connectivity between Southern and Western regions of India. The company received the Letter of Intent on September 29, reinforcing its position in the power transmission sector.

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Power Grid Corporation of India Limited (POWERGRID), a leading player in the power transmission sector, has achieved a significant milestone by winning a bid for an inter-state transmission system project. This latest development underscores POWERGRID's continued dominance and expertise in the power infrastructure domain.
Project Details
The project, titled "Inter-Regional Strengthening between SR Grid and WR Grid," was awarded to POWERGRID under the Tariff Based Competitive Bidding (TBCB) process. The company received the Letter of Intent (LoI) on September 29, marking its success in securing this crucial infrastructure contract.
Scope of the Project
The newly acquired project encompasses the following key components:
- Establishment of 765 kV D/c (Double Circuit) Transmission Lines
- The transmission lines will traverse through the states of Karnataka and Maharashtra
- Associated line bays will be constructed at both ends of the transmission lines
Implementation Model
POWERGRID will execute this project on a Build, Own, Operate, and Transfer (BOOT) basis. This model allows the company to leverage its expertise in constructing and operating power transmission infrastructure while ensuring long-term benefits for the nation's power grid.
Strategic Importance
This inter-state transmission system project is expected to play a crucial role in strengthening the power grid connectivity between the Southern Region (SR) and Western Region (WR) of India. By enhancing the inter-regional power transfer capability, POWERGRID aims to improve the reliability and efficiency of the national power transmission network.
Company's Commitment
The successful bid for this project reaffirms POWERGRID's commitment to expanding and modernizing India's power transmission infrastructure. As a leading player in the sector, the company continues to contribute significantly to the nation's energy security and grid stability.
POWERGRID's ability to secure such high-value projects through competitive bidding processes demonstrates its strong market position and technical capabilities in the power transmission sector.
As the project moves forward, stakeholders will be keenly watching POWERGRID's execution of this important inter-regional grid strengthening initiative, which is set to bolster India's power transmission capabilities.
Historical Stock Returns for Power Grid Corporation of India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.73% | +2.98% | +2.19% | +0.02% | -11.66% | +224.57% |