Power Grid Corporation of India Limited has secured a significant transmission infrastructure project in Maharashtra, marking another milestone in the company's expansion of India's power transmission network. The company announced on February 11, 2026, that it has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) for a critical transmission project in the Pune region.

Project Details and Scope

The awarded project, officially titled "Network Expansion scheme in Maharashtra for removal of Transmission constrains in Pune Region-I (765/400 kV AIS Pune East)," will be executed on a Build, Own, Operate and Transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on February 11, 2026, formalizing its selection for this intra-state transmission system development.

Infrastructure Components

The comprehensive project encompasses multiple critical infrastructure elements designed to address transmission constraints in the Pune region. The scope includes the establishment of a new Air Insulated Substation (AIS) in Ahilyanagar District, which will serve as a key node in the expanded transmission network.

The project's transmission infrastructure components include:

• Construction of 765kV transmission lines traversing Maharashtra
• Development of 400kV transmission lines across the state
• Bay extension works at existing substations in Maharashtra
• Establishment of AIS Substation in Ahilyanagar District

Strategic Significance

This project represents a crucial step in addressing transmission bottlenecks in Maharashtra's power infrastructure, particularly in the Pune region. The network expansion is designed to remove existing transmission constraints and enhance the reliability and efficiency of power supply in one of India's key industrial and commercial hubs.

Regulatory Compliance

POWERGRID announced this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and the investment community. The company's proactive disclosure demonstrates its commitment to maintaining high standards of corporate governance and regulatory compliance.

Power Grid Corporation of India has successfully completed the acquisition of SR And ER Power Transmission Ltd, marking a strategic expansion of its transmission infrastructure assets.

Strategic Acquisition Details

The acquisition of SR And ER Power Transmission Ltd represents a significant step in Power Grid Corporation's growth strategy. This transaction adds valuable transmission infrastructure assets to the company's existing portfolio, strengthening its position in India's power transmission sector.

Business Impact

This acquisition aligns with Power Grid Corporation's objective of expanding its transmission network capabilities. The integration of SR And ER Power Transmission Ltd's assets is expected to enhance the company's operational capacity and geographical reach in the power transmission segment.

Market Position

Through this acquisition, Power Grid Corporation continues to consolidate its leadership position in India's power transmission industry. The transaction demonstrates the company's strategic approach to growth through targeted acquisitions of complementary transmission assets.