Power Grid Corporation of India Limited has announced a significant sustainability milestone, achieving 50% of its energy consumption through green energy sources. The company disclosed this achievement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sustainability Achievement Details

The milestone represents a major step in the company's Environmental, Social, and Governance (ESG) goals. Power Grid Corporation has successfully implemented this green energy target across its installations spread throughout the length and breadth of the country.

Green Energy Initiatives

The company has achieved this milestone through multiple strategic initiatives focused on renewable energy adoption. Key initiatives include:

• Rooftop solar installations across various facilities
• Solar PV plant at Nagda
• Comprehensive renewable energy integration across all locations

These initiatives demonstrate the company's commitment to sustainable energy practices and environmental responsibility.

Strategic Impact

Power Grid Corporation emphasized that achieving this target across all locations represents a major step towards a greener future. The company's ability to implement green energy solutions across its geographically diverse installations showcases its operational capabilities in sustainability management.

The achievement aligns with broader industry trends towards renewable energy adoption and demonstrates the company's proactive approach to environmental stewardship. This milestone positions Power Grid Corporation as a leader in sustainable energy practices within the power transmission sector.

Power Grid Corporation of India has secured a major battery energy storage project, positioning the company as a key player in India's renewable energy infrastructure development. The project represents a significant milestone in the country's energy storage capabilities.

Project Details and Specifications

The company was declared the successful bidder for a comprehensive battery energy storage project with substantial capacity and strategic importance.

The project was awarded under Tariff-Based Competitive Bidding for setting up the battery energy storage system in substations of APTRANSCO, Andhra Pradesh, specifically designed for 'on demand' usage. This strategic positioning will enable efficient power management and grid stability in the region.

Specific Development Components

The awarded project includes the development of a 150 MW / 300 MWh Battery Energy Storage System at the 400/220 kV SS Kalikiri substation located in Chittoor district, Andhra Pradesh. This facility will serve as a critical component of the overall 2,000 MWh capacity project.

Funding and Implementation Framework

The project benefits from robust financial support through established government funding mechanisms:

• Funding Source: Viability Gap Funding under the Power System Development Fund (PSDF)
• Implementation Model: Build-Own-Operate structure
• Regulatory Compliance: Project awarded under SEBI listing regulations disclosure requirements

Recent Stock Performance Context

Power Grid Corporation's shares have experienced challenging market conditions over recent periods. The stock closed at ₹260.30 on the BSE, reflecting the company's current market valuation amid this positive project development.

The significant battery energy storage project award represents a positive development for the company, demonstrating its continued success in securing major infrastructure projects despite recent stock performance challenges. This project reinforces Power Grid Corporation's strategic position in India's evolving energy infrastructure landscape.