Power Grid Corporation of India Ltd has announced the successful commissioning of a major transmission project through its wholly owned subsidiary POWERGRID Khavda II-C Transmission Limited. The project represents a significant achievement in India's renewable energy infrastructure development, with operations commencing from January 31, 2026.

Project Details and Scope

The transmission project involves the implementation of Inter-State Transmission System specifically designed for the evacuation of 4.5GW renewable energy injection at Khavda PS under Phase-II, Part C. The project was secured through Tariff Based Competitive Bidding, demonstrating the company's competitive capabilities in the transmission sector.

Commissioning Timeline and Operations

The transmission scheme achieved complete commissioning on January 31, 2026, marking the official start of operations for the renewable energy evacuation system. The Notification for Commercial Operation (DCO) was received via email on February 2, 2026, confirming the project's operational status.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulation mandates the disclosure of material events and information that could impact investor decisions.

Strategic Significance

This project completion strengthens Power Grid Corporation's position in India's renewable energy transmission infrastructure. The 4.5GW capacity addition supports the country's renewable energy evacuation capabilities, facilitating the integration of clean energy into the national grid system. The successful commissioning demonstrates the company's execution capabilities in large-scale transmission projects.

Power Grid Corporation of India 's Board of Directors has approved a significant corporate restructuring decision involving its relationship with PTC India Limited. The board meeting held on 30th January, 2026, resulted in the approval of withdrawal of POWERGRID's nominee director from PTC India Limited's Board and complete relinquishment of promoter rights.

Board Decision Details

The decision encompasses two key aspects of POWERGRID's disengagement from PTC India Limited:

Ministry of Power Directive

The corporate action follows an Office Memorandum issued by the Ministry of Power on 16th January 2026. This directive appears to have prompted POWERGRID's decision to restructure its relationship with PTC India Limited, moving away from its current promoter status and board representation.

Regulatory Disclosure

POWERGRID has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to both major stock exchanges:

• NSE: SCRIP ID - POWERGRID
• BSE: Scrip Code - 532898
• ISIN: INE752E01010

The disclosure was signed by Satyaprakash Dash, Company Secretary and Compliance Officer, ensuring proper regulatory compliance for this significant corporate restructuring decision.