POWERGRID Secures TBCB Transmission Project Bid and Letter of Intent for Fatehgarh-II Synchronous Condenser Project 4 days ago
POWERGRID has won a bid for a transmission project under the TBCB framework and received a Letter of Intent for the Fatehgarh-II synchronous condenser project under the BOOT model. The TBCB mechanism enables competitive selection of transmission developers, while the BOOT model governs the build, ownership, operation, and eventual transfer of the Fatehgarh-II asset. These announcements highlight POWERGRID's ongoing expansion in India's transmission infrastructure segment.
Powergrid Plans to Review Proposal to Raise Borrowing Limit from ₹30,000 Crores to ₹35,000 Crores for FY 2026-27 5 days ago
POWERGRID Acquires Special Purpose Vehicle for WR-ER Transmission Project Through TBCB Route
POWERGRID has acquired a Special Purpose Vehicle (SPV) for a transmission project connecting India's Western Region and Eastern Region through the Tariff Based Competitive Bidding (TBCB) route. The acquisition reflects the company's continued engagement in competitively bid inter-regional transmission projects. The SPV structure is a standard mechanism in India's power sector for developing and operating dedicated transmission assets. This development reinforces POWERGRID's role in expanding the country's inter-regional power transmission network.
POWERGRID Infrastructure Investment Trust Reports Steady Q1 Performance, Announces ₹3.00 Per Unit Distribution
Powergrid Infrastructure Investment Trust (PGInvIT) announced Q1 financial results with consolidated income of ₹3,250 million. The trust declared a distribution of ₹3 per unit, maintaining its ₹12 per unit annual guidance. PGInvIT's portfolio includes 11 transmission lines and 3 substations, with average availability exceeding 98%. The trust is exploring growth through TBCB projects, state transmission asset monetization, and ongoing project implementation.
08Aug 25
POWERGRID Infrastructure Investment Trust Reports Strong Q1 Performance with ₹12 Per Unit Distribution Guidance
Power Grid Infrastructure Investment Trust (PGInvIT) released its quarterly results, showing strong performance across its transmission assets. The trust achieved over 98% average availability for its 11 transmission lines and three substations. Financial highlights include total income of ₹2,758.00 million and Net Distributable Cash Flow of ₹3,250.00 million at SPV level. PGInvIT announced a distribution guidance of ₹12.00 per unit. The trust is pursuing growth through a ₹25.00 crore expansion project at Parli substation and exploring acquisitions worth around ₹500.00 crores.
05Aug 25
POWERGRID Infrastructure Investment Trust Declares Rs 3.00 Per Unit Distribution
Power Grid Infrastructure Investment Trust (PGInvIT) reported consolidated total income of Rs 3,250.24 million and profit after tax of Rs 1,907.55 million. The trust approved a distribution of Rs 3.00 per unit, comprising interest, dividends, debt repayment, and treasury income. PGInvIT maintains 100% equity in five transmission companies and holds AAA ratings from CRISIL, ICRA, and CARE. Kala Amb Transmission Limited, a subsidiary, has filed a tariff petition for its RTM project.
30Jul 25
POWERGRID and PGInvIT Join Forces for Rs. 500 Crore TBCB Projects
Power Grid Corporation of India Limited (POWERGRID) and POWERGRID Infrastructure Investment Trust (PGInvIT) have formed a strategic consortium to bid for Tariff Based Competitive Bidding (TBCB) projects. POWERGRID will be the Lead Partner, with PGInvIT as the Other Partner. The consortium plans to bid for up to two TBCB projects with an estimated total cost of Rs. 500.00 crore. PGInvIT's participation will be through a holding company or other permissible arrangement. This collaboration combines POWERGRID's experience with PGInvIT's investment capabilities for power infrastructure development.