Shares of Power Grid Corporation of India Limited (POWERGRID) surged 4.27% to ₹264.85 in Tuesday’s session after the company was declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) for three major inter-state transmission system projects. The company received the Letter of Intent (LoI) on March 3, 2025.
Details of the Awarded Projects
1. Transmission System for Evacuation of Power from Rajasthan Renewable Energy Zone (REZ) Phase-V (Part-1: 4 GW)
- Expansion of transformation capacity at the Sirohi substation in Rajasthan.
- 765 kV double-circuit transmission lines spanning Rajasthan and Madhya Pradesh.
2. Augmentation of Transformation Capacity at Banaskantha (Raghanesda) Power Station (GIS) in Gujarat
- ICT augmentation at the Banaskantha (Raghanesda) GIS power station.
3. Transmission System for Integration of Kurnool-IV REZ – Phase-I (4.5 GW)
- Establishment of a new 765/400/220 kV Kurnool IV Pooling Substation in Andhra Pradesh.
- Augmentation of transformation capacity at the C’peta Substation.
- 765 kV and 400 kV double-circuit transmission lines across Andhra Pradesh and Karnataka.
These key infrastructure projects strengthen POWERGRID’s leadership in India’s power transmission sector and support the country’s renewable energy integration initiatives.
Updated Stock Performance
- Current Price: ₹264.85 (+4.27%)
- Previous Close: ₹254.00
- Day’s Range: ₹255.75 – ₹265.15
- 52-Week Range: ₹247.30 – ₹366.25
- Market Cap: ₹2.46 lakh crore
Disclaimer
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