Power Grid Corporation of India Limited (POWERGRID) has secured a significant project under the Tariff-Based Competitive Bidding (TBCB) system. The company has been declared the successful bidder to establish the Inter-State Transmission System for the “Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects.” The Letter of Intent (LoI) was awarded to POWERGRID on March 6, 2025.
This crucial infrastructure project will be developed on a Build, Own, Operate, and Transfer (BOOT) basis to enhance renewable energy (RE) integration. The project scope includes:
- Augmentation of transformation capacity at the existing Kurnool-III substation
- Extension works at the existing C’peta substation
- Development of a 765kV Double Circuit (D/C) Transmission Line
The entire project will be executed in Andhra Pradesh, playing a vital role in strengthening the power transmission network and supporting India’s clean energy transition. POWERGRID’s expertise in high-voltage transmission infrastructure ensures efficient and reliable power distribution, reinforcing the country’s renewable energy ambitions.
Power Grid shares closed today at ₹266.35, showing a slight increase from the opening price of ₹265.15. The stock reached a high of ₹267.30 and a low of ₹260.70 during the session. Over the past year, Power Grid’s stock has seen a 52-week high of ₹366.25 and a low of ₹247.30.
