Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) route for a new inter-state transmission project. The project is titled 'Transmission system strengthening at Davanagere for Integration of RE (Renewable Energy) generation' and will be executed on a Build, Own, Operate and Transfer (BOOT) basis. It involves augmentation works at the under-construction Davanagere sub-station in Karnataka. The Letter of Intent (LoI) was received by POWERGRID on 27th August 2025. The specific contract value has not been disclosed in the filing.
This new transmission project win supports POWERGRID's order book growth and aligns with India's push to integrate renewable energy into the grid. Positive for the company's transmission infrastructure business, though impact magnitude depends on the undisclosed contract value.