Announced Fri, 10 Jul · 16:37 IST
Power Grid wins TBCB bid for Krishnagiri REZ Phase-I transmission project
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POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹283.70
prior close
₹282.80
base price
After-mkt
timing
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+0.3+0.5+0.7+0.5+0.6-1.1-0.9-0.2+2.0+1.8————
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AI summary
Power Grid has been declared successful bidder under Tariff Based Competitive Bidding for the Transmission System for integration of Krishnagiri REZ Phase-I on BOOT basis. Letter of Intent received on 10 July 2026. The project involves 2 new 765/400kV substations in Andhra Pradesh and 765kV and 400kV transmission lines crossing Andhra Pradesh, Telangana, and Karnataka, aimed at renewable energy evacuation.
Likely market impact
Positive order win strengthens Power Grid's order book and reinforces its dominant position in India's interstate transmission business.