PowerGrid subsidiary commissions Rajasthan solar transmission project

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POWERGRID · price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.4% vs market

Power peers, median of 34sector · industry level-1.6%+1.6% vs sector

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AI summary

PowerGrid wholly owned subsidiary POWERGRID Bhadla Sikar Transmission has fully commissioned a transmission system project to evacuate 8.1 GW of solar power from energy zones in Rajasthan under Phase II Part E. The project was secured through tariff based competitive bidding. Commercial operation date is 14 January 2026, and the DOCO notification was received on 16 January 2026.

Likely market impact

Positive. New transmission asset begins earning tariff revenue, boosting subsidiary income and supporting Rajasthan solar evacuation capacity.