POWERGRID wins Lakadia REZ Phase-II transmission project

Government or defence orderBusiness Updates View source PDF Explain this filing

POWERGRID · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹266.35

prior close

₹266.90

announcement price

After-mkt

timing

Nifty 100market+0.0%-0.3% vs market

Power peers, median of 36sector · industry level+0.8%-1.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 1.1 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

-0.4

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+0.0-0.3+0.8-1.1

Next day

+0.2-0.4+0.6+0.0+0.2

-0.2-0.8+0.6+0.1-0.3

-0.2-1.6+1.4+0.5-0.7

+2.0-1.5+3.5-0.1+2.1

+1.0-1.9+2.9-0.7+1.8

-0.8-2.9+2.1-2.0+1.2

15d

-1.7-4.4+2.7-4.0+2.3

-3.5-5.5+2.0-4.4+0.9

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UpDownMarket · Nifty 100Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Power Grid Corp has been declared the successful bidder for a Tariff Based Competitive Bidding (TBCB) transmission project to integrate 7,500 MW of renewable energy from the Lakadia Renewable Energy Zone in Gujarat, Phase II. The project on a Build, Own, Operate and Transfer basis involves a new 765/400kV Lakadia-II sub-station, 765kV transmission lines, and a synchronous condenser. Annual transmission charges quoted are Rs. 1,152.49 crore. Letter of Intent received on 03 September 2026.

Likely market impact

Strengthens Power Grid's transmission order book with a new long-term recurring revenue stream supporting earnings visibility.