POWERGRID wins Maharashtra transmission project under TBCB

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

-0.2%Reaction day

₹294.30

prior close

₹294.45

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.3% vs market

Power peers, median of 36sector · industry level-1.0%+0.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty 100 and 0.7 pts more 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

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Sessions after the filingfrom the prior close

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Reaction day

-0.2-0.5+0.3-1.0+0.7

Next day

-2.3-1.9-0.5-3.0+0.6

+2.2-1.0+3.3-2.1+4.3

+2.0-0.8+2.9-2.6+4.6

+1.8-0.4+2.2-1.9+3.7

-0.3-1.9+1.6-3.8+3.6

+2.9-0.9+3.7-4.4+7.3

15d

+1.9-5.5+7.4-9.1+11.1

+3.3-8.3+11.6-6.2+9.5

+2.0-7.5+9.5-0.2+2.2

+4.1-8.6+12.8+7.9-3.7

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

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

AI summary

POWERGRID has been declared the successful bidder under Tariff Based Competitive Bidding to establish an Intra-State Transmission System in Maharashtra. The project, named Network Expansion scheme for removal of transmission constraints in Pune Region-I, involves a 765/400 kV AIS substation in Ahilyanagar District, 765kV and 400kV transmission lines, and bay extension works, on a Build Own Operate Transfer basis. Letter of Intent received on 11 February 2026. No order value was disclosed in the filing.

Likely market impact

Positive - new TBCB order strengthens POWERGRID's transmission order book and future revenue pipeline, though absence of value limits quantification.