POWERGRID wins Rs 3,244 Cr TBCB transmission bid for Rajasthan solar project

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

POWERGRID · price

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

-0.5%Reaction day

₹267.80

prior close

₹269.90

announcement price

After-mkt

timing

Nifty 100market-0.1%-0.4% vs market

Power peers, median of 36sector · industry level+0.2%-0.8% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.8 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

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10m

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15m

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30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.1-0.4+0.2-0.8

Next day

-0.8-0.1-0.7+0.9-1.7

-0.3-0.6+0.2+0.4-0.7

-0.8-0.9+0.2+0.1-0.8

-0.7-1.7+0.9+1.2-1.9

+1.5-1.6+3.1-0.1+1.5

-1.9-3.4+1.5-2.3+0.5

15d

+0.6-2.9+3.6-1.8+2.5

-4.0-5.6+1.5-3.1-0.9

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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

POWERGRID has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) to build a transmission system for evacuating 6 GW solar power from Barmer-II, Rajasthan. The project on a BOOT basis carries quoted annual transmission charges of Rs 3,244.33 crore. It includes 6,000 MW HVDC terminals at Barmer-II and South Kalamb in Maharashtra, about 1,000 km of HVDC line through Rajasthan, Gujarat and Maharashtra, 400kV lines in Rajasthan, and two SynCon units.

Likely market impact

Positive - sizeable new order strengthens POWERGRID's project pipeline and its position in the renewables evacuation segment.