Announced Thu, 9 Jul · 17:31 IST
POWERGRID wins TBCB bid for inter-state transmission augmentation 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
+1.6%1-day move
₹281.20
prior close
₹283.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.3-0.2-0.2+1.6+1.5-0.2-0.1+0.7+1.8————
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AI summary
Power Grid Corporation has been declared the successful bidder under Tariff Based Competitive Bidding to build an inter-state transmission project for augmentation works at Bhadla-III and Ramgarh substations in Rajasthan and Kanpur substation in Uttar Pradesh. The project will be executed on Build, Own, Operate and Transfer basis and the Letter of Intent was received on 9th July 2026. Financial details of the order were not disclosed in the filing.
Likely market impact
Positive order win strengthens POWERGRID's inter-state transmission portfolio, though no project value was disclosed to gauge revenue impact.