POWERGRID wins TBCB bid for inter-state transmission augmentation project

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

+0.9%Reaction day

₹281.20

prior close

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announcement price

After-mkt

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Nifty 100market+1.1%-0.2% vs market

Power peers, median of 35sector · industry level+1.1%-0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.2 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty 100Sector · Power peers, median of 35Pending

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

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.