POWERGRID wins TBCB bid for inter-state transmission system project

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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

+0.9%Reaction day

₹281.20

prior close

₹283.10

announcement price

After-mkt

timing

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.

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

+0.9+1.1-0.2+1.1-0.2

Next day

+1.6+1.0+0.6+0.7+0.8

+1.5+0.4+1.1+0.4+1.1

-0.2+0.6-0.8+0.1-0.4

-0.1+0.5-0.5+0.0-0.1

+0.7+1.4-0.7-0.9+1.5

+1.8+1.1+0.7+1.0+0.8

15d

+1.0+2.0-1.0-0.8+1.8

-3.9+3.0-6.9-1.8-2.1

-3.4-1.4-2.0-7.0+3.7

-11.5-6.3-5.2-13.6+2.1

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 successful bidder under Tariff Based Competitive Bidding (TBCB) to establish an Inter-State Transmission System. The project, named Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG), will be executed on Build, Own, Operate and Transfer basis. It involves augmentation and bay extension works at three substations at Bhadla-III in Rajasthan, Ramgarh in Rajasthan, and Kanpur in Uttar Pradesh. Power Grid received the Letter of Intent on 09th July 2026.

Likely market impact

Positive: new TBCB transmission project win strengthens order book and supports steady long-term regulated revenue for the company.