Announced Fri, 17 Jul · 19:54 IST
POWERGRID wins TBCB bid for Synchronous Condensers at Fatehgarh-II PS
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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
+1.1%1-day move
₹283.05
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.1+2.0+2.4+2.0+1.7—————
Up moveDown movePending
AI summary
Power Grid Corporation has been declared the successful bidder under Tariff Based Competitive Bidding for setting up an Inter-State Transmission System. The project involves installing 2 Synchronous Condenser units at the 765/400/220kV Fatehgarh-II PS along with associated bays, on a Build, Own, Operate and Transfer basis. The Letter of Intent was received on 17th July 2026. The order value has not been disclosed in the filing.
Likely market impact
Positive order win strengthens POWERGRID's transmission project pipeline, though the financial size of the bid has not been shared.