POWERGRID wins TBCB bid for Synchronous Condensers at Fatehgarh-II PS

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POWERGRID · price

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

+2.2%Reaction day

₹283.05

prior close

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announcement price

After-mkt

timing

Nifty 100market-0.2%+2.4% vs market

Power peers, median of 36sector · industry level+0.3%+1.9% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty 100 and 1.9 pts more 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

StockMarketvs marketSectorvs sector

Reaction day

+2.2-0.2+2.4+0.3+1.9

Next day

+1.1-0.3+1.4+0.4+0.7

+2.0-1.0+3.0-0.5+2.5

+2.4-1.6+4.0-1.1+3.6

+2.0-1.9+3.9-0.5+2.5

+1.7-0.9+2.7-0.4+2.1

+0.1-0.1+0.2-0.8+0.9

15d

-4.6+1.6-6.2-1.3-3.2

-6.4+0.3-6.7-3.9-2.6

-5.7-3.0-2.6-6.6+0.9

-10.9-6.2-4.7-13.8+2.9

UpDownMarket · Nifty 100Sector · Power peers, median of 36Pending

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 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.