POWERGRID wins transmission project in Gujarat via TBCB

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POWERGRID · price

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

-0.6%Reaction day

₹272.40

prior close

₹274.00

announcement price

After-mkt

timing

Nifty 100market-0.1%-0.5% vs market

Power peers, median of 37sector · industry level-0.1%-0.6% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty 100 and 0.6 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

Stock

-1.1

10m

-0.9

15m

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30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.1-0.5-0.1-0.6

Next day

-0.6+0.4-1.0+0.1-0.7

-2.3-0.0-2.3-0.2-2.1

-2.4-0.5-1.9-0.5-1.9

-2.3-0.2-2.1-0.9-1.3

-3.2-0.6-2.6-3.0-0.2

-1.7-1.4-0.3-2.4+0.7

15d

-3.5-4.7+1.2-3.4-0.1

-1.6-4.6+3.0-3.1+1.5

-9.3-6.9-2.4-13.3+3.9

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UpDownMarket · Nifty 100Sector · Power peers, median of 37Pending

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

AI summary

POWERGRID declared successful bidder under TBCB for an inter-state transmission system in Gujarat. The project integrates renewable energy from Jam Khambhaliya REZ Phase II (5500MW) and Jamnagar Phase I (1000MW) on BOOT basis. Annual tariff is Rs. 822.91 crore. Scope includes a new GIS substation at Kalyanpur, ICT augmentation, bay extensions, and 765 kV transmission lines across Gujarat.

Likely market impact

Adds a new recurring revenue stream via annual tariff over the project life, strengthening POWERGRID's transmission order book.