Announced Tue, 16 Jun · 23:21 IST
POWERGRID wins WR-ER transmission expansion project under TBCB
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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
+1.4%1-day move
₹285.15
prior close
₹286.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.5-0.4-0.4+1.4+2.6+1.7+2.6+2.0+0.5-1.4-0.7——
Up moveDown movePending
AI summary
Power Grid Corporation has been declared successful bidder under Tariff Based Competitive Bidding for the WR-ER Inter-Regional Network Expansion Scheme Part-A on Build, Own, Operate and Transfer basis. The project includes 2 new 765/400kV substations in Jharkhand and Chhattisgarh, extension of existing substations in Chhattisgarh and West Bengal, and 765kV and 400kV transmission lines through Jharkhand, Chhattisgarh and Odisha. Letter of Intent received on 16 June 2026.
Likely market impact
Positive for order book; reinforces POWERGRID's dominant position in inter-state transmission build-out.