StockWatch
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Power - Transmission
Deals9 Jul 2026, 05:30 pm

Power Grid declared successful bidder for transmission project

AI Summary

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an Inter-State Transmission System project. The project, awarded on a Build, Own, Operate and Transfer (BOOT) basis, involves augmentation and bay extension works at substations in Rajasthan (Bhadla-III, Ramgarh) and Uttar Pradesh (Kanpur). POWERGRID received the Letter of Intent (LoI) on July 9, 2026. This win is expected to strengthen POWERGRID's transmission infrastructure network.

Key Highlights

  • POWERGRID wins bid for new Inter-State Transmission System project.
  • Project involves augmentation and bay extension works.
  • Awarded on a Build, Own, Operate and Transfer (BOOT) basis.
  • Letter of Intent received on July 9, 2026.
  • Strengthens company's transmission infrastructure.