Deals17 Jul 2026, 08:01 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 establishing an Inter-State Transmission System project. The project involves the installation of two Synchronous Condenser units at Fatehgarh-II PS on a Build, Own, Operate and Transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on July 17, 2026. This win is expected to bolster the company's transmission infrastructure and operational capacity.
Key Highlights
- POWERGRID wins bid for new transmission system project.
- Project involves installing two Synchronous Condenser units.
- Contract awarded on Build, Own, Operate and Transfer (BOOT) basis.
- Letter of Intent received on July 17, 2026.
Price Impact
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