Power Grid wins inter-state transmission projects; shares trade lower

Power Grid Corporation of India

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26 Aug, 2025 12:21

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Power Grid Corporation of India shares down marginally in the early trade on October 23 despite the company won inter-state transmission project in different states.

At 09:21am, Power Grid Corporation of India was quoting at Rs 320.15, down Rs 2.65, or 0.82 percent, on the BSE.

The company has been declared as the successful bidder to establish inter-state transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex] : Part B on build, own, operate and transfer (BOOT) basis.

The project comprises establishment of new 765/400kV Siwani sub-station along with STATCOM and other equipment, 765kV D/C Transmission Line traversing in the States of Rajasthan and Haryana, various 400kV D/C Transmission Lines traversing through the state of Haryana along with bays extension works for the above lines at other existing substations in the states of Rajasthan and Haryana.

Also, the company received Letter of Intent (LoI) to establish inter-state transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex] : Part A on BOOT basis.

The project comprises establishment of new 765/400/220kV Bikaner IV Pooling substation along with STATCOM and other equipment, 765kV D/C Transmission Line traversing in the states of Rajasthan and Haryana, various 400kV D/C Transmission Lines traversing through the States of Rajasthan, Punjab and Haryana along with bays extension works for the above lines at other existing substations in the State of Haryana and Punjab.

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The committee of directors for bonds of the company in their meeting approved the raising of bonds as unsecured, non-convertible, bon-cumulative, redeemable, taxable,POWERGRID Bonds - LXXIX (79th) issue upto Rs 5,000 crore on private placement basis.

Last week, the company acquired project-specific SPVs Jam Khambhaliya Transmission Ltd (JKTL) and South Olpad Transmission Ltd (SOTL) through a tariff-based competitive bidding process from bid process coordinator PFC Consulting Ltd (PFCCL).