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Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely “Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat-Phase II (7500MW)” on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 1,152.49 crore.
The Letter of Intent (LoI) has been received by PowerGrid on 03 September 2026.
The project comprises establishment of new 765/400kV Lakadia-II Sub-station in the state of Gujarat. Further, the project involves construction of 765kV transmission lines traversing through the state of Gujarat along with the associated equipment and bays. The project also involves installation & commissioning of Synchronous condenser at Lakadia-II Sub-station.
The company has quoted annual transmission charges of Rs 1,152.49 crore. The project will be implemented on a build, own, operate and transfer (BOOT) basis.
The project is aimed at integrating 7.5 GW of renewable power from the Lakadia REZ. It includes the establishment of a new 765/400 kV Lakadia-II substation. It also involves construction of associated 765kV transmission lines, along with the required equipment and bays.
The project further includes the installation and commissioning of synchronous condensers at the Lakadia-II substation.
The Power Grid Corporation of India is a Maharatna CPSU and India’s largest electric power transmission company.
The company had reported 0.89% fall in consolidated net profit to Rs 3598.42 crore even as revenue rose by 2.68% to Rs 11,496.72 crore in Q1 FY27 as compared with Q1 FY26.
The scrip rose 0.79% to currently trade at Rs 267 on the BSE.
Power Grid Corporation of India (PowerGrid) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-5: 6 GW) [Barmer Complex] Barmer-II: 6 GW (Solar) (LCC Configuration)” on Build, Own, Operate and Transfer (BOOT) basis, at quoted Annual Transmission Charges of Rs. 3,244.33 crore.
The Letter of Intent (LoI) has been received by PowerGrid on 02 September 2026.
The Project comprises establishment of 6000 MW, ± 800 kV HVDC terminals at Barmer-II (Rajasthan) & South Kalamb S/s (Maharashtra) along with augmentation of South Kalamb S/s. Further, the project involves construction of ± 800 kV HVDC bipole line between Barmer-II & South Kalamb (~1000 km) traversing through the states of Rajasthan, Gujarat and Maharashtra, and construction of 400kV transmission lines traversing through the state of Rajasthan along with the associated bays. The project also involves installation of two SynCon units at Barmer-II PS along with the associated bays.
GE Vernova T&D India Ltd fell 1.79% today to trade at Rs 4110. The BSE Power index is down 0.49% to quote at 7510.5. The index is down 2.75 % over last one month. Among the other constituents of the index, Hitachi Energy India Ltd decreased 1.47% and Power Grid Corporation of India Ltd lost 0.57% on the day. The BSE Power index went up 14.38 % over last one year compared to the 5.32% fall in benchmark SENSEX.
GE Vernova T&D India Ltd has lost 1.12% over last one month compared to 2.75% fall in BSE Power index and 1.62% rise in the SENSEX. On the BSE, 1135 shares were traded in the counter so far compared with average daily volumes of 58901 shares in the past one month. The stock hit a record high of Rs 5650 on 23 Jun 2026. The stock hit a 52-week low of Rs 2525 on 21 Jan 2026.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely “Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW)” on Build, Own, Operate and Transfer (BOOT) basis, at a discovered tariff of Rs. 822.91 crore per annum. The Letter of Intent (LoI) has been received by POWERGRID on 21 August 2026.
The project involves the establishment of a new GIS substation at Kalyanpur (Gujarat) along with ICT augmentation and bay extension works at under-construction substations in the state of Gujarat and the construction of a 765 kV transmission lines traversing the state of Gujarat.
The project entails transmission line package TL05 for a) Bypassing of Raigarh (Tamnar) - Dharamjaygarh (Sec-B) 765kV D/C line & Raigarh(Kotra) – Raigarh (Tamnar) 765kV D/c line at Raigarh (Tamnar) S/s so as to form Raigarh (Kotra) –Dharamjaygarh (Sec-B) 765kV D/c line b) LILO of Dharamjaygarh (Sec-B) – Jharsuguda (Sec-A) 765kV D/c line at Raigarh (Kotra)-II S/s c) Raigarh (Tamnar)- Raigarh(Kotra)-II S/s 765kV D/c line Associated with WR-ER Inter-Regional Network Expansion Scheme-Part A under TBCB route.
On a year-on-year basis, net profit slipped 0.88%, while revenue from operations increased 2.68%.
Profit before tax (PBT), including regulatory deferral account balances, rose 17.07% QoQ and 7.03% YoY to Rs 4,587.32 crore.
Among business segments, transmission revenue increased 2.19% YoY to Rs 10,929.16 crore, while consultancy revenue jumped 27.79% YoY to Rs 518.73 crore. However, telecom revenue declined 13.02% YoY to Rs 251.77 crore during the quarter.