India’s Largest Electric Power Transmission Company Approves Two Infrastructure Projects Worth Over Rs 705 Crore

Power Grid Corporation of India Limited (POWERGRID) has approved two major infrastructure projects with a combined estimated cost of Rs 705.51 crore (approximately USD 85.3 million). The approvals were granted by the 'Committee of Directors on Investment on Projects' in a meeting held today, with the aim of enhancing communication systems and strengthening disaster preparedness across the nation's transmission network.

The first project involves the implementation of a Pan-India Voice Over Internet Protocol (VOIP) communication system for grid operations. With an estimated cost of Rs 209.68 crore (around USD 25.4 million), the project will cover all five regions: Northern, North-Eastern, Southern, Western, and Eastern. The system is expected to be commissioned within 18 months from the project allocation date, with a target completion by 23 August 2026.

The second project focuses on disaster preparedness and emergency restoration of transmission infrastructure. Under this initiative, POWERGRID will procure 20 sets, totaling 300 towers, of Emergency Restoration Systems (ERS) under the "Make in India" program. The project cost is estimated at Rs 495.83 crore (approximately USD 60 million) and is scheduled for completion by 19 April 2027.

These projects are part of POWERGRID’s ongoing efforts to strengthen grid reliability, improve communication efficiency, and enhance the resilience of transmission infrastructure in the event of emergencies.

About Company

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.

The company moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions. It is under the administrative control of the Ministry of Power, GoI.

PGCIL also executes several strategically important projects, assigned to the company by GoI on nomination basis. Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.

The company has a market cap of over Rs 2.6 lakh crore. The stock is up by 14 per cent from its 52-week low and has given multibagger returns of 193 per cent in the last 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.