Rs 1,48,644 Crore Work Order in Hand: Power Transmission Company is Declared as Successful Bidder Under Tariff-Based Competitive Bidding
DSIJ Intelligence-1 / 18 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 17 per cent from its 52-week low of Rs 247.50 per share and a whopping 205 per cent in 5 years.
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an Inter-State Transmission System (ISTS) project. The company secured the project under the Tariff-Based Competitive Bidding (TBCB) process, receiving the Letter of Intent (LoI) on September 16, 2025. This project, known as "Inter-regional (NR-WR) Transmission System strengthening to relieve the loading of 765 kV Vindhyachal-Varanasi D/c line," will be executed on a Build, Own, Operate and Transfer (BOOT) basis. The primary objective is to strengthen the transmission system to reduce the load on the existing 765 kV Vindhyachal-Varanasi double-circuit line.
The scope of the project includes the establishment of a new 765 kV Sub-Station at Prayagraj in Uttar Pradesh. Additionally, it involves the construction of 765 kV double-circuit transmission lines that will span across the states of Uttar Pradesh and Madhya Pradesh. This new infrastructure will play a crucial role in enhancing the stability and capacity of the inter-regional power transmission network between India's Northern and Western regions.
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About the Company
As India's largest electric power transmission company, Power Grid Corporation of India Limited (PGCIL) is a Maharatna Central Public Sector Undertaking (CPSU) that plays a critical role in the nation's power infrastructure. Incorporated in 1989, PGCIL's primary function is to establish and maintain a robust network of extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.
The company is responsible for the large-scale movement of power from surplus generation areas to high-demand load centres, operating under the administrative control of the Ministry of Power, with the Government of India holding a majority stake of 51.34 per cent as of June 2025. Beyond its core function of planning, implementing, and maintaining the Inter-State Transmission System (ISTS), PGCIL is also involved in providing telecom and consultancy services and undertakes strategically important projects assigned directly by the government.
The company have a market cap of Rs 2.67 lakh crore and has been maintaining a healthy dividend payout of 63 per cent. The stock is up by 17 per cent from its 52-week low of Rs 247.50 per share and a whopping 205 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.