Rs 1,45,513 Crore Work Order in Hand: Power Transmission Company declared as successful bidder under TBCB
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The stock is up by 19.6 per cent from its 52-week low of Rs 247.50 per share and a whopping 150 per cent in 5 years.
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an intra-state transmission project in Maharashtra, following a Tariff-Based Competitive Bidding (TBCB) process. Formally announced under SEBI’s Regulation 30, the project is designed to eliminate transmission constraints within the Pune Region-I. This expansion involves the establishment of an AIS Substation in the Ahilyanagar district and the Construction of both 765kV and 400kV transmission lines. POWERGRID received the Letter of Intent (LoI) on February 11, 2026, marking the official commencement of the development phase.
The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis, encompassing both new infrastructure and critical upgrades to existing facilities. Beyond the primary substation and lines, the scope includes extensive bay extension works at various existing substations throughout Maharashtra to ensure seamless integration into the state’s energy grid. This strategic expansion is intended to bolster regional power stability and enhance the overall capacity of the transmission network to meet growing electrical demands in the Pune sector.
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 with Rs 1,45,513 crore work order in hand. The stock is up by 19.6 per cent from its 52-week low of Rs 247.50 per share and a whopping 150 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.