The company received the Letter of Intent (LoI) on June 12, 2026. The project is titled “Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I)” and will be developed on a Build, Own, Operate and Transfer (BOOT) basis.
The scope of the project includes the establishment of a new 765/400 kV GIS sub-station along with STATCOM and 765 kV transmission line works in Andhra Pradesh. Power Grid Corporation of India said it has been declared a successful bidder under the tariff-based competitive bidding process for the project.
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Last month, Power Grid Corporation of India said it had acquired Tumkur II RE Transmission Ltd (TRETL) on May 29, 2026, after emerging as the successful bidder under the tariff-based competitive bidding (TBCB) process.
The acquisition was completed through the bid process coordinator, PFC Consulting Ltd (PFCCL), under the build, own, operate and transfer (BOOT) model. Tumkur II RE Transmission Ltd has been established for implementing transmission system strengthening at Tumkur-II for the integration of additional RE potential (2.7 GW) in Karnataka.
The project involves a 400 kV D/c transmission line in Karnataka along with augmentation works, including ICTs and line bays at Tumkur-II pooling station.
Power Grid Corporation of India stated that Tumkur II RE Transmission was incorporated on September 24, 2025, by the Bid Process Coordinator as per the Ministry of Power guidelines for competitive transmission development and tariff-based bidding framework.
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The acquisition value is about ₹15.46 crore, which includes 10,000 equity shares acquired at par value of ₹10 each, along with the assets and liabilities of TRETL as on the acquisition date of May 29, 2026. The price is subject to adjustment based on audited accounts as of the acquisition date.
Shares of Power Grid Corporation of India Ltd ended at ₹285.00, down by ₹1.65, or 0.58%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jun 12, 2026 7:45 PM IST
