The company said it received the Letter of Intent (LoI) on July 10, 2026. The project will be implemented on a Build, Own, Operate and Transfer (BOOT) basis. The project includes the establishment of two new 765/400kV substations in Andhra Pradesh.
It also involves the construction of 765kV and 400kV transmission lines traversing Andhra Pradesh, Telangana and Karnataka, along with associated bays.
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Yesterday, Power Grid Corporation of India Ltd said it had been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) process to establish an inter-state transmission system project.
The company received the Letter of Intent (LoI) on July 9, 2026, for the project titled “Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)”.
The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis and includes augmentation and bay extension works at Bhadla-III substation in Rajasthan, Ramgarh substation in Rajasthan, and Kanpur substation in Uttar Pradesh.
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Fourth Quarter Results
Power Grid Corporation of India reported a 9.7% year-on-year rise in consolidated net profit for Q4FY26, at ₹4,546.3 crore, beating the CNBC-TV18 poll estimate of ₹4,451 crore. Net profit stood at ₹4,143 crore in the corresponding quarter last year.
However, revenue from operations declined 5% year-on-year to ₹11,666 crore from ₹12,275 crore and came in below the CNBC-TV18 poll’s projected ₹12,859 crore.
EBITDA fell 11.3% to ₹9,066 crore against ₹10,224 crore a year ago, missing the poll estimate of ₹10,901 crore. EBITDA margin narrowed to 77.7% from 83% in the year-ago quarter and was lower than the estimated 84.28%.
Shares of Power Grid Corporation of India Ltd ended at ₹283.20, up by ₹2.05, or 0.73%, on the BSE.
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