Power Grid Corporation of India (POWERGRID) has been declared the successful bidder for an intra-state transmission system project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) route, at quoted annual transmission charges of ₹199.55 crore.
The company received the letter of intent (LoI) on October 16, 2026, according to a regulatory filing.
The project, titled “Establishment of 765kV GIS Pune West (District – Pune)”, will be developed on a Build, Own, Operate and Transfer (BOOT) basis.
It involves setting up a new 765/400 kV gas-insulated switchgear (GIS) substation at Pune West in Maharashtra, along with the construction of 765kV and 400kV transmission lines across the state and associated bays.
With this project, Power Grid has secured 10 transmission system projects under TBCB in FY 2026-27 so far, with cumulative annual transmission charges of ₹7,863.63 crore.
Earlier on August 21 in a separate development, the firm had inform that it has been declared the successful bidder under Tariff Based Competitive Bidding (TBCB) to establish an inter-state transmission system for renewable energy projects in Gujarat at a discovered tariff of ₹822.91 crore per annum.
The project, titled “Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat – Phase II (5,500 MW) and Jamnagar Phase-I (1,000 MW)”, will be developed on a Build, Own, Operate and Transfer (BOOT) basis.
PowerGrid results
The state-run company’s profit for the period stood at ₹3,598.42 crore for the quarter ended June 30, down 0.9% from ₹3,630.58 crore in the corresponding period last year. However, its revenue from operations rose 2.7% year-on-year to ₹11,496.72 crore, compared with ₹11,196.22 crore in the year-ago quarter.
Segment-wise, the central public sector undertaking said that the transmission business, the company’s largest segment, reported revenue of ₹10,929.16 crore in the June quarter, up from ₹10,694.66 crore a year ago.
Power Grid shares closed 0.24% higher at ₹250.45 on the NSE on Friday.
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