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.
The company received the Letter of Intent (LoI) on August 21, 2026.
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What does the project involve?
The project involves establishing a new Gas Insulated Substation (GIS) at Kalyanpur, Gujarat, along with Information and Communication Technology (ICT) augmentation and bay extension works at under-construction substations in Gujarat. It will also involve the construction of 765 kV transmission lines traversing the state of Gujarat.
First Quarter 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.
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Consultancy revenue increased to ₹518.73 crore from ₹405.92 crore, while telecom revenue declined to ₹251.77 crore from ₹289.49 crore in the corresponding quarter last year. The company’s total expenses increased to ₹7,111.66 crore in the June quarter from ₹7,114.23 crore a year earlier.
Shares of Power Grid Corporation of India Ltd ended at ₹272.30, up by ₹7.05, or 2.66%, on the BSE.
