In a key development disclosed on May 1, 2025, Power Grid Corporation of India Limited (POWERGRID) informed the stock exchanges about fresh investment approvals amounting to over ₹960 crore. These projects were greenlit during a meeting of the “Committee of Directors on Investment on Projects.”
The approved schemes are designed to enhance India’s power transmission infrastructure, with a specific focus on renewable energy evacuation and regional grid expansion.
The share price of POWEGRID was trading up by 0.13% as of 9:58 AM on May 2, 2025.
Read More: Power Grid Shares in Focus: Secured Major Transmission Project in Andhra Pradesh.
The first project approved is the “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner complex.” This project, crucial for renewable energy transmission, comes at an estimated cost of ₹212.81 crore. It is scheduled to be completed within 18 months from the date of allocation, i.e., by 9th June 2026.
The Bhadla and Bikaner region is a key hub for solar energy in India, and strengthening transmission from this area is expected to support grid stability and accommodate rising clean energy output.
The second initiative under the approved investment list is “Eastern Region Expansion Scheme-43.” With an estimated cost of ₹342.69 crore, this project is set to enhance the transmission infrastructure in eastern India. The expected commissioning timeline is 18 months, or 15 months on a best-effort basis, with a target date of 1st March 2026.
This expansion aims to support the growing energy demand and infrastructure modernisation in the eastern corridor.
A further ₹408.94 crore has been allocated to “Eastern Region Expansion Scheme-44.” Scheduled to be completed by May 24, 2026, this project also targets transmission capacity enhancement in the eastern region, aligned with national plans for grid reliability and energy distribution efficiency.
With a combined project outlay nearing ₹1,000 crore, Power Grid’s commitment to strengthening the national grid continues to reinforce its role as a central player in India’s energy transition journey.
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Published on: May 2, 2025, 2:58 PM IST
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