Power Grid, a major player in India’s power transmission sector, recently won a competitive bid for a transmission strengthening project in Davanagere, Karnataka. This project was awarded under the Tariff-Based Competitive Bidding (TBCB) process and will be carried out on a Build, Own, Operate, and Transfer (BOOT) basis. The company has officially received the Letter of Intent (LoI) to begin work. At 1:27 PM, Power Grid share price was down 1.02% and was trading at ₹277.05.
The project involves important upgrades to an under-construction sub-station in Davanagere. These upgrades aim to enhance the local transmission system, which will support the integration of renewable energy sources like solar and wind into the grid. This means that more clean energy generated in the region can be efficiently transmitted to meet demand.
This transmission strengthening effort is part of a broader plan to improve India’s renewable energy capacity. As more renewable energy projects come online, the power grid needs to be stronger and more reliable to handle the increased electricity flow. The Davanagere project will help stabilise the grid and reduce power losses, making it easier to use clean energy.
By winning this project, POWERGRID shows its expertise and competitive strength in the power transmission sector. The company’s ability to secure projects through the competitive bidding process demonstrates its technical skill and leadership. This project will help POWERGRID continue its mission to improve India’s power infrastructure and support the country’s clean energy goals.
The Davanagere project is expected to play a key role in increasing Karnataka’s renewable energy capacity. It will enable better flow and management of electricity generated from renewable sources, supporting India’s goal to increase the share of clean energy in its overall power mix.
Read more: Waaree Energies Subsidiary Secures 452MW Solar Module Order in the US.
POWERGRID’s success in securing the transmission project in Karnataka is a positive step toward strengthening India’s power grid. The project will enhance the integration of renewable energy, making the power system more reliable and sustainable. As India moves toward a cleaner energy future, projects like this will be crucial for balancing growth with environmental responsibility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Aug 28, 2025, 1:29 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
