Power Grid Share Price in Focus; Wins TBCB Bid for Uttar Pradesh Pumped Storage Evacuation Project

Power Grid Corporation of India Ltd announced that it has emerged as the successful bidder under TBCB to establish an Inter-State Transmission System (ISTS) for evacuating power from pumped storage projects in Sonbhadra district, Uttar Pradesh.

The company confirmed receiving the Letter of Intent (LoI) on September 4, 2025. The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis.

Power Grid Project Highlights

• Project Name: Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh
• Scope of Work:
• Establishment of a new 765/400kV pooling sub-station
• Bay extension works at other upcoming substations
• Construction of 765kV transmission line works across Uttar Pradesh
• Model: Tariff-Based Competitive Bidding (TBCB) – BOOT basis

Strategic Importance of the Power Grid Project Win

The project will significantly enhance power evacuation capacity in Uttar Pradesh, supporting renewable energy integration and improving grid reliability. Pumped storage projects are emerging as a critical component of India’s clean energy push, offering large-scale storage and balancing solutions for renewable heavy grids.

With this win, Power Grid strengthens its position as the leading transmission utility in India, continuing its focus on building critical infrastructure for the country’s evolving power sector.

Power Grid Corporation Share Price Performance

Power Grid Corporation of India Ltd shares were trading at ₹284.45, up 0.94% (+₹2.65) at 9:45 AM on the NSE from the previous close of ₹281.80. The stock opened at ₹282.35 and touched an intraday high of ₹284.95, with a VWAP of ₹284.16, reflecting positive market sentiment following the company’s latest project win in Uttar Pradesh.

Read More: Power Grid Corporation Wins Karnataka Transmission Project to Boost Renewable Energy.

Conclusion

The Sonbhadra transmission project marks another milestone for POWERGRID, reflecting its ability to secure and execute large-scale transmission projects under competitive bidding. The development is expected to improve energy evacuation infrastructure in Uttar Pradesh and contribute to the state’s and India’s long term renewable energy goals.

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