Power Grid Shares in Focus: Secured Major Transmission Project in Andhra Pradesh

Power Grid Corporation of India Ltd, a state-owned company, has been awarded the contract for a significant transmission project under Tariff-Based Competitive Bidding (TBCB). The project, titled Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects, was announced on March 6, 2025.

This ambitious project will be developed under the Build, Own, Operate, and Transfer (BOOT) model. It includes the augmentation of transformation capacity at the existing Kurnool-III substation, along with extension works at the C’peta substation.

Additionally, a 765kV double-circuit transmission line will be established, all located in the state of Andhra Pradesh. The aim is to strengthen the transmission network in the region to accommodate an increase in renewable energy (RE) generation capacity.

Scope of the Project

• Augmentation of transformation capacity at the Kurnool-III substation
• The extension works at the C’peta substation
• Establishment of a 765kV double-circuit transmission line

This project marks another milestone for Powergrid in enhancing the energy infrastructure in Andhra Pradesh, a state that is rapidly expanding its renewable energy capabilities. By strengthening the transmission system, the initiative will ensure more stable and efficient integration of renewable energy into the grid, supporting India’s clean energy goals.

Powergrid Q3FY25 Performance

On a separate note, Power Grid Corporation of India recently reported a 4.1% decline in its net profit for the third quarter of the fiscal year, which ended on December 31, 2024. The company’s net profit for the quarter stood at ₹3,861.6 crore, down from ₹4,028.3 crore during the same period last year.

Moreover, the company’s revenue from operations also saw a decrease of 3%, reaching ₹11,233 crore, compared to ₹11,579.8 crore in the corresponding quarter of the previous fiscal year. Despite the dip in profits and revenue, the company continues to play a pivotal role in India’s energy sector, particularly in its focus on expanding the country’s transmission infrastructure to support the increasing demand for renewable energy.

Conclusion

As Power Grid Corporation of India continues to strengthen and expand its transmission network, the latest project in Andhra Pradesh further solidifies its position as a critical player in India’s energy future.

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