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Power Grid Secures 3 Inter State Transmission Projects Under BOOT Model

Written by: Team Angel OneUpdated on: Mar 5, 2025, 2:01 PM IST
Power Grid Corporation of India Ltd won bids for 3 interstate transmission projects under the BOOT model, securing the LoI on March 3, 2025, via TBCB.
Power Grid Secures 3 Inter State Transmission Projects Under BOOT Model
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Power Grid Corporation of India Ltd (POWERGRID) has been awarded 3 interstate transmission system (ISTS) projects under the Build, Own, Operate, and Transfer (BOOT) model. The company received the Letter of Intent (LoI) for these projects on March 3, 2025, through tariff-based competitive bidding (TBCB).

As of March 5, 2025, at 9:45 AM, Power Grid Corporation of India Ltd was trading at ₹258.75, up ₹4.75 (1.87%) for the day, while it has declined 9.27% in the past month and 12.29% over the past year.

Transmission System for Rajasthan REZ

The first project involves setting up a transmission system for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase-V (Part-1: 4 GW). This includes augmenting the transformation capacity at the under-construction Sirohi substation in Rajasthan and developing 765kV double-circuit transmission lines across Rajasthan and Madhya Pradesh.

Augmentation of Transformation Capacity in Gujarat

The second project focuses on increasing the transformation capacity at Banaskantha (Raghanesda) Power Station (GIS) in Gujarat. The project includes ICT augmentation works at the existing substation to support power transmission in the region.

Transmission System for Kurnool-IV REZ

The third project involves the integration of Kurnool-IV REZ Phase-I (4.5 GW). It includes the establishment of a new 765/400/220kV pooling substation in Kurnool, Andhra Pradesh, augmentation of transformation capacity at the existing C’peta substation, and the development of 765kV and 400kV double-circuit transmission lines across Andhra Pradesh and Karnataka.

Q3 FY25 Financial Performance

For the third quarter ending December 31, 2024, Power Grid reported a 4.1% decline in net profit at ₹3,861.6 crore, compared to ₹4,028.3 crore in Q3 FY24.

Revenue from operations fell 3% to ₹11,233 crore, from ₹11,579.8 crore in the same period last year. EBITDA declined 6.9% year-on-year, reaching ₹9,537.9 crore from ₹10,242.9 crore in Q3 FY24.

Conclusion

Power Grid Corporation of India Ltd has secured three interstate transmission projects under the BOOT model, expanding its network across multiple states. The company’s Q3 FY25 results showed a drop in net profit and revenue, while its stock saw slight movement.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 5, 2025, 2:01 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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