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