Power Grid Secures WR-ER Inter-Regional Network Expansion Scheme Part-A Project

Power Grid share price is in focus on June 17, 2026, after the company announced that it has emerged as the successful bidder for the WR-ER Inter-Regional Network Expansion Scheme Part-A under the Tariff Based Competitive Bidding process. The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis following the receipt of the Letter of Intent on June 16, 2026. 

Power Grid Wins WR-ER Inter-Regional Network Expansion Project 

Power Grid Corporation of India Limited announced that it has been declared the successful bidder for the WR-ER Inter-Regional Network Expansion Scheme Part-A under the Tariff Based Competitive Bidding mechanism. 

The company received the Letter of Intent (LoI) for the project on June 16, 2026. The transmission project will be implemented on a Build, Own, Operate, and Transfer (BOOT) basis. 

The project includes the establishment of 2 new 765/400 kV substations in Jharkhand and Chhattisgarh. It also involves the extension of existing substations in Chhattisgarh and West Bengal along with the construction of 765 kV and 400 kV transmission lines passing through Jharkhand, Chhattisgarh, and Odisha. 

Read More: TCS Share Price Surges on Partnering with Tottenham Hotspur for Digital Transformation 

Board Approves ₹485.04 Crore SCADA Upgradation 

Earlier, the board approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated investment of ₹485.04 crore. 

The company also approved availing an unsecured term loan facility of ¥80 billion from the Japan Bank for International Cooperation (JBIC) and participating financial institutions to support its financing requirements. 

In addition, the board approved the appointment of Smt. Anjana Luthra as Company Secretary and Compliance Officer with immediate effect from June 10, 2026. It also approved the appointment of Shri Venkata Subrahamanayam Vallurie as Chief Financial Officer (CFO) with effect from July 1, 2026. 

Power Grid Share Price Performance 

As of 10:00 AM on June 17, 2026, Power Grid share price was trading at ₹284.70, down ₹0.45 or 0.16%, compared with the previous closing price. 

Conclusion 

Power Grid has secured the WR-ER Inter-Regional Network Expansion Scheme Part-A project through the Tariff Based Competitive Bidding process. Separately, the company's recently approved investments, financing arrangements, and key management appointments remain among its recent corporate developments. 

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