Power Grid Share Price in Focus as Board Approves ₹1,226.93 Crore Investment for Bhadrawati HVDC Refurbishment

Power Grid's Board of Directors has approved a significant investment aimed at refurbishing the Bhadrawati HVDC system. This decision aligns with the company's strategic objectives to enhance infrastructure. 

Details of the Investment Approval 

On December 17, 2025, Power Grid's Board of Directors sanctioned an investment of ₹1,226.93 crore for the refurbishment of the Bhadrawati (Chandarpur) HVDC (2 X 500 MW) back-to-back system.  

This project falls under the Additional Capital Expenditure 2024-29 Tariff Block and is set to be completed within 36 months from the date of award. 

The refurbishment aims to bolster the efficiency and reliability of the HVDC system, which plays a crucial role in the region's power transmission network. The investment reflects POWERGRID's commitment to maintaining and upgrading its infrastructure to meet growing energy demands. 

Commissioning of Western Region Expansion Scheme 

In addition to the investment approval, POWERGRID successfully commissioned the Western Region Expansion Scheme - XXV (WRES-XXV) on November 12, 2025. The confirmation for the Notification for Commercial Operation (DOCO) was received on December 17, 2025. 

This commissioning marks a significant milestone in POWERGRID's expansion efforts, enhancing the capacity and efficiency of the power transmission network in the western region. 

Implementation Timeline and Strategic Importance 

The refurbishment project is scheduled for completion within 36 months, ensuring timely upgrades to the HVDC system. This strategic initiative is expected to improve the system's operational efficiency and reliability, aligning with POWERGRID's long-term goals. 

Read More: Power Grid Wins Inter-Regional Transmission Project Under TBCB Route! 

Power Grid Corporation of India Share Price Performance 

As of December 17, 2025, at 2:10 PM, Power Grid Corporation of India share price on NSE was trading at ₹261.40 up by 0.40% from the previous closing price. 

Conclusion 

POWERGRID's board approval for the ₹1,226.93 crore investment in the Bhadrawati HVDC refurbishment underscores the company's dedication to infrastructure enhancement. The successful commissioning of WRES-XXV further highlights POWERGRID's commitment to expanding and improving its transmission capabilities. 

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