Power Grid Share Price in Focus; Declared as Successful Bidder under TBCB

Power Grid Corporation of India Ltd (POWERGRID) announced it has been declared the successful bidder for an inter-state transmission project in Gujarat. The company received the Letter of Intent (LoI) on 21 August 2026 and disclosed it to the stock exchanges on the same day. 

The project was secured through competitive bidding under the Tariff Based Competitive Bidding (TBCB) mechanism and will be implemented under the BOOT model. 

Project Linked to Jam Khambhaliya and Jamnagar 

The transmission system will connect renewable energy projects in the Jam Khambhaliya Renewable Energy Zone (REZ) and Jamnagar. Jam Khambhaliya REZ Phase II has a capacity of 5,500 MW. 

Jamnagar Phase I has a capacity of 1,000 MW. The two projects together account for 6,500 MW of renewable energy capacity covered under the transmission scheme. 

Annual Tariff of ₹822.91 Crore 

The discovered tariff for the project is ₹822.91 crore per annum. POWERGRID will establish the inter-state transmission system for integrating power from the renewable energy projects covered under the scheme. 

The company disclosed the development in an exchange filing dated 21 August 2026. The LoI confirming the award was received on the same day. 

Substation Work and Transmission Lines 

The project includes the construction of a new GIS substation at Kalyanpur in Gujarat. It will also involve ICT augmentation and bay extension work at substations that are currently under construction in the state. 

The scope further includes the construction of 765 kV transmission lines across Gujarat. The lines and substation-related work form part of the transmission system planned for the project. 

Read More: NTPC Green Energy Share Price Surges as Subsidiary NTPC REL Secures 500 MW Capacity in SECI Tender! 

Power Grid Corporation of India Share Price Performance  

As of August 24, 2026, 11:16 am, Power Grid Corporation of India Ltd share price was trading at ₹269.80, down 0.95% from the previous closing price. 

Conclusion 

POWERGRID has received the LoI for the Gujarat transmission project covering renewable energy capacity of 6,500 MW. The project, awarded at a tariff of ₹822.91 crore per annum, includes a new substation, upgrades at other substations and 765 kV transmission lines. 

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