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

Power Grid Corporation of India Ltd (POWERGRID) has secured an interstate transmission project under the Tariff Based Competitive Bidding (TBCB) route, as per the exchange filings.  

The company noted that it has been declared the successful bidder for the project titled "Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)". It received the Letter of Intent (LoI) on 9 July 2026, according to an exchange filing dated July 9, 2026. 

Scope of the Project 

The project involves augmentation and bay extension works at three existing substations. These include Bhadla-III and Ramgarh substations in Rajasthan and the Kanpur substation in Uttar Pradesh.  

The works are part of the interstate transmission system and will be executed under the Build, Own, Operate and Transfer (BOOT) model. 

Award Through Competitive Bidding 

The transmission project has been awarded through the TBCB process, under which developers are selected through competitive bidding.  

POWERGRID will develop, own, operate and maintain the transmission assets in line with the terms of the BOOT framework. The company has not disclosed the financial value of the project or the expected completion timeline. 

Regulatory Filing 

The company informed the NSE and BSE about the development through a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

The disclosure was signed by Company Secretary and Compliance Officer Anjana Luthra. 

Read More: Elecon Engineering Company Share Price Falls Over 3% After Q1 FY27 Earnings Results: Total Income Up 4.9% YoY! 

Power Grid Corporation of India Share Price Performance  

As of 10 July 2026, 1:25 pm, Power Grid Corporation of India Ltd share price was trading at ₹282.95, up 0.57% from the previous closing price. 

Conclusion 

With the receipt of the Letter of Intent, POWERGRID will execute the interstate transmission project under the BOOT framework. The work includes upgrades at three substations forming part of the interstate transmission network. 

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