Power Grid Corporation of India Limited has secured another interstate transmission project after emerging as the successful bidder under the Tariff Based Competitive Bidding (TBCB) mechanism, as per the exchange filings.
The company has received the Letter of Intent (LoI) for the Transmission System for Integration of Krishnagiri REZ Phase-I, which will be executed on a Build, Own, Operate and Transfer (BOOT) basis.
POWERGRID has been selected as the successful bidder for establishing the interstate transmission system required for integrating Krishnagiri Renewable Energy Zone (REZ) Phase-I.
The company received the Letter of Intent on July 10, 2026, marking the formal award of the project under the competitive bidding framework.
The project involves the establishment of 2 new 765/400 kV substations in Andhra Pradesh.
It also includes the construction of 765 kV and 400 kV transmission lines traversing Andhra Pradesh, Telangana and Karnataka, along with associated transmission bays required for the evacuation of renewable energy.
The transmission system is aimed at facilitating the integration of renewable energy generated from the Krishnagiri Renewable Energy Zone Phase-I into the national grid.
The project is expected to strengthen interstate transmission infrastructure and support the evacuation of renewable power from upcoming clean energy projects in southern India.
The project will be implemented under the Build, Own, Operate and Transfer (BOOT) model.
Under this framework, POWERGRID will develop, own and operate the transmission assets before transferring them in accordance with the terms of the concession.
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As of 13 July 2026, at 11:25 AM, Power Grid share price was trading at ₹284.30 per share, reflecting a surge of 0.42% from the previous trading session.
POWERGRID has strengthened its transmission project portfolio after winning the Krishnagiri REZ Phase-I interstate transmission project under the TBCB route. The project will expand the transmission network across three southern states.
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Published on: Jul 13, 2026, 3:43 PM IST
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