PowerGrid Corporation Share Price in Focus; Declared as Successful Bidder Under TBCB

Power Grid Corporation of India Ltd has emerged as the successful bidder for an intra-state transmission project in Maharashtra under the tariff-based competitive bidding (TBCB) route. The company said it received the Letter of Intent on February 11, 2026.  

Project Name and Structure 

The project is titled Network Expansion Scheme in Maharashtra for Removal of Transmission Constraints in Pune Region-I (765/400 kV AIS Pune East). It will be implemented on a Build, Own, Operate and Transfer (BOOT) basis, a model used for transmission projects awarded through competitive bidding.  

Under this structure, the developer builds and operates the asset for a fixed period before transferring it to the designated utility. Such projects are awarded based on the tariffs quoted by bidders. 

Key Components 

The scheme involves setting up a new air-insulated switchgear (AIS) substation in Ahilyanagar district. It also includes the construction of 765 kV and 400 kV transmission lines within the state. Bay extension works are planned at existing substations as part of the project.  

The infrastructure is centred around the Pune East node, which is expected to act as a key point in the regional grid once the project is completed. 

Purpose of the Project 

The network expansion for addressing transmission constraints in Pune Region-I. The area has seen growing electricity demand due to industrial activity and urban development, requiring additional grid capacity.  

Projects of this nature are typically planned to improve power flow between substations and support reliable electricity supply in high-demand areas. 

Read More: Power Grid Share Price in Focus as Company Acquires SR and ER Power Transmission Limited!  

Power Grid Corporation of India Share Price Performance  

As of February 12, 2026, 11:39 am, Power Grid Corporation of India Ltd share price was trading at ₹293.45, a 0.34% decrease from the previous closing price. 

Conclusion 

With the LoI in place, POWERGRID will proceed with the development of the transmission scheme in Maharashtra. The project includes a new substation, high-voltage lines, and upgrades at existing facilities to address constraints in the Pune region. 

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