POWERGRID Share Price Surges Over 2%; Secures Karnataka Transmission Project under TBCB

Written by: Team Angel OneUpdated on: 12 Nov 2026, 5:52 pm IST

POWERGRID has secured a Karnataka transmission project involving a 1,500 MVA substation at Humnabad under the Tariff Based Competitive Bidding (TBCB) route.

Power Grid Corporation of India Limited (POWERGRID) has been selected to develop a transmission project in Karnataka through the Tariff Based Competitive Bidding (TBCB) process. The company quoted annual transmission charges of ₹243.34 crore for the project.

The Letter of Intent (LoI) was received by the company on November 11, 2026. It was dated November 10, 2026. The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis.

Substation and Transmission Lines at Humnabad

The project is centred on a new 400/220 kV substation at Humnabad in Bidar district. The facility will have three transformers of 500 MVA each, taking its total capacity to 1,500 MVA.

The scope of work also covers 400 kV and 220 kV transmission lines across Karnataka, along with the associated bays. The project forms part of the intra-state transmission system in the state.

The company disclosed the project details in a stock exchange filing dated November 11. The filing does not mention a construction deadline or the expected date of commissioning.

TBCB Projects in FY 2026-27

The Karnataka contract is the 11th transmission system project secured by POWERGRID through the TBCB route in the current financial year.

Annual transmission charges for all 11 projects stand at ₹8,106.97 crore. The latest project, with charges of ₹243.34 crore annually, is included in this figure.

As of November 12, 2026, 12:10 pm, Power Grid Corporation of India share price was trading at ₹263.75, a 2.25% increase from the previous closing price.

Conclusion

The Humnabad project adds to POWERGRID's transmission contracts secured during FY 2026-27. The work includes a 1,500 MVA substation and associated transmission lines, with annual transmission charges of ₹243.34 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 12, 2026, 12:22 PM IST

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