Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for the project namely 'Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-2: 5.5 GW) (Jaisalmer/Barmer Complex): Part F (By clubbing Part F1 & F2)' on build, own, operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on 09 October 2024. The project comprises establishment of new 765/400/220kV Barmer-I Pooling substation, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Rajasthan. Powered by Capital Market - Live

The key equity indices traded with small losses in afternoon trade. The Nifty slipped below the 25,950 level. Media, realty and financial services shares advanced while IT, PSU bank and auto shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex was down 29.97 points or 0.03% to 84,875.39. The Nifty 50 index fell 24.40 points or 0.11% to 25,911.95. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.72% and the S&P BSE Small-Cap index shed 0.47%. The market breadth was negative. On the BSE, 1,526 shares rose and 2,370 shares fell. A total of 103 shares were unchanged. Economy: Moody's has revised its calendar year 2024 growth forecast for India to 7.1% from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy. Gainers & Losers: Power Grid Corporation of India (up 2.34%), Axis Bank (up 1.29%), NTPC (up 1.11%), Grasim Industries (up 1.11%) and HDFC Bank (up 0.73%) were major Nifty gainers. LTIMindtree (down 3.87%), Tech Mahindra (down 2.66%), Tata Consumer Products (down 2.21%), Tata Motors (down 1.71%) and Titan Company (down 1.47%) were major Nifty losers. Stocks in Spotlight: Delta Corp rallied 4.26% after the company's board approved demerger of its hospitality and real estate business into a newly incorporated company named as Delta Penland (DPPL). According to the scheme of arrangement, each Delta Corp shareholder will receive 1 share of Delta Penland for every 1 share held in Delta Corp and the shares of new entity will be listed on both stock exchanges, NSE and BSE. Mazagon Dock Shipbuilders (MDL) advanced 1.33% after the company announced the commencement of production activity for the first multipurpose cargo vessel (MPV) for Denmark's Navi Merchants. Gillette India declined 2.86% after the company's distributor notified that Procter & Gamble (P&G) Bangladesh terminated the distribution agreement with effect from 31 December 2024. Mahindra Holidays & Resorts India rose 0.67%. The company said that its flagship brand Club Mahindra, has assumed the complete management of the Club Mahindra Golden Landmark resort in Mysuru, Karnataka. Ecos (India) Mobility & Hospitality slipped 2.74% after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24. Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24. Snowman Logistics slipped 3.69% after the company said that its Chief Executive Officer (CEO), Sunil Prabhakaran Nair has resigned with effect from the close of business hours of 30 November 2024, due to his personal reasons. Global Markets: European stocks were traded lower on Wednesday as investors digested Chinese stimulus measures. Asian stocks traded mixed on Wednesday, buoyed by China's expansive stimulus package and a strengthening yuan. The rally, which began the previous day, was fueled by the People's Bank of China's announcement of measures aimed at supporting the economy and financial markets. In the United States, the S&P 500 (+0.25%) reached a new all-time high Tuesday, shrugging off concerns about weak consumer confidence. Nvidia's shares surged 4% following news that CEO Jensen Huang had completed his stock sales. The Dow Jones Industrial Average (+0.20%) and Nasdaq Composite (+0.56%) also recorded gains. US consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. The data follows a warning from JPMorgan Chase CEO Jamie Dimon about increasing geopolitical instability cast a shadow over the positive market sentiment. Dimon expressed concerns that these geopolitical tensions could impact the global economy.Powered by Capital Market - Live

The company has been declared as the successful bidder under Tariff based competitive bidding. The project comprises installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in the State of Gujarat. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year.Powered by Capital Market - Live

In a regulatory filing made after market hours yesterday, the company informed that it has been declared as the successful bidder for establishing a transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat. The project comprises establishment of new 765/400/220kV (GIS) sub-station at a suitable location near South of Olpad, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Gujarat. The winner was chosen post a tariff-based competitive bidding process. The letter of intent (LoI) has been received by Power Grid Corporation of India on 19 September 2024. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. The scrip rose 0.37% to currently trade at Rs 336.15 on the BSE. Powered by Capital Market - Live

'Power Grid has been declared as the successful bidder under TBCB to establish inter-state transmission system for the project namely 'transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): part H1' on build, own operate and transfer (BOOT) basis,' the company stated in the press release. The project comprises establishment of new 765/400/220kV sub-station at Kurawar, 765kV & 400kV D/C transmission lines and associated bays extension works at other existing substation in Madhya Pradesh. The power ' transmission firm also received letter of intent (LoI) for the same project on 18 September 2024. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. Shares of Power Grid rose 0.45% to end at Rs 335.70 on the BSE. Powered by Capital Market - Live

'Power Grid Corporation of India has been declared as the successful bidder under tariff based competitive bidding to establish inter-state transmission system for augmentation of transformation capacity at Jam Khambhaliya PS (GIS) on build, own operate and transfer (BOOT) basis,' the company stated in the press release. The project comprises of augmentation of transformation capacity and associated bays extension works at existing substation in the state of Gujarat. Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. Shares of Power Grid Corporation of India added 0.80% to Rs 340.50 on the BSE. Powered by Capital Market - Live

Power Grid Corporation of India announced the cessation of Upendra Pande and Upananda Kataki as Executive Directors of the company with effect from 31 August 2024. Powered by Capital Market - Live

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 30 August 2024 acquired Bhadla-III & Bikaner-III Transmission, the Project SPV to establish 'Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex', on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting. The project comprises 765kV D/C Transmission Line interconnecting Bhadla-III & Bikaner-III substations and associated bays extension works at these substations in the state of Rajasthan. Powered by Capital Market - Live

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 28 August 2024, acquired Bhadla-III Power Transmission, the Project SPV to establish 'Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)', on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator i.e. REC Power Development and Consultancy. The project comprises of augmentation of transformation capacity and associated bays extension works at existing Bhadla-III substation, Rajasthan. Powered by Capital Market - Live