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

Power Grid Corporation of India announced that the 25th Annual General Meeting (AGM) of the company will be held on 22 August 2024.Powered by Capital Market - Live