The Ministry of Power of the Government of India owns Power Grid Corporation of India Limited, a central public sector enterprise in India. Its primary activity is bulk power transmission among India’s states. Its main office is in Gurugram.
On October 24, Powergrid announced that it was the winning bidder for a Gujarati transmission project. According to the company’s exchange filing, a tariff-based competitive bidding process was used to secure the project. Under Phase-V (8 GW): Part A, it was also announced as the successful bidder for the establishment of an interstate transmission system for power evacuation from Khavda’s potential renewable energy zone. The company stated that it will be implementing the project on a build, own, operate, and transfer (BOOT) basis. India’s biggest electric power transmission company, Powergrid, is a division of the Ministry of Power.
PGCIL’s scope of work includes establishing, managing, and maintaining the project as well as completing all of its tasks, including surveying, preparing a comprehensive project report, securing funding, overseeing the project, and securing the necessary permits, approvals, and clearances. Additionally, it entails providing and setting up a variety of related devices and connections at terminal stations. Adani Energy Solutions and Sterlite Grid 8 were two of the bidders who made it to the project’s technical round.
PGCIL recently won two transmission projects in Rajasthan’s Bikaner complex. Under tariff-based competitive bidding, the company was deemed the successful bidder for the establishment of an ISTS for the projects: Part A of the Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex] and Part B of the Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex].
The stock of Power Grid Corporation of India Ltd. is currently trading at Rs. 315.50 per share, down more than 1% from its peak of Rs. 313.25.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
The Ministry of Power of the Government of India owns Power Grid Corporation of India Limited, a central public sector enterprise in India. Its primary activity is bulk power transmission among India’s states. Its main office is in Gurugram.
On October 24, Powergrid announced that it was the winning bidder for a Gujarati transmission project. According to the company’s exchange filing, a tariff-based competitive bidding process was used to secure the project. Under Phase-V (8 GW): Part A, it was also announced as the successful bidder for the establishment of an interstate transmission system for power evacuation from Khavda’s potential renewable energy zone. The company stated that it will be implementing the project on a build, own, operate, and transfer (BOOT) basis. India’s biggest electric power transmission company, Powergrid, is a division of the Ministry of Power.
PGCIL’s scope of work includes establishing, managing, and maintaining the project as well as completing all of its tasks, including surveying, preparing a comprehensive project report, securing funding, overseeing the project, and securing the necessary permits, approvals, and clearances. Additionally, it entails providing and setting up a variety of related devices and connections at terminal stations. Adani Energy Solutions and Sterlite Grid 8 were two of the bidders who made it to the project’s technical round.
PGCIL recently won two transmission projects in Rajasthan’s Bikaner complex. Under tariff-based competitive bidding, the company was deemed the successful bidder for the establishment of an ISTS for the projects: Part A of the Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex] and Part B of the Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-3: 6 GW) [Bikaner complex].
The stock of Power Grid Corporation of India Ltd. is currently trading at Rs. 315.50 per share, down more than 1% from its peak of Rs. 313.25.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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