Power Grid of India (POWERGRID) — Announcement

📢 Key Event
POWERGRID declared successful bidder for Gujarat transmission project

🔄 What Changed
Added new transmission infrastructure project in Gujarat

🔮 What's Next
Letter of Intent received on 21st August, 2026

Power Grid Corporation of India announced it was declared the successful bidder for a major transmission project in Gujarat under competitive bidding, securing the contract at a disclosed tariff of Rs. 822.91 crore annually. The project involves building new substations and transmission lines to integrate renewable energy, with the Letter of Intent received on August 21, 2026. This win strengthens POWERGRID's renewable energy infrastructure expansion and long-term revenue visibility.

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About Power Grid Corporation of India Limited (POWERGRID)

Power · Power Generation & Distribution · Listed on NSE

Market Cap: ₹2,45,675.45 Cr P/E: 15.4 ROE: 15.8% ROCE: 10.5% Div Yield: 5.11%

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