“…this is to inform that Power Grid Corporation of India (POWERGRID) has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State transmission system for the project namely “Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects” on build, own, operate and transfer (BOOT) basis,” Power Grid Corporation said in a regulatory filing.
The project will be developed on a Build, Own, Operate, and Transfer (BOOT) basis, with the Letter of Intent (LoI) received on March 6, 2025. The project scope includes the augmentation of transformation capacity at the existing Kurnool-III substation, extension works at the C’peta substation, and the establishment of a 765kV double-circuit transmission line, all within Andhra Pradesh.
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“The project comprises augmentation of transformation capacity at existing Kurnool-III substation and extension works at existing C’peta substation along with 765kV D/C Transmission Line. The entire scope of the project is in the State of Andhra Pradesh,” it added.
Power Grid Corporation of India reported a 4.1% year-on-year (YoY) decline in net profit at ₹3,861.6 crore for the third quarter that ended on December 31, 2024.
In the corresponding quarter of the previous fiscal year, Power Grid Corporation of India posted a net profit of ₹4,028.3 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹4,020.5 crore for the quarter under review.
The company’s revenue from operations dipped 3% to ₹11,233 crore as against ₹11,579.8 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹11,606 crore for the quarter under review.
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Shares of Power Grid Corporation of India Ltd ended at ₹266.45, up by ₹1.55, or 0.59%, on the BSE.
