Maharatna Power Stock, Power Grid secures LoI for two inter-state transmission projects
The company said that it had received the Letter of Intent (LoI) for the respective projects on 17 February 2025. Shares of the company are trading higher by 0.89% at Rs 265.55.
Maharatna Power Stock, Power Grid secures LoI for two inter-state transmission projects
Maharatna Stock, Power Grid Corporation of India has announced that it has been declared the successful bidder under tariff-based competitive bidding for two projects to establish an inter-state transmission system on a build, own, operate, and transfer (BOOT) basis.
The first project, titled Transmission Scheme for Integration of Davanagere/Chitradurga and Bellary REZ in Karnataka, involves the establishment of a new 765/400/220kV Pooling Sub-Station near Davanagere/Chitradurga and a new 400/220kV Pooling Sub-Station near Bellary.
Additionally, the project includes the construction of 765kV and 400kV D/C Transmission Lines, as well as upgradation works for existing sub-stations and transmission lines. The entire scopes of works are situated in the state of Karnataka.
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The second project, titled Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section II), and Barmer-I PS, involves ICT augmentation works at existing and under-construction substations in the state of Rajasthan.
The company said that it had received the Letter of Intent (LoI) for the respective projects on 17 February 2025. Shares of the company are trading higher by 0.89% at Rs 265.55.
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