Powergrid Acquires Two SPVs for Evacuation Of Green Power From Rajasthan Updated On Wed, Dec 27th, 2023 by Saurenergy Power Grid Corporation of India Limited (Powergrid) – a Maharatna CPSU under the Ministry of Power has recently acquired two Project Special Purpose Vehicles (SPVs) namely- Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited for the Transmission System Projects. They will be used for the evacuation of power from the Renewable Energy Zone (REZ) […] Read more
Powergrid Emerges Successful Bidder for 2500 MW Transmission Project Updated On Tue, Oct 3rd, 2023 by Saurenergy India’s largest electricity transmission company Power Grid Corporation of India Limited, has emerged as the successful bidder under tariff based competitive bidding, for the acquisition of Ananthpuram Kurnool Transmission Limited to establish transmission scheme for solar energy zone in Ananthpuram (Ananthapur) (2500 MW). It has also bagged Kurnool (1000 MW) project in Andhra Pradesh. The […] Read more
Powergrid Emerges Successful Bidder for ISTS Project in Rajasthan Updated On Tue, Sep 12th, 2023 by Saurenergy India’s largest electricity transmission company Power Grid Corporation of India Limited (Powergrid) has successfully bagged a project under the tariff-based competitive bidding (TBCB) process to set up an Inter-State Transmission System Project titled, “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part C1” on a Build, Own Operate, and […] Read more
Powergrid Reports 4% Growth In Profit After Tax in Q4 Updated On Tue, May 23rd, 2023 by Saurenergy India’s largest electricity transmission company Powergrid recently announced its financial results for Financial Year 2023 and Q4. The Maharatna Public Sector Enterprise said that it reported a total of four percent growth of Profit After Tax (PAT) in Q4 (consolidated) on Year-on-year (YoY) basis. It also said that on a consolidated basis, its income during Q4 also […] Read more
CERC Allows Powergrid To Venture Into Telecom Biz But With Conditions Updated On Wed, May 17th, 2023 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) has allowed power transmission company– Powergrid to venture into the telecom business. However, it has imposed some conditions too. As per the CERC (Sharing of Revenue Derived from other businesses) Regulations, 2020, power transmission companies must inform the Commission and seek its approval if they want to […] Read more
PowerGrid InvIT’s Rs 7735 Cr IPO to Open at Rs 99-100/Unit Price Band Updated On Tue, Apr 27th, 2021 by Saurenergy The PowerGrid Infrastructure Investment Trust (InvIT) has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29, 2021. The issue will close on May 3, 2021, and the bidding for anchor investors will open on April 28, 2021, according […] Read more
POWERGRID Takes Remaining 74% Stake in Jaypee Powergrid Limited JV Updated On Tue, Mar 23rd, 2021 by Saurenergy POWERGRID has signed an agreement with JPVL to acquire 74% stake in Jaypee Powergrid Limited-JV in which POWERGRID already holds 26% equity. Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under the Ministry of Power, Government of India has announced that it has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited […] Read more
POWERGRID Acquires RNTL, to Establish Transmission System for Rajasthan SEZ Updated On Wed, Mar 10th, 2021 by Saurenergy POWERGRID has announced that pursuant to its selection as the successful bidder it has acquired Ramgarh New Transmission Limited (RNTL). The Power Grid Corporation of India Limited (POWERGRID), has announced that pursuant to its selection as the successful bidder under tariff-based competitive bidding, it has on March 9, 2021, acquired Ramgarh New Transmission Limited (RNTL) […] Read more
POWERGRID Wins 2 Transmission Projects in Rajasthan Solar Energy Zone Updated On Thu, Feb 18th, 2021 by Saurenergy POWERGRID to establish two transmission projects for the evacuation of power from the Solar Energy Zones (SEZ) in Rajasthan. POWERGRID, Power Grid Corporation of India (PGCIL), has announced that it has been declared as the successful bidder under Tariff Based Competitive Bidding (TBCB) to establish two transmission projects on a build, own operate and maintain […] Read more
