Power Grid emerges successful bidder for Karnataka transmission project, here's detailPower Grid emerges successful bidder for Karnataka transmission project, here's detail

Introduction

Leading power transmission company wins TBCB project to establish 400 kV transmission lines and carry out augmentation works at Davanagere and Bellary, integrating additional renewable energy capacity.

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Share price movement of Power Grid

On January 9, 2026, Power Grid Corporation of India Limited (POWERGRID) opened at ₹260.05, up 0.21% from its previous close of ₹259.50. The stock reached a high of ₹264.20 (1.79%) and a low of ₹260.05. By 10:43 AM, it traded at ₹261.25, a 0.67% increase, with a market cap of ₹2,42,978.27 crore.

POWERGRID Wins Karnataka Transmission Project

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under Tariff Based Competitive Bidding to establish an Inter-State Transmission System in Karnataka.

The project aims to integrate additional renewable energy potential of 0.25 GW at Davanagere and 2.75 GW at Bellary on a Build, Own, Operate, and Transfer (BOOT) basis.

The scope includes a 400 kV double-circuit transmission line, associated line bays, and augmentation works at Davanagere and Bellary pooling stations. Letter of Intent was received on January 8, 2026.

Stock performance of Power Grid for Period of 1 week, 6 months, and 1 year

Power Grid Corporation of India Limited delivered a -4.30% return over the past week, declined by 13.2% in the past six months, and fell 15.0% over the past year.

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Shareholding pattern of Power Grid

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	51.30%	51.30%	51.30%
FII	25.70%	26.50%	26.80%
DII	19.40%	18.60%	18.40%
Public	3.60%	3.60%	3.50%

About Power Grid

Power Grid Corporation of India Limited (NSE: POWERGRID) is a Maharatna CPSU, India’s largest power transmission company, engaged in ISTS, HVDC lines, telecom, consultancy, and strategic projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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