Power stock jumps after receiving 3 orders under tariff based competitive biddingPower stock jumps after receiving 3 orders under tariff based competitive bidding

Introduction:

Leading power transmission company has secured three major projects under Tariff Based Competitive Bidding (TBCB) to develop an Inter-State Transmission System, strengthening power evacuation infrastructure across Rajasthan, Gujarat, Andhra Pradesh, and Karnataka under the Build, Own, Operate, and Transfer (BOOT) model.

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Share price movement of Power Grid Corporation:

On March 5, 2025, Power Grid Corporation of India Ltd. opened at ₹256.30, up 0.89% from its previous close of ₹254.05. The stock reached a high of ₹261.75 (3.03%) and a low of ₹256.30. By 10:35 AM, it traded at ₹261.55, a 2.95% increase, with a market cap of ₹2,43,257.29 crore.

POWERGRID Wins Three Transmission Projects Under TBCB:

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for three major transmission projects under Tariff Based Competitive Bidding (TBCB). These projects aim to establish an Inter-State Transmission System under the Build, Own, Operate, and Transfer (BOOT) model, enhancing the country’s power infrastructure.

The awarded projects include power evacuation from Rajasthan REZ Phase-V (Part-1: 4 GW), augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS) in Gujarat, and the integration of Kurnool-IV REZ Phase-I (4.5 GW). These projects involve the development of substations and 765kV transmission lines across multiple states.

The Rajasthan project focuses on capacity augmentation at the under-construction Sirohi substation, while the Kurnool-IV REZ project includes a new 765/400/220kV pooling substation. POWERGRID’s win underlines its leadership in strengthening India’s transmission network, ensuring efficient power evacuation and integration of renewable energy sources.

Recent news on Power Grid Corporation:

As of February 18, 2025, Power Grid Corporation of India Ltd. secured two transmission projects under tariff-based competitive bidding, enhancing inter-state power infrastructure in Karnataka and Rajasthan through new substations, transmission lines, and capacity augmentation under the BOOT model.

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

Power Grid Corporation of India Ltd. has faced a decline in stock performance, with a -0.68% return over one week, -23.0% over six months, and -13.9% over the past year, reflecting market challenges despite securing key transmission projects.

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Shareholding pattern of Power Grid Corporation:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	51.30%	51.30%	51.30%
FII	28.10%	28.30%	28.70%
DII	17.00%	16.90%	16.30%
Public	3.50%	3.50%	3.60%

About Power Grid Corporation:

Power Grid Corporation of India Ltd (NSE: POWERGRID) is a Maharatna CPSU and India’s largest power transmission company. Incorporated in 1989, it operates under the Ministry of Power, ensuring efficient electricity transmission across regions through high-voltage AC and HVDC lines.

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.