IndiGrid, G R Infraprojects partner for transmission bids
POWER & RENEWABLE ENERGY

IndiGrid, G R Infraprojects partner for transmission bids

Together, the 50,000 million worth of electricity transmission projects are being sought after by the infrastructure investment company India Grid Trust and G R Infraprojects.

G R Infraprojects Ltd. (GRIL), one of India's top players in the infrastructure sector, and India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT), have announced a strategic partnership in the Indian power transmission sector, according to a statement from IndiGrid.

According to the statement, a contract has been struck to jointly submit bids for transmission projects identified through TBCB (tariff-based competitive bidding) totaling about 50,000 million.

The electricity ministry recently presented a proposal to invest $2,500,000,000,000 in the construction of transmission infrastructure in order to achieve the goal of 500 GW of renewable energy capacity by 2030.

According to the report, the private sector has a significant chance to contribute to the energy transition process, influence the future of the power landscape, and improve the lives of countless people all throughout the nation. It further said that IndiGrid and GRIL had a framework agreement in place to buy a 100% share in Rajgarh Transmission Ltd., which the GRIL had won in March 2022, to kick off the cooperation.

This project, which consists of a 400/220kV substation at Rajgarh and a 400kV double circuit line in Madhya Pradesh, is a component of the interstate transmission system (ISTS).

The project will be developed and carried out by the GRIL, which has demonstrated project execution capabilities, while IndiGrid, which has operational and financial capabilities, will manage and run the asset after being acquired from the GRIL upon its COD (commercial date of operation).

IndiGrid's Shah, the company's CEO, said in a statement: "The collaboration will profit from GRIL's local execution and development strengths as well as from synergies with IndiGrid's operational portfolio. This collaboration fits with our plan to buy value-adding operational transmission assets.

He added that "the expansion works received across few existing assets of IndiGrid totaling Rs 230 crore on Regulated Tariff Mechanism (RTM) basis, allowing us to utilise our operational and developmental capabilities and contribute towards sustained improvement in the DPU (distribution per unit).

According to Ashwin Agarwal of GRIL, this agreement marks a critical turning point in GRIL's efforts to establish a presence in the power utility (segment).

Together, the 50,000 million worth of electricity transmission projects are being sought after by the infrastructure investment company India Grid Trust and G R Infraprojects. G R Infraprojects Ltd. (GRIL), one of India's top players in the infrastructure sector, and India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT), have announced a strategic partnership in the Indian power transmission sector, according to a statement from IndiGrid. According to the statement, a contract has been struck to jointly submit bids for transmission projects identified through TBCB (tariff-based competitive bidding) totaling about 50,000 million. The electricity ministry recently presented a proposal to invest $2,500,000,000,000 in the construction of transmission infrastructure in order to achieve the goal of 500 GW of renewable energy capacity by 2030. According to the report, the private sector has a significant chance to contribute to the energy transition process, influence the future of the power landscape, and improve the lives of countless people all throughout the nation. It further said that IndiGrid and GRIL had a framework agreement in place to buy a 100% share in Rajgarh Transmission Ltd., which the GRIL had won in March 2022, to kick off the cooperation. This project, which consists of a 400/220kV substation at Rajgarh and a 400kV double circuit line in Madhya Pradesh, is a component of the interstate transmission system (ISTS). The project will be developed and carried out by the GRIL, which has demonstrated project execution capabilities, while IndiGrid, which has operational and financial capabilities, will manage and run the asset after being acquired from the GRIL upon its COD (commercial date of operation). IndiGrid's Shah, the company's CEO, said in a statement: The collaboration will profit from GRIL's local execution and development strengths as well as from synergies with IndiGrid's operational portfolio. This collaboration fits with our plan to buy value-adding operational transmission assets. He added that the expansion works received across few existing assets of IndiGrid totaling Rs 230 crore on Regulated Tariff Mechanism (RTM) basis, allowing us to utilise our operational and developmental capabilities and contribute towards sustained improvement in the DPU (distribution per unit). According to Ashwin Agarwal of GRIL, this agreement marks a critical turning point in GRIL's efforts to establish a presence in the power utility (segment).

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?