IndiGrid, G R Infraprojects partner for transmission bids

23 Dec 2022 CW Team

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).

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..