+
IndiGrid and G R Infra team up for Rs 50 bn power transmission bids
POWER & RENEWABLE ENERGY

IndiGrid and G R Infra team up for Rs 50 bn power transmission bids

India Grid Trust (IndiGrid), the first listed power sector infrastructure investment trust (InvIT) in India, and G R Infraprojects (GRIL), a prominent player in the Infrastructure sector, have collaboratively decided to bid for identified power transmission projects valued at Rs 50 billion. According to a statement from IndiGrid, they have announced a strategic partnership in the Indian power transmission sector.

As per the agreement, they have signed to jointly bid for Tariff Based Competitive Bidding (TBCB) transmission projects, totalling approximately Rs 50 billion. The power ministry has recently revealed a plan for an investment of Rs 2.5 trillion to build transmission infrastructure, aligning with the goal of achieving 500 GW of renewable energy capacity by 2030 as part of their energy transition initiative.

The statement emphasised the significant opportunity for the private sector to participate in the energy transition journey, influencing the future of the power landscape and positively impacting lives across the country.

In the initiation of their partnership, IndiGrid and GRIL have entered into a framework agreement to acquire a 100% stake in Rajgarh Transmission, which GRIL had secured in March 2022. This project is integrated into the interstate transmission system (ISTS) and includes a 400/220kV substation at Rajgarh and a 400kV double circuit line in Madhya Pradesh.

The execution of the project will be handled by GRIL, leveraging its established capabilities in project execution. Following the commercial date of operation (COD), IndiGrid, with its operational and financial expertise, will take over the asset's operation and management from GRIL.

India Grid Trust (IndiGrid), the first listed power sector infrastructure investment trust (InvIT) in India, and G R Infraprojects (GRIL), a prominent player in the Infrastructure sector, have collaboratively decided to bid for identified power transmission projects valued at Rs 50 billion. According to a statement from IndiGrid, they have announced a strategic partnership in the Indian power transmission sector. As per the agreement, they have signed to jointly bid for Tariff Based Competitive Bidding (TBCB) transmission projects, totalling approximately Rs 50 billion. The power ministry has recently revealed a plan for an investment of Rs 2.5 trillion to build transmission infrastructure, aligning with the goal of achieving 500 GW of renewable energy capacity by 2030 as part of their energy transition initiative. The statement emphasised the significant opportunity for the private sector to participate in the energy transition journey, influencing the future of the power landscape and positively impacting lives across the country. In the initiation of their partnership, IndiGrid and GRIL have entered into a framework agreement to acquire a 100% stake in Rajgarh Transmission, which GRIL had secured in March 2022. This project is integrated into the interstate transmission system (ISTS) and includes a 400/220kV substation at Rajgarh and a 400kV double circuit line in Madhya Pradesh. The execution of the project will be handled by GRIL, leveraging its established capabilities in project execution. Following the commercial date of operation (COD), IndiGrid, with its operational and financial expertise, will take over the asset's operation and management from GRIL.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code