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

04 Mar 2024 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..