Power Grid buys two transmission projects in Rajasthan to evacuate solar

09 Jun 2021 CW Team

REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones.

REC Ltd’s wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL.

PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program.

On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets.

Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis.

The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months.

The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities.

Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis.

The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months.

The aggregate amount in which Sikar was acquired is about Rs 185.4 million.

As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects.

Image Source

Also read: PGCIL to invest Rs 22.20 bn in power transmission network

Also read: India drafts ancillary services market regulations for energy storage

Power Grid Corporation of India (PGCIL) has acquired two transmission projects Fatehgarh Bhadla Transco Ltd and Sikar New Transmission Ltd under Phase 2, Part-B and C of the transmission strengthening program. Both of the projects have to evacuate 8.1 GW of power from solar energy zones in Rajasthan. REC invited bids in December 2020 to develop transmission systems to evacuate power from solar energy zones in Rajasthan. And the invitation was extended to transmission service suppliers under Phase 2 for Part-A, B, and C of the transmission strengthening program to evacuate 8.1 GW of power from these zones. REC Ltd’s wholly-owned subsidiary REC Power Distribution Company Ltd (RECPDCL) gave the two project Special purpose vehicles (SPVs) to PGCIL. PGCIL won each of the three projects. In March, it had also acquired the Ramgarh New Transmission under Phase 2, Part-A of the program. On June 4, 2021, the complete shareholding of both the Fatehgarh Bhadla Transco and Sikar New Transmission, including 50,000 equity shares owned by RECPDCL, was given to PGCIL at par value and with all its assets. Fatehgarh Bhadla Transco, incorporated on June 2, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase 2-Part B, on a build, own, operate and maintain basis. The transmission system includes developing a 765kV D/C line and associated bays extension work in Rajasthan. The system is an Inter-State Transmission System (ISTS) project slated for completion within 18 months. The aggregate amount in which the Transco has been acquired is about Rs 130.4 million, including 50,000 equity shares at par at Rs 10 along with assets and liabilities. Whereas Sikar New Transmission, incorporated on June 11, 2020, to evacuate power from Solar energy zones in Rajasthan (8.1 GW) under Phase-2- Part C on a build, own, operate, and maintain basis. The transmission system comprises setting a new 765/400kV Substation at Sikar-2, 765kV D/C Transmission line, 400kV D/C Transmission line. It is also an ISTS project, slated for completion within 18 months. The aggregate amount in which Sikar was acquired is about Rs 185.4 million. As we have reported earlier, on May 21, its PGCIL approved an investment of Rs 22.20 billion for commissioning several power transmissions projects. Image Source Also read: PGCIL to invest Rs 22.20 bn in power transmission network Also read: India drafts ancillary services market regulations for energy storage

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..