+
Power Grid Corp announces bidder inter-state transmission project
POWER & RENEWABLE ENERGY

Power Grid Corp announces bidder inter-state transmission project

In order to evacuate electricity from Neemuch SEZ, an interstate transmission infrastructure must be established, according to Power Grid Corporation of India.

According to tariff-based competitive bidding (TBCB), the company's offer was considered successful. Build, own, operate, and transfer (BOOT) was used to award the project.

To Power Grid Corporation of India, a letter of intent (LoI) dated July 7, 2022, has been issued. The Government of India (GoI) has formed Power Grid Corporation of India as the country's main transmission utility.

The Government of India held a 51.34 per cent ownership in the business as of March 31, 2022. In Q4 FY22 over Q4 FY21, the company's net profit increased by 17.9% per cent to Rs 41.56 billion on an increase in net sales of Rs 106.86 billion of 1.7 per cent. On the BSE, Power Grid Corp. shares fell 0.59 per cent to Rs 217.50.

Also Read:
JSW in talks to acquire Mytrah Energy
NMDC plans to invest in green energy capacities


In order to evacuate electricity from Neemuch SEZ, an interstate transmission infrastructure must be established, according to Power Grid Corporation of India. According to tariff-based competitive bidding (TBCB), the company's offer was considered successful. Build, own, operate, and transfer (BOOT) was used to award the project. To Power Grid Corporation of India, a letter of intent (LoI) dated July 7, 2022, has been issued. The Government of India (GoI) has formed Power Grid Corporation of India as the country's main transmission utility. The Government of India held a 51.34 per cent ownership in the business as of March 31, 2022. In Q4 FY22 over Q4 FY21, the company's net profit increased by 17.9% per cent to Rs 41.56 billion on an increase in net sales of Rs 106.86 billion of 1.7 per cent. On the BSE, Power Grid Corp. shares fell 0.59 per cent to Rs 217.50. Also Read: JSW in talks to acquire Mytrah EnergyNMDC plans to invest in green energy capacities

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?