+
Power Grid Corporation Secures Inter-state Transmission Project under TBCB
POWER & RENEWABLE ENERGY

Power Grid Corporation Secures Inter-state Transmission Project under TBCB

State-owned Power Grid Corporation of India (POWERGRID) has been awarded the contract under Tariff-Based Competitive Bidding (TBCB) for strengthening the transmission system at Kurnool-III Power Station to facilitate the integration of additional renewable energy (RE) generation projects.

The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis, with the Letter of Intent (LoI) received on March 6, 2025. It includes key developments such as the augmentation of transformation capacity at the existing Kurnool-III substation, expansion works at the C’peta substation, and the installation of a 765kV double-circuit transmission line. The entire project scope falls within the state of Andhra Pradesh.

This initiative aims to enhance the transmission infrastructure necessary to support increased renewable energy capacity in the region. By strengthening the grid at Kurnool-III, POWERGRID will help improve the reliability and efficiency of power transmission, facilitating the integration of renewable energy sources into the national grid.

Meanwhile, POWERGRID reported a 4.1 per cent year-on-year decline in net profit for the third quarter ending December 31, 2024. The company's net profit stood at Rs 38.61 billion, compared to Rs 40.28 billion in the corresponding quarter of the previous fiscal year. Revenue from operations also saw a 3 per cent decline, amounting to Rs 112.33 billion, down from Rs 115.79 billion in the same period last year. These financial results fell slightly below market expectations, as per CNBC-TV18 estimates.

Despite the dip in financial performance, POWERGRID continues to expand its infrastructure portfolio, reinforcing its role in India’s power transmission sector. The latest project at Kurnool-III is expected to strengthen the renewable energy grid and contribute to India's clean energy goals.

News source: CNBC TV18

State-owned Power Grid Corporation of India (POWERGRID) has been awarded the contract under Tariff-Based Competitive Bidding (TBCB) for strengthening the transmission system at Kurnool-III Power Station to facilitate the integration of additional renewable energy (RE) generation projects. The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis, with the Letter of Intent (LoI) received on March 6, 2025. It includes key developments such as the augmentation of transformation capacity at the existing Kurnool-III substation, expansion works at the C’peta substation, and the installation of a 765kV double-circuit transmission line. The entire project scope falls within the state of Andhra Pradesh. This initiative aims to enhance the transmission infrastructure necessary to support increased renewable energy capacity in the region. By strengthening the grid at Kurnool-III, POWERGRID will help improve the reliability and efficiency of power transmission, facilitating the integration of renewable energy sources into the national grid. Meanwhile, POWERGRID reported a 4.1 per cent year-on-year decline in net profit for the third quarter ending December 31, 2024. The company's net profit stood at Rs 38.61 billion, compared to Rs 40.28 billion in the corresponding quarter of the previous fiscal year. Revenue from operations also saw a 3 per cent decline, amounting to Rs 112.33 billion, down from Rs 115.79 billion in the same period last year. These financial results fell slightly below market expectations, as per CNBC-TV18 estimates. Despite the dip in financial performance, POWERGRID continues to expand its infrastructure portfolio, reinforcing its role in India’s power transmission sector. The latest project at Kurnool-III is expected to strengthen the renewable energy grid and contribute to India's clean energy goals. News source: CNBC TV18

Related Stories

Gold Stories

Next Story
Technology

Bentley Systems announces 2026 Year in Infrastructure winners

Bentley Systems has announced the winners of its 2026 Year in Infrastructure Awards, recognising projects that use digital technologies and Bentley software across the infrastructure lifecycle. The awards were presented during the Bentley Systems 2026 Year in Infrastructure Event, held in Singapore on October 6 and 7.More than 300 projects from organisations in 53 countries were nominated this year. Winners were selected across 12 categories by an independent judging panel.The 2026 winners included AYESA Engineering’s Porto Metro 3.0 project in the Bridges and Tunnels category; Pinnacle Futu..

Next Story
Technology

We want to bring a real system of intelligence to construction

For EPC and infrastructure companies, fragmented project data can delay critical decisions. Srikar Chintalagiri, Co-Founder & CEO, AlfredWorks, explains how AlfredWorks connects contracts with project information to identify risks, improve traceability and support faster decision-making across complex construction projects.Where does AlfredWorks fit within the technology ecosystem of EPC and infrastructure companies, and what gap does it address beyond existing ERP, scheduling and document-management systems?AlfredWorks is a system of intelligence that sits on top of existing systems of re..

Next Story
Technology

We aim to become the single source of truth for project information

Every construction project depends on one critical element: the right drawing reaching the right person at the right time. But fragmented workflows often create costly delays. Rikunj Moradia, Founder, SyncDrawings, explains how digital drawing management can transform project execution.What gap in the construction ecosystem led to the creation of SyncDrawings?I come from a construction background and also run a BIM services firm. During our work, one recurring challenge was drawing accessibility. Construction is completely dependent on drawings, but the way they are managed remains fragmented ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code