Power Grid Corporation Secures Inter-state Transmission Project under TBCB

10 Mar 2025 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..