Power Grid Corporation Wins Karnataka Transmission Project
POWER & RENEWABLE ENERGY

Power Grid Corporation Wins Karnataka Transmission Project

Power Grid Corporation of India has emerged as the successful bidder for a transmission project awarded through a tariff-based competitive bidding process to strengthen the Tumkur-II node and enable integration of two point seven gigawatt (GW) of additional renewable energy capacity. The company said it received the letter of intent on one April 2026 and that the project will be executed on a build, own, operate and transfer basis. The award marks a continuation of the company's role in national grid expansion and renewable integration.

The scope of work comprises setting up a 400 kV double-circuit transmission line and augmentation of infrastructure at the Tumkur-II pooling station in Karnataka, including interconnecting transformers and associated bays. The project will interconnect new generation capacity and reinforce evacuation corridors to support increased renewable flows.

Power Grid Corporation of India is a Maharatna central public sector undertaking and is India's largest electric power transmission company. It reported a consolidated net profit in the third quarter of fiscal year twenty six that rose eight point four per cent year on year to Rs 41,849.6 mn from Rs 38,616.3 mn in the corresponding quarter of the prior year. Revenue from operations increased ten point three per cent year on year to Rs 123,950.9 mn in the quarter ended 31 December 2025.

The scrip slipped two point three four per cent and was trading at Rs 286 on the BSE. The company indicated that the project will reinforce transmission capacity in Karnataka, improve grid resilience and facilitate accelerated uptake of renewable generation. Execution on a BOOT basis is expected to deliver long term operational control to the company while eventual transfer will return assets to the procurer.

Power Grid Corporation of India has emerged as the successful bidder for a transmission project awarded through a tariff-based competitive bidding process to strengthen the Tumkur-II node and enable integration of two point seven gigawatt (GW) of additional renewable energy capacity. The company said it received the letter of intent on one April 2026 and that the project will be executed on a build, own, operate and transfer basis. The award marks a continuation of the company's role in national grid expansion and renewable integration. The scope of work comprises setting up a 400 kV double-circuit transmission line and augmentation of infrastructure at the Tumkur-II pooling station in Karnataka, including interconnecting transformers and associated bays. The project will interconnect new generation capacity and reinforce evacuation corridors to support increased renewable flows. Power Grid Corporation of India is a Maharatna central public sector undertaking and is India's largest electric power transmission company. It reported a consolidated net profit in the third quarter of fiscal year twenty six that rose eight point four per cent year on year to Rs 41,849.6 mn from Rs 38,616.3 mn in the corresponding quarter of the prior year. Revenue from operations increased ten point three per cent year on year to Rs 123,950.9 mn in the quarter ended 31 December 2025. The scrip slipped two point three four per cent and was trading at Rs 286 on the BSE. The company indicated that the project will reinforce transmission capacity in Karnataka, improve grid resilience and facilitate accelerated uptake of renewable generation. Execution on a BOOT basis is expected to deliver long term operational control to the company while eventual transfer will return assets to the procurer.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code