Power Grid soars on winning 2 projects

02 Aug 2023 CW Team

The state-run company declared that it had won the bid for two inter-state transmission system projects under the build, own, operate, and transfer (BOOT) basis. Power Grid confirmed that it had received Letters of Intent for both projects.

According to the company, the first project involves the transmission system for the evacuation of power from Renewable Energy Zone (REZ) in Rajasthan, which is expected to generate 20 GW of power under Phase III Part B1. This project includes establishing a new 765/400/220 kilovolt (KV) pooling station at Bhadla-3 and a 765 KV D/C Transmission Line traversing in Rajasthan, along with associated bay extension works.

The second project focuses on the transmission scheme for the Solar Energy Zone in Ananthpuram (Ananthapur) (2,500 MW) and Kurnool (1,000 MW) in Andhra Pradesh. This project entails setting up a new 400/220 KV Pooling Station at a suitable border location between Ananthpuram and Kurnool, along with two 400 KV D/C transmission lines traversing in Andhra Pradesh, and associated bay extension works.

Also read:
Indian Mineral Production records positive growth in April 2023
India surpasses China in Coal-based Steel Capacity

Real Estate

14 Oct 2025

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..