Power Grid Wins RE Transmission Project In Karnataka

12 Jan 2026 CW Team

State-owned Power Grid Corporation of India on Thursday, January 8, said it has emerged as the successful bidder under tariff-based competitive bidding to establish an inter-state transmission system aimed at integrating additional renewable energy capacity in Karnataka.

The project involves strengthening the transmission network to support renewable energy integration at Davanagere (0.25 GW) and Bellary (2.75 GW), taking the total capacity addition to 3 GW. Awarded on a build, own, operate and transfer basis, the project includes the construction of a 400 kV double-circuit transmission line traversing Karnataka, along with associated line bay works at both ends.

The scope also covers augmentation of existing infrastructure, including inter-connecting transformers and line bays at the Davanagere and Bellary pooling stations. Power Grid said it has received the letter of intent for the project on January 8.

On the financial front, Power Grid reported a 6 per cent year-on-year decline in net profit to Rs 35.66 billion in Q2 FY26, compared with Rs 37.93 billion in the same quarter last year, missing market estimates. Revenue rose 1.8 per cent year-on-year to Rs 114.76 billion from Rs 112.77 billion.

Ebitda declined 6.1 per cent to Rs 91.14 billion from Rs 97.01 billion a year earlier, while margins narrowed to 79.4 per cent from 86 per cent in the corresponding quarter. The company said margin contraction reflected higher operating costs and network expansion-related expenses.

The board of directors has approved the payment of a first interim dividend of Rs 4.50 per equity share of face value Rs 10, representing 45 per cent of the paid-up equity share capital for FY26.

Shares of Power Grid Corporation of India ended at Rs 259.25 on the BSE, down Rs 4.85, or 1.84 per cent, on January 8.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..