PowerGrid Names Bidder for 2,000 MWh Storage Project
POWER & RENEWABLE ENERGY

PowerGrid Names Bidder for 2,000 MWh Storage Project

Shares of Power Grid Corporation of India rose 1.38 per cent to Rs 263.90 after the company announced that it has declared a successful bidder for a 2,000 MWh battery energy storage project.

The project involves the selection of battery energy storage developers to set up a cumulative capacity of 2,000 MWh, structured as 1,000 MW with a two-hour storage duration, to support on-demand power requirements. It will be implemented under the build-own-operate model and is supported by viability gap funding from the Power System Development Fund.

As part of the mandate, PowerGrid will establish a 150 MW/300 MWh standalone battery energy storage system at the 400/220 kV substation in Kalikiri, located in Andhra Pradesh’s Chittoor district. The facility will be set up at a selected APTRANSCO substation and is intended to enhance grid flexibility, reliability and resilience.

PowerGrid received the letter of award for the project on 29 December 2025. The battery energy storage system is expected to support peak and on-demand power requirements, improve the integration of renewable energy into the grid and strengthen the overall transmission infrastructure in Andhra Pradesh.

Power Grid Corporation of India was established by the Government of India as the country’s central transmission utility and holds Maharatna status under the Ministry of Power.

On the financial front, the company reported a 5.98 per cent decline in consolidated net profit to Rs 35.66 billion in Q2 FY26, even as revenue from operations rose 1.76 per cent year on year to Rs 114.76 billion.

Shares of Power Grid Corporation of India rose 1.38 per cent to Rs 263.90 after the company announced that it has declared a successful bidder for a 2,000 MWh battery energy storage project. The project involves the selection of battery energy storage developers to set up a cumulative capacity of 2,000 MWh, structured as 1,000 MW with a two-hour storage duration, to support on-demand power requirements. It will be implemented under the build-own-operate model and is supported by viability gap funding from the Power System Development Fund. As part of the mandate, PowerGrid will establish a 150 MW/300 MWh standalone battery energy storage system at the 400/220 kV substation in Kalikiri, located in Andhra Pradesh’s Chittoor district. The facility will be set up at a selected APTRANSCO substation and is intended to enhance grid flexibility, reliability and resilience. PowerGrid received the letter of award for the project on 29 December 2025. The battery energy storage system is expected to support peak and on-demand power requirements, improve the integration of renewable energy into the grid and strengthen the overall transmission infrastructure in Andhra Pradesh. Power Grid Corporation of India was established by the Government of India as the country’s central transmission utility and holds Maharatna status under the Ministry of Power. On the financial front, the company reported a 5.98 per cent decline in consolidated net profit to Rs 35.66 billion in Q2 FY26, even as revenue from operations rose 1.76 per cent year on year to Rs 114.76 billion.

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