PowerGrid Names Bidder for 2,000 MWh Storage Project

02 Jan 2026 CW Team

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.

Infrastructure Transport

02 Jan 2026

KPIL Secures Rs 7.19 Billion Metro Rail Order in Thane

Kalpataru Projects International (KPIL), along with its joint venture, has recently secured new orders and notifications of award worth approximately Rs 7.19 billion. The key contract includes an elevated metro rail project in Thane, Maharashtra, marking a significant addition to the company’s urban infrastructure portfolio.Commenting on the development, Manish Mohnot, MD & CEO, said the order strengthens KPIL’s presence in the expanding urban transportation EPC segment. He added that the company’s diversified order book, consistent order inflows and strong execution capabilities..

IRFC Sanctions Rs 50 Billion Loan to MAHAGENCO

Indian Railway Finance Corporation (IRFC) has recently executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for a sanctioned amount of Rs 50 billion, of which Rs 30 billion has already been disbursed. A Navratna CPSE under the Ministry of Railways, IRFC has expanded its role beyond rail financing to support infrastructure projects linked to the railway ecosystem, including power generation, transmission, mining, logistics, ports and metro rail. The corporation continues to maintain a strong asset quality profile with a zero-NPA portfolio. M..

AFCOM Inducts Third Aircraft, Boosting Cargo Capacity

AFCOM Holdings has recently inducted its third aircraft, marking a key milestone in the company’s fleet expansion and operational growth. The aircraft was welcomed with a water cannon salute on arrival at Chennai International Airport, underscoring its strategic importance to AFCOM’s expanding network. With Chennai as a key operational hub, the additional aircraft enhances AFCOM’s ability to cater to rising demand for air cargo services across domestic and international routes, including time-sensitive and specialised cargo segments. The induction strengthens operational capacity while ..