POWERGRID secures ISTS transmission project in Gujarat

27 Sep 2024 CW Team

Power Grid Corporation of India (POWERGRID) has won a project to provide reactive compensation for an inter-state transmission (ISTS) project in Gujarat from PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC).

The project involves the provision of dynamic reactive compensation at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3). It has been awarded through a tariff-based competitive bidding process, and the system will be established on a build, own, operate, and transfer basis.

The project includes installing Static Synchronous Compensators (STATCOMs) at KPS1 and KPS3 and the related bay extension work. These installations are crucial to maintaining voltage stability and improving the overall efficiency of the power transmission network in the region.

The transmission service provider (TSP) will have to ensure that the design, construction, and testing of all equipment, facilities, components, and systems related to the Project are conducted in accordance with the provisions of the Transmission Service Agreement, as well as the relevant Rules, Regulations, Orders, and Guidelines issued by the Central Government. They will also be responsible for obtaining the Transmission License from the Commission.v Transmission Charges will be payable by the designated ISTS Customers in Indian Rupees through the CTU, in accordance with the Central Electricity Regulatory Commission (Sharing of Inter-State Transmission Charges and Losses) Regulations, as amended from time to time. Bidders must quote the Transmission Charges based on the pre-defined structure.

Recently, PFC Consulting also invited bids to select a transmission service provider to establish an inter-state transmission system to evacuate 3 GW of renewable energy from the Raghanesda area in Gujarat under Phase I.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..