Powergrid Corporation emerges as successful bidder under TBCB

1 Sep 2022 , 09:21 AM

Power Grid Corporation of India Limited has been designated as the winner in a tariff-based competitive bidding (TBCB) process to develop an inter-state transmission system for the “System Strengthening Scheme for Eastern and North Eastern Regions” on a build, own, operate, and transfer (BOOT) basis.

The company received the Letter of Intent on August 30, 2022.

The company stated that the project entails upgrading a 132kV substation to a 220kV substation, installation of 220kV DIC transmission lines, and expansion of bays in Bihar, Assam, and Arunachal Pradesh.

At around 9.24 AM, Power Grid Corporation was trading at Rs229.45 down by 0.07% from its previous closing of Rs229.60 on the BSE. The scrip opened at Rs226 and touched intraday high and low of Rs230.05 and Rs225 respectively.

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