Bajaj Electricals secures Rs 564 crore project from Power Grid

16 Oct 2023 , 10:02 AM

Bajaj Electricals Ltd announced on Friday (October 13) that it has been granted a service contract for Rs 564.20 crore by the Power Grid Corporation of India Ltd (PGCIL).

The deal, disclosed in a letter dated October 13, 2023, represents a key collaboration in the development of transmission infrastructure in Andhra Pradesh’s Ananthapur and Kurnool regions.

The scope of work under this contract includes the construction of a 400kV new transmission line in Ananthapur covering a distance of 83.12 km and an extended 183-km line in Kurnool, Andhra Pradesh.

These lines are part of a larger transmission infrastructure planned to support solar energy zones in Ananthapur (2,500 MW) and Kurnool (1,000 MW).

The completion date for these projects has been established at 21 months from the date of award (NoA) or letter of acceptance (LoA).

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