loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Power Grid Corporation of India (POWERGRID) has been declared the successful bidder

ICICIdirect Research 15 Jun 2026 DISCLAIMER

News: Power Grid Corporation of India (POWERGRID) has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) route for the project "Transmission System for proposed Green Hydrogen/Green Ammonia projects in Kakinada area (Phase-I)" on a Build, Own, Operate and Transfer (BOOT) basis. The company received the Letter of Intent (LoI) on June 12, 2026. The project involves the establishment of a new 765/400 kV GIS substation along with STATCOM and 765 kV transmission line works in Andhra Pradesh.

View: The development is positive for POWERGRID, as it expands the company's TBCB portfolio and strengthens its positioning in the emerging green hydrogen infrastructure ecosystem. The project provides long-term regulated transmission revenue visibility while supporting India's energy transition through dedicated evacuation infrastructure for upcoming green hydrogen and green ammonia projects. 

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere