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Power Grid Corporation of India Ltd. (POWERGRID) has been declared the successful bidder under the Tariff-Based Competitive Bidding

ICICIdirect Research 17 Jun 2026 DISCLAIMER

News: Power Grid Corporation of India Ltd. (POWERGRID) has been declared the successful bidder under the Tariff-Based Competitive Bidding (TBCB) route for the "WR-ER Inter-Regional Network Expansion Scheme Part-A" on a BOOT (Build, Own, Operate and Transfer) basis. The project involves setting up two new 765/400 kV substations in Jharkhand and Chhattisgarh, expansion of existing substations in Chhattisgarh and West Bengal, and construction of 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh and Odisha. The company received the Letter of Intent (LoI) on June 16, 2026

View: Given POWERGRID’s regulated-return transmission model, the project is expected to provide stable long-term cash flows upon commissioning, supporting steady asset capitalization and earnings visibility over the medium term.

Impact: Positive

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