Open ICICI
3-in-1 Account
Manage your Savings, Demat and Trading Account conveniently at one place
Manage your Savings, Demat and Trading Account conveniently at one place
News: Power Grid, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Khavda V-A Power Transmission Limited, the Project SPV to establish “Transmission System for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW)on BOOT basis.The project comprises establishment of 6000 MW, ±800 kV HVDC terminal stations at KPS2 (Gujarat) & Nagpur (Maharasthra), ±800 kV HVDC KPS2 – Nagpur Bipole line (~1200 km) traversing in the states of Gujarat & Maharasthra, LILO of Wardha – Raipur 765 kV D/c line at Nagpur (Maharashtra), and associated equipment/interconnections at terminal stations.
Views: The project bagged will be of higher value and increased ethe capex and capitalisation of assets over the next 2 years. This is line with the company’s increased guidance range of 25-30k crore from FY27 onwards which will accelerate the performance.
Impact: Positive