Orders16 Oct 2026 · Fri
POWERGRIDPower Grid Corporation of India
Power Grid wins the 765 kV Pune West transmission project, ₹199.55 crore a year in charges
Power Grid received a letter of intent on 16 October for a 765/400 kV substation project at Pune West in Maharashtra, with annual transmission charges of ₹199.55 crore. It is the company's tenth competitively bid project this financial year.
Price, Friday's close₹251.10▲ 0.50%
Last 5 days
52-week low ₹244.6552-week high ₹324.95
- Sector
- Power transmission
What happened
- Power Grid said it was the successful bidder for the Pune West project and received the letter of intent on 16 October, according to Sahi and Indian Masterminds. The project was bid under tariff-based competitive bidding and will be built, owned, operated and transferred.
- It covers a new 765/400 kV gas-insulated substation at Pune West in Maharashtra, with 765 kV and 400 kV transmission lines and associated bays. The annual transmission charges are ₹199.55 crore.
- Indian Masterminds reported that this is Power Grid's tenth project won through competitive bidding in 2026-27, taking the annual transmission charges of those projects to ₹7,863.63 crore. It named the Barmer-II project in Rajasthan, at ₹3,244.33 crore a year, among them.
- The shares closed at ₹251.10 on Kite data, up 0.50% from ₹249.85.
Why it matters
Good to know: In tariff-based competitive bidding, developers bid for the annual charge they would collect for running a transmission asset. The lowest qualifying bid wins, and the charge is paid by the users of the grid.
Key facts
- Project
- 765/400 kV gas-insulated substation, Pune West, Maharashtra
- Annual transmission charges
- ₹199.55 crore
- Letter of intent
- 16 October 2026
- 2026-27 competitive-bid wins
- 10 projects, ₹7,863.63 crore a year in total
Read the source
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