13 Jul , 2026 By : Debdeep Gupta
Power Grid Corporation of India shares were trading with marginal gains in the opening trade after the state-owned transmission major emerged as the successful bidder under the Tariff Based Competitive Bidding (TBCB) route to develop the "Transmission System for integration of Krishnagiri REZ Phase-I" on a Build, Own, Operate and Transfer (BOOT) basis.
At 09:25am, Power Grid Corporation of India was quoting at Rs 284.20, up Rs 1.00, or 0.35 percent, on the BSE.
The company has received the Letter of Intent (LoI) for the project, which includes setting up two new 765/400 kV substations in Andhra Pradesh.
The project also involves construction of 765 kV and 400 kV transmission lines across Andhra Pradesh, Telangana and Karnataka, along with associated bays.
The latest order comes days after Power Grid was declared the successful bidder for the "Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)" inter-state transmission project under the TBCB route on July 9, further strengthening its project pipeline.
In the previous trading session, Power Grid shares closed at Rs 283.20, up Rs 2.05, or 0.73 percent. The stock hit a 52-week high of Rs 324.80 on April 27, 2026, and a 52-week low of Rs 250.05 on February 2, 2026. It is currently trading 12.81 percent below its 52-week high and 13.26 percent above its 52-week low. The company's market capitalisation stands at Rs 2.63 lakh crore.
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