Power Grid Corporation gains on emerging as successful bidder for Karnataka project
Power Grid Corporation of India is currently trading at Rs. 261.65, up by 2.15 points or 0.83% from its previous closing of Rs. 259.50 on the BSE.
The scrip opened at Rs. 260.05 and has touched a high and low of Rs. 264.20 and Rs. 260.05 respectively. So far 127071 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.75 on 21-Apr-2025 and a 52 week low of Rs. 247.50 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 273.25 and Rs. 257.85 respectively. The current market cap of the company is Rs. 243350.30 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.06% and 3.61% respectively.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely ‘Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW)’ on Build, Own, Operate and Transfer (BOOT) basis.
The project comprises 400 kV D/c Transmission Line traversing in the state of Karnataka along with associated line bays works at both ends and augmentation works (ICTs and Line Bays) at both Davangere and Bellary Pooling Stations.
The Letter of Intent (LoI) dated January 07, 2026, has been received by the company on January 08, 2026.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
