Power Grid Corporation – Announcement (NSE: POWERGRID, BSE: 532898)

Date of announcement: 17 July 2026

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Introduction

Power Grid Corporation of India Limited (POWERGRID) has filed a regulatory notice with the National Stock Exchange (NSE) and BSE, informing that it has been declared the successful bidder under a Tariff‑Based Competitive Bidding (TBCB) process.

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Key Highlights

• Successful bid under TBCB: POWERGRID won the bid to establish an Inter‑State Transmission System for the project titled “Installation of 2 Nos. of Synchronous Condensers (SynCon) units at 765/400/220 kV Fatehgarh‑II Power Station.”
• Project model: The undertaking will be executed on a Build‑Own‑Operate‑Transfer (BOOT) basis.
• Letter of Intent (LoI): Received by POWERGRID on 17 July 2026 confirming the award.
• Scope of work: Installation and commissioning of two synchronous condenser units along with the associated bays at the Fatehgarh‑II Power Station.

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Project Details

Aspect	Description
Project name	Installation of 2 Synchronous Condensers (SynCon) at Fatehgarh‑II PS
Voltage levels	765 kV / 400 kV / 220 kV
Location	Fatehgarh‑II Power Station
Contractual model	Build‑Own‑Operate‑Transfer (BOOT)
Award date	LoI received on 17 July 2026

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Regulatory Context

• The filing complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), which mandates disclosure of material contracts and project awards.

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No additional financial metrics, forward guidance, or risk factors were disclosed in this filing.