Power Grid Board Approves ₹1,226.93 Crore Investment for Bhadrawati HVDC Refurbishment
POWERGRID's Board of Directors has approved an investment of ₹1,226.93 Crore for the refurbishment of the Bhadrawati HVDC Back-to-Back System. The project has a 36-month implementation schedule from the award date.
The investment of over ₹1,200 Crore is substantial and directly relates to the company's core infrastructure, indicating a medium-term impact on its operational capacity and future tariff blocks.
The announcement details a significant investment approval by the Board, which is generally viewed positively as it indicates progress and expansion for the company.
The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved an investment of ₹1,226.93 Crore for the "Refurbishment of Bhadrawati (Chandarpur) HVDC (2 X 500 MW) Back -to-Back System Under Additional Capital Expenditure 2024 -29 Tariff Block".
The approval was granted during the Board meeting held on Wednesday, 17th December 2025.
The project has an implementation schedule of 36 months from the date of Award.
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