Power Grid declared successful bidder for RE projects transmission system in Gujarat for ₹1,152.49 Crore
Power Grid Corporation of India Limited has been declared the successful bidder for a transmission system project in Gujarat. The project, focused on integrating RE projects in Lakadia REZ, will be built on a BOOT basis. POWERGRID quoted annual transmission charges of ₹1,152.49 Crore, receiving the Letter of Intent on September 3, 2026.
Securing a large transmission project with substantial annual charges will have a significant positive impact on the company's future revenue and growth.
The company has been declared a successful bidder for a significant transmission project, indicating business expansion and future revenue streams.
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for establishing an Inter-State Transmission System for the project "Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat - Phase II (7500MW)". The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis, with POWERGRID quoting annual transmission charges of ₹1,152.49 Crore.
The Letter of Intent (LoI) for this project was received by POWERGRID on 03rd September, 2026. The scope of work includes the establishment of a new 765/400kV Lakadia-II Sub-station in Gujarat. Additionally, the project entails the construction of 765kV transmission lines passing through Gujarat, along with the necessary associated equipment and bays. Furthermore, it involves the installation and commissioning of a Synchronous condenser at the Lakadia-II Sub-station.
A plain-language summary of a public exchange filing by Power Grid Corporation of India Limited. Read the original for the full detail.