Power Grid bags transmission project from Rajasthan REZ

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Power Grid bags transmission project from Rajasthan REZ	Share Back
(26 Nov 2024)
The project comprises the establishment of a 765/400 kV substation near Ghiror in Mainpuri, Uttar Pradesh, along with 765 kV and 400 kV transmission lines, and augmentation and bay extension works at existing and under-construction substations in the States of Rajasthan & Uttar Pradesh. The award has been granted under tariff-based competitive bidding (TBCB) and will be executed on a build, own, operate, and transfer (BOOT) basis. The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The company reported a 1.85% rise in consolidated net profit to Rs 3,793.02 crore in Q2 FY25 as against Rs 3,723.92 crore posted in Q1 FY25. Revenue from operations added 2.46% to Rs 11,277.76 crore in Q2 FY25 as against Rs 11,006.18 crore posted in Q1 FY25. Shares of Power Grid Corporation of India rose 0.12% to Rs 343.25 on the BSE.
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