New Delhi: Power Grid Corporation of India Limited (PGCIL), the country’s central transmission utility, has been awarded a key power transmission project in Sonbhadra district of Uttar Pradesh. The development boosted investor sentiment, lifting the company’s stock price on the Bombay Stock Exchange (BSE).
Project Details and Scope
PGCIL emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) process for the establishment of an Inter-State Transmission System (ISTS). The project, titled “Transmission System for Evacuation of Power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh,” will be executed on a Build, Own, Operate, and Transfer (BOOT) basis.
The project scope includes the creation of a new 765/400 kV pooling substation, bay extension works at other upcoming substations, and associated 765 kV transmission line works across Uttar Pradesh. The company received the Letter of Intent (LoI) for the project on September 4, 2025.
Positive Market Reaction
Following the announcement, Power Grid’s shares rose 1.21% to ₹285.20 on the BSE. Despite a correction of 7.87% over the past six months, the latest contract has renewed investor confidence in the PSU’s project pipeline and growth trajectory.
About PowerGrid
Power Grid Corporation of India Limited (PGCIL), a Maharatna PSU under the Ministry of Power, is India’s largest electric power transmission utility. Operating over 177,000 circuit km of transmission lines, PGCIL plays a pivotal role in strengthening the national grid and ensuring reliable power supply across the country.
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