MoneyWorks4Me

Power Grid Corporation of India has emerged as the lowest bidder for two transmission projects worth Rs 2,800 crore, beating private sector majors like Larsen & Toubro, IVRCL, Sterlite Grid, KEC International and NCC. This is the first time PGCIL participated in the competitive bids for transmission projects. It has beaten bluechip private sector rivals by a margin of over 50% in one project and 30% in the other with aggressive bids. The bids show that PGCIL has calibrated their business and come up with a more proactive strategy.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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