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Power Grid declared as successful bidder for Krishnagiri REZ Phase-I transmission project

11 Jul 2026 Evaluate

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the project namely ‘Transmission System for integration of Krishnagiri REZ Phase-I’ on Build, Own, Operate and Transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Powergrid on July 10, 2026.

The project comprises establishment of 2 new 765/400kV Sub-stations in the state of Andhra Pradesh. Further, the project involves construction of 765kV & 400kV transmission lines traversing through the states of Andhra Pradesh, Telangana & Karnataka along with associated bays. 

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.


Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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