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Power Grid Corporation declared as successful bidder to establish transmission system

22 Aug 2026 Evaluate

Power Grid Corporation of India (POWERGRID) 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 Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW)’ on Build, Own, Operate and Transfer (BOOT) basis, at a discovered tariff of Rs 822.91 crore per annum. 

The Letter of Intent (LoI) has been received by POWERGRID on August 21, 2026. The project involves the establishment of a new GIS substation at Kalyanpur (Gujarat) along with ICT augmentation and bay extension works at under-construction substations in the state of Gujarat and the construction of a 765 kV transmission lines traversing the state of Gujarat.

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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