Updates and analysis on the power grid, including transmission infrastructure, distribution networks, grid modernization, and system reliability.
Siemens Energy India Limited has approved an investment of about Rs 2,060 crore to set up a new power transformer manufacturing facility with an additional capacity of around 30,000 MVA. The decision was cleared by the Board of Directors at its meeting held on February 13, 2026. The expansion is aimed at meeting rising domestic…
Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Bellary Davanagere Power Transmission Limited, a project-specific special purpose vehicle (SPV) formed for “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW).” The transaction was finalised on February 12, 2026, after POWERGRID emerged as the…
Rajesh Power Services Limited has signed a joint venture agreement with VITS Total Power Solutions Private Limited to bid for and execute a transmission project for East Central Railway. The joint venture will operate under the name RPSL-VITS JV. Rajesh Power will hold a 51% stake and act as the lead member, while VITS Total…
The National Committee on Transmission (NCT) has approved a revised transmission scheme for the Ananthapuram-III Renewable Energy Zone (REZ), reducing Phase-I capacity to 3 GW and replacing the proposed 765 kV Bidadi link with an alternative corridor due to land constraints flagged by Karnataka Power Corporation Limited (KPCL). PFC Consulting Limited (PFCCL), the project’s bid…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an intra-state transmission project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) framework, the company informed exchanges today. The Letter of Intent (LoI) was received on February 11, 2026, for the project titled “Network Expansion scheme in Maharashtra for removal…
SEPC Ltd, formerly Shriram EPC Ltd, announced that it has secured an order worth Rs 313.96 crore for a smart metering project in Punjab’s Central Zone. The order has been received from Telecommunications Consultants India Ltd (TCIL) under the Revamped Distribution Sector Scheme (RDSS). The project will be executed on a Design, Build, Finance, Own,…
The National Committee on Transmission (NCT) has recommended interstate transmission schemes with a cumulative estimated cost of Rs 24,048 crore for evacuation of 25.5 GW of renewable energy from Gujarat. The recommendation follows confirmation of sufficient renewable potential for the state and a reassessment of transmission planning assumptions, including limited visibility on large green hydrogen…
Genus Power Infrastructures Limited, on February 10, 2026, entered into a Share Purchase Agreement to acquire 100% equity in Himachal Pradesh C Zone Smart Metering Private Ltd. and Genus Assam Package-3 SPV Limited. The acquisition will be carried out by its wholly owned subsidiary, Genus Power Solutions Private Limited. Following completion of the transaction, both…
Bajel Projects Limited announced on February 6, 2026, that it has secured two contracts from Power Grid Corporation of India Limited (PGCIL), together valued at over Rs 400 crore. The orders cover a substation extension and a high-capacity transmission line, supporting grid strengthening and renewable energy integration. The first contract, categorised as a ‘Large’ order…
Adani Energy Solutions Limited (AESL) announced on February 5, 2026, that it has delivered one crore smart electricity meters across India. The company said it is the first entity in the country, and possibly worldwide, to reach this scale. AESL also stated that its installation pace is the highest in the industry, with the next…