Updates and analysis on the power grid, including transmission infrastructure, distribution networks, grid modernization, and system reliability.
IndiGrid has signed definitive agreements to acquire Gadag Transmission Limited (GTL), an ISTS project in Karnataka, for an enterprise value of about Rs 372 crore. The deal excludes net working capital and cash adjustments and includes an earn out linked to Change In Law, availability, and bilateral billing, payable only if recovered. GTL is a…
Laser Power and Infra Ltd has announced three new project mandates worth Rs 836 crore under the Revamped Distribution Sector Scheme (RDSS). The orders were placed by NTPC and two state discoms and will support system strengthening and loss reduction efforts in Uttar Pradesh, Jammu and Kashmir, and Rajasthan. The largest mandate comes from Kanpur…
Transformers and Rectifiers India Limited has received a new order worth Rs 389.97 crore from Gujarat Energy Transmission Corporation Limited. The company reported the development in a filing to the BSE and NSE. The contract covers the manufacture and supply of 53 transformers of different specifications. TARIL said all units are planned for delivery by…
Ceigall India Ltd is set to take over the Velgaon intrastate transmission scheme in Maharashtra after receiving the letter of intent from REC Power Development and Consultancy on 23 November 2025. The project will be developed under the tariff-based competitive bidding framework. REC Power Development and Consultancy named Ceigall India the L1 bidder with a…
Power Finance Corporation has incorporated a new Special Purpose Vehicle named NERGS III Siang Basin Transmission Limited. The entity is a wholly owned subsidiary of PFC Consulting Limited, which is fully owned by PFC. The SPV will implement the NERGS III Siang Basin transmission project. The Ministry of Power issued a Gazette Notification on 18…
GameChange Solar will scale its transformer manufacturing capacity in India by about six times through its new subsidiary, GameChange BOS. The expansion targets growing global demand and a stronger position in the domestic market. The company recently opened its first medium voltage transformer plant in Taloja, Maharashtra. The greenfield facility can produce 1,800 to 2,000…
KEC International has clarified that a recent communication from Power Grid Corporation of India will not affect ongoing contracts or materially impact its financial position. The company said the restriction bars it from participating in Power Grid tenders for nine months, but this will not influence the execution of existing transmission projects. In a press…
Power Finance Corporation Limited has set up a new Special Purpose Vehicle through its wholly owned subsidiary PFC Consulting. The SPV, named Raigad Power Transmission Limited, will support the development of the project titled Establishment of 765/400/220 kV AIS Kandalgaon in Raigad district of Maharashtra. Maharashtra State Electricity Transmission Company appointed PFC Consulting as the…
Adani Energy Solutions Limited has received a Letter of Intent from PFC Consulting for the project titled “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C.” The award came through Tariff Based Competitive Bidding and supports the evacuation plan for the Khavda renewable…
The Central Electricity Authority (CEA) held a meeting to advance national standardisation of distribution transformer design and maintenance. The aim is to improve reliability and reduce the average failure rate of about 10 per cent, which results in nearly 1.3 million failures every year. The Standardisation Cell met under the chairpersonship of the Chief Engineer…