POWERGRID commissions Eastern and North Eastern strengthening project
Author: PPD Team Date: July 18, 2025
Author: PPD Team Date: July 18, 2025
POWERGRID ER NER Transmission Limited, a subsidiary of Power Grid Corporation of India Ltd. (PGCIL), has fully commissioned the inter-state transmission system (ISTS) project titled System Strengthening Scheme for Eastern and North Eastern Regions.
The project was secured through Tariff Based Competitive Bidding (TBCB). With a total cost of Rs 3.08 billion, the project involves strategic upgrades to enable greater inter-state power transfer and support regional power reliability.
The company announced the development in a regulatory filing to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI)’s Listing Obligations and Disclosure Requirements.
Author: PPD Team Date: October 10, 2025 The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction, testing, and commissioning. It will connect the Kerawalapitiya Switching Station with the Colombo…
Author: PPD Team Date: August 28, 2025 Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under a Tariff-Based Competitive Bidding (TBCB) process to develop the “Transmission system strengthening at Davanagere for integration of renewable energy (RE) generation” project. The company received the Letter of Intent (LoI) on August 27, 2025. The project’s qualified bidders included POWERGRID, H G Infra Engineering Limited, Techno Electric & Engineering Company Limited, and Ramalingam Construction…
Author: PPD Team Date: November 6, 2025 INOX India Ltd, Suzlon Energy, and ACME Solar Holdings have reported solid financial results for the second quarter of FY26. INOX India Ltd recorded a 16% year-on-year increase in revenue to Rs 371 crore in Q2 FY26. EBITDA rose 18% to Rs 92 crore, while profit after tax (PAT) grew 22.9% to Rs 62 crore. Export revenue stood at Rs 211 crore, contributing 57% to total income. For…
Author: PPD Team Date: February 13, 2025 Schneider Electric Infrastructure Ltd (SEIL) has announced plans to expand its medium power transformer manufacturing capacity. In a regulatory filing on February 11, 2025, SEIL revealed that its board of directors approved an investment of Rs 136 million to enhance the existing capacity by 1,500 MVA per year. The investment will be financed through internal accruals and/or borrowings. The capacity expansion aims to meet the growing market demand…
Author: PPD Team Date: November 22, 2024 Hyundai Motor India Limited (HMIL) has signed an agreement with Fourth Partner Energy Limited (FPEL) to establish a 75 MW Solar Plant and a 43 MW Wind Power Plant in Tamil Nadu. HMIL has a target for RE100 to transition to 100% renewable electricity across its operations by 2025, it currently sources 63% of its energy from renewables. The project involves an investment of Rs 380 million and…
Author: PPD Team Date: July 8, 2025 The Ministry of Power has notified the Electricity (Transmission System Planning, Development and Recovery of Inter-State Transmission Charges) Amendment Rules, 2025, introducing a key change to the rules first issued in 2021. The amendment inserts a new proviso in Rule 3(5), allowing the Central Government to delegate its powers to the National Committee on Transmission (NCT) and the Central Transmission Utility (CTU) for approving Inter-State Transmission System (ISTS)…