The Board of Directors of Power Grid Corporation of India Limited (PGCIL) has approved proposals to increase the company’s borrowing capacity for the current and next financial years, subject to shareholder approval. According to a regulatory filing, the board approved an enhancement of the borrowing limit for FY 2026-27 from Rs 30,000 crore to Rs…
Transformers and Rectifiers (India) Limited (TARIL) reported consolidated revenue from operations of Rs 572.34 crore for the quarter ended June 30, 2026, registering an increase of 8% over the corresponding period last year. The company also reported its highest-ever unexecuted order book of Rs 6,630 crore, according to its quarterly investor presentation and press release….
Power Grid Corporation of India Limited (PGCIL) has emerged as the successful bidder for the project, “Installation of 2 Nos. of Synchronous Condensers (SynCon) units at 765/400/220 kV Fatehgarh-II PS,” under the Tariff Based Competitive Bidding (TBCB) mechanism. The company received the Letter of Intent (LoI) for the project on July 17, 2026. The project…
Power Grid Corporation of India Limited (PGCIL) has commissioned the “Transmission System for Evacuation of Power from potential RE zone in Khavda Area of Gujarat under Phase IV (7 GW) – Part E4” with effect from June 21, 2026. The company received the Declaration of Commercial Operation (DOCO) dated July 13, 2026, through email on…
Power Grid Corporation of India Limited (PGCIL) has awarded a contract worth approximately Rs 289 crore to CG Power and Industrial Solutions Limited for the supply of 420 kV reactors under its bulk procurement programme. The contract forms part of Lot-6 of PGCIL’s bulk procurement package covering 765 kV and 400 kV class transformers and…
Power Grid Corporation of India Limited (PGCIL) has emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) process for the “Transmission System for integration of Krishnagiri REZ Phase-I”. The company received the Letter of Intent (LoI) on July 10, 2026, according to a regulatory filing. The interstate transmission project will be implemented on…
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement of up to JPY 80 billion with Power Grid Corporation of India Limited (PGCIL) to support a high-voltage direct current (HVDC) transmission project connecting the Khavda Renewable Energy Park in Gujarat to Nagpur in Maharashtra. The agreement follows PGCIL’s board approval in June…
Power Grid Corporation of India Limited (PGCIL) has announced a series of appointments and senior management changes, including the appointment of a new Chief Financial Officer (CFO), additional charge of the Director (Finance) post, and the promotion of an Executive Director. The changes took effect from July 1, 2026, according to regulatory filings with the…
Power Grid Corporation of India Limited (PGCIL) and H.G. Infra Engineering Limited have completed the acquisition of project-specific Special Purpose Vehicles (SPVs) from REC Power Development and Consultancy Limited (RECPDCL) after emerging as successful bidders under the tariff-based competitive bidding (TBCB) process. The acquisitions, completed on June 30, 2026, relate to two interstate transmission projects…
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…