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…
Power Grid Corporation of India Ltd (PGCIL) reported a net profit of Rs 3,566 crore for the quarter, down 6% from Rs 3,793 crore in the same period last year. Revenue rose 1.8% to Rs 11,476 crore from Rs 11,277 crore, while EBITDA declined 6.1% to Rs 9,114 crore. EBITDA margin fell to 79.4% from…
Power Grid Corporation of India Limited (PGCIL) has awarded two contracts under its bulk procurement programme for 765 kV and 400 kV class transformers and reactors. The first contract, valued at Rs 3.17 billion, was awarded to CG Power & Industrial Solutions Limited for the 765 kV Reactor Package 7RT-21-BULK. The package covers 30×80 MVAR,…
Power Grid Corporation of India Limited (PGCIL) has awarded a Rs 233.39 million contract to a joint venture of Jain Irrigation Systems Limited and H2e Power Systems Private Limited for setting up a green hydrogen microgrid pilot project. The project involves establishing a Solar PV-powered green hydrogen and fuel cell-based microgrid pilot at the 400/220/33…
Kanohar Electricals Limited has won a contract valued at Rs 5,686.69 million from Power Grid Corporation of India Limited (PGCIL) for the supply of high-capacity power transformers under its bulk procurement programme. The order, listed as 400 kV Transformer Package-4TR-08-BULK under Lot 4, includes the procurement of: 17 units of 500 MVA, 400/220/33 kV, 3-phase…
CG Power and Industrial Solutions Limited has secured its largest-ever single order — a Rs 641-crore contract from Power Grid Corporation of India Limited (PGCIL). The order is for 765kV Transformer Package 7TR-12-Bulk. It covers the supply of 765/400kV single-phase transformers under a corporate procurement package. PGCIL had invited bids for this in December 2024….
Power Grid Corporation of India Limited (PGCIL) has proposed the merger of 17 Inter-State Transmission System (ISTS) subsidiaries, set up under the Tariff Based Competitive Bidding (TBCB) route, into two existing TBCB subsidiaries. Under Part 1 of the plan, five subsidiaries will be amalgamated into Vataman Transmission Limited. These include: Bhadla III Transmission Limited Ramgarh…
Hitachi Energy India Limited has secured a contract worth Rs 6,470.27 million from Power Grid Corporation of India Limited (PGCIL) for the supply of high-voltage transformers. The contract, awarded on June 10, 2025, covers the 765 kV Transformer Package 7TR-13-BULK. It includes 30 units of 500 MVA, 765/400 kV single-phase transformers. This forms part of…