H.G. Infra Engineering Limited (HGFINRA) has received a letter of intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for development of the interstate transmission system associated with the “WR-ER Inter-Regional Network Expansion Scheme – Part C” in Jharkhand under the tariff-based competitive bidding (TBCB) route. The company received the LOI on June 13,…
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has transferred its entire shareholding in Jalna Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited (MSETCL), the successful bidder selected through the tariff-based competitive bidding (TBCB) process. The transfer, completed on June 12, 2026, comprises 50,000 equity shares at…
REC Power Development & Consultancy Ltd (RECPDCL) and Bihar State Power Transmission Company Ltd (BSPTCL) have signed a memorandum of understanding (MoU) to develop intrastate transmission projects in Bihar through the tariff-based competitive bidding (TBCB) route. In a release, RECPDCL said the partnership aims to build a modern and reliable transmission network to support Bihar’s…
Resonia Ltd has received the letter of intent (LoI) to develop the Hampapura intrastate transmission system (InSTS) scheme in Mandya district, Karnataka, under the tariff-based competitive bidding (TBCB) framework. The project involves setting up a 400 kV substation along with associated transmission lines. The bid process coordinator, REC Power Development & Consultancy Ltd (RECPDCL), issued…
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…
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…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder under the tariff-based competitive bidding framework to establish the Inter-State Transmission System for the project titled “Inter Regional Strengthening between SR Grid and ER Grid.” The project will be implemented on a Build, Own, Operate and Transfer basis, and POWERGRID received the…
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 Grid Corporation of India Limited (POWERGRID) has expanded its interstate transmission portfolio by acquiring two special purpose vehicles (SPVs) through the tariff-based competitive bidding (TBCB) process. POWERGRID acquired Vindhyachal Varanasi Transmission Ltd (VVTL) from PFC Consulting Ltd on October 16, 2025. The SPV, incorporated on April 17, 2025, was set up for a transmission…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder to develop the “Inter-Regional Strengthening between Southern Region (SR) Grid and Western Region (WR) Grid” project under the Tariff-Based Competitive Bidding (TBCB) framework. The company received the Letter of Intent on 29 September 2025. The project will be implemented on a Build,…