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REC PDCL incorporates SPV for pumped storage evacuation in Uttar Pradesh

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REC Power Distribution Company Limited (REC PDCL) has incorporated a new special purpose vehicle (SPV) named Robertsganj Power Transmission Limited. The SPV will be responsible for the Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra district, Uttar Pradesh. The incorporation took place on May 29, 2025. REC PDCL has been appointed as the bid process coordinator (BPC) for selecting a transmission service provider (TSP) for the project. The selection will be…

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KPTCL invites turnkey bids for 3 transformer packages across Karnataka

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Karnataka Power Transmission Corporation Limited (KPTCL) issued a tender on May 26, 2025, inviting bids for a combined turnkey package covering three transformer-related infrastructure works—Packages A, B, and C. The deadline for bid submission is June 16, 2025. The turnkey contract includes the supply of materials, equipment, mandatory spares, erection, dismantling, civil works, testing, and commissioning. The total estimated cost of the project is Rs 1,489.88 million, with a completion timeline of 24 months. Scope…

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PFCCL invites bids for 400/220 kV Saswad transmission project in Pune

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PFC Consulting Limited (PFCCL) issued a Request for Proposal (RfP) on May 22, 2025, to select a transmission service provider (TSP) for a new substation in Pune district. The project will follow a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. Bid submissions are due by July 28, 2025. PFCCL is the bid process coordinator (BPC) for this Maharashtra project. The scope includes a 2×500 MVA, 400/220 kV air-insulated…

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PFC reports Rs 305.14 bn profit in FY25; REC raises Rs 56.35 bn via bonds

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Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to Rs 1,551.55 billion.  PFC remains…

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Powergrid awards over Rs 17 billion in fresh contracts and posts steady profit

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Power Grid Corporation of India Limited (Powergrid) has issued several key project awards recently, with the latest set totalling over Rs 17 billion. These include notable contracts awarded to KEC International, VIKRAN Engineering, CG Power, and GE Vernova.   KEC International secures Rs 11.33 billion in T&D orders KEC International Limited has bagged fresh orders worth Rs 11.33 billion in the transmission and distribution (T&D) business. The projects include ±800 kV high-voltage direct current (HVDC) and…

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GETCO invites bids for GEC-II transmission and transformer projects

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Gujarat Energy Transmission Corporation Limited (GETCO) has invited bids for multiple transmission infrastructure projects under the Gujarat Green Energy Corridor (GEC)-II scheme. These include a 765 kV double-circuit (D/C) transmission line and transformer procurement in two separate packages. For the transmission line, GETCO has called for design, supply, erection, testing, and commissioning of the 765 kV D/C Som Pipaliya (Saurashtra)–Vataman line. The route length is 118.186 km, and the line will use Hexa ACSR Zebra…

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Centre approves Rs 3.84 billion transmission project for Pakaldul HEP

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The Union Government has approved the Transmission System for Evacuation of Power from Pakaldul Hydroelectric Project (HEP) in the Chenab Valley. The project will be developed by Kishtwar Transmission Limited, a special purpose vehicle (SPV) owned by Sterlite Grid 24 Limited. It will be implemented under the tariff based competitive bidding (TBCB) route on a build, own, operate and maintain (BOOM) basis in Jammu & Kashmir. PFC Consulting Limited (PFCCL) served as the bid process…

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REC PDCL invites bids for two 400 kV substations in Karnataka

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REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July 4, 2025. The projects involve establishing 400 kV substations and associated transmission lines at Mekhali in Belagavi district and Hampapura…

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PGCIL approves Rs 9.62 billion for three new transmission projects

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Power Grid Corporation of India Limited (PGCIL) has cleared investments for three transmission projects. The Committee of Directors (CoD) on investment of projects gave the green light on May 1, 2025. The first is a transmission system aimed at strengthening power evacuation from the Bhadla and Bikaner complex. The project will cost Rs 2.12 billion and is scheduled for commissioning by June 9, 2026. The second project falls under the Eastern Region Expansion Scheme-43 (ERES-43)….

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Vindhya Telelinks and Safety Controls win T&D contracts

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Vindhya Telelinks Limited has secured a Rs 2,977.52 million contract for distribution infrastructure works in Kerala. The contract covers Package-III under the Revamped Distribution Sector Scheme (RDSS), targeting Kannur, Kasargod, and Wayanad districts. Kerala State Electricity Board (KSEB) invited bids for the package in July 2024. The project is expected to be completed in 250 days and involves strengthening, renovating, and augmenting the state’s existing distribution infrastructure. Separately, Safety Controls & Devices Limited has won…