Toshiba and Advait win Powergrid contracts worth over Rs 14 billion
Author: PPD Team Date: 19/05/2025
Author: PPD Team Date: 19/05/2025
Power Grid Corporation of India Limited (PGCIL) has awarded two major contracts valued at over Rs 14 billion to Toshiba Transmission & Distribution Systems (India) Private Limited and Advait Energy Transitions Limited.
Toshiba has secured a contract worth Rs 5.67 billion under the 400kV Transformer Package-4TR-07-BULK. The order includes procurement of 20 units of 500 MVA, 400/220/33kV, 3-phase transformers. This forms part of Powergrid’s bulk procurement of 765kV and 400kV class transformers and reactors of various capacities (Lot-4).
Separately, Advait Energy Transitions Limited has won a Rs 8.61 billion contract from Powergrid for the supply and installation of optical ground wire (OPGW) across multiple transmission lines nationwide. The contract, awarded under package OPGW-04, includes both supply and erection of OPGW and associated communication equipment. The project is to be completed within 12 months from the date of order.
Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
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Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
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Author: PPD Team Date: 06/01/2025 Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020 under tariff-based…
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Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
Author: PPD Team Date: 09/06/2025 The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong push from regulators to deepen and modernise India’s power markets. Electricity derivatives are financial contracts…