Power Grid Corp. has emerged as the successful bidder to establish an interstate transmission system from the Renewable Energy Zone in Rajasthan.
The company won the tariff-based competitive bidding process for "evacuation of power from REZ in Rajasthan (20 GW)" on a build-own-operate-transfer basis, according to an exchange filing on Monday.
ADVERTISEMENT
The scope of the project comprises the establishment of two transmission lines along with associated bays' extension works at existing substations in Rajasthan and Delhi. The letter of intent was received by Power Grid on Monday.
Shares of Power Grid closed 0.23% higher at Rs 237.75 apiece on the BSE ahead of the announcement, as compared with a 0.04% gain in the benchmark Sensex.
WRITTEN BY
RECOMMENDED FOR YOU
Five Stocks In News At Noon: Top Gainers Today
Nov 21, 2024
Power Finance Corp. To NTPC: Share Prices Of These Four Stocks Rise After Macquarie Initiates Coverage
Nov 13, 2024
Power Grid Wins Transmission Project Bid In Gujarat
Oct 24, 2024
Power Grid To Raise Up To Rs 5,000 Crore Via 10-Year Bond
Oct 22, 2024
POPULAR
1
Stock Market Today: Nifty, Sensex Close At Five-Month Lows Tracking Weak Global Sentiment
2
Belrise Industries Files Draft Papers For Rs 2,150-Crore IPO
3
BEML Bags Rs 247-Crore Order From Central Coalfields For Dump Trucks
4
Rupee Closes At Record Low Against Dollar
5