Power Grid Corporation of India Ltd declared successful bidder under TBCB, receives LoA

Power Grid Corporation of India Limited ("POWERGRID") has been declared as successful bidder under Tariff Based Competitive Bidding to establish the project namely "Selection of Battery Energy Storage Developers for setting up of cumulative capacity of 2,000 MWh (1,000 MW x 2 hrs.) Standalone Battery Energy Storage System in the Selected SubStations of APTRANSCO, Andhra Pradesh for 'on Demand' usage under Tariff-Based Competitive Bidding with Viability Gap Funding supported through PSDF, under the Build-Own-Operate (BOO) Model-Battery Energy Storage System Project at 400/220kV SS Kalikiri in Chittoor District for a Capacity of 150 MW/300MWh".

The Letter of Award (LoA) has been received by POWERGRID on 29th December 2025.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 260.30 as compared to the previous close of Rs. 260.60. The total number of shares traded during the day was 223344 in over 4786 trades.

The stock hit an intraday high of Rs. 261.45 and intraday low of 259.15. The net turnover during the day was Rs. 58144677.00.

Source : Equity Bulls

Keywords

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