Mumbai, September 5 (Kiran News) — Shares of Power Grid Corporation of India edged higher on Friday after the company announced it had emerged as the successful bidder for a key transmission project in Uttar Pradesh.
At 11:00 am, the stock was trading at ₹284.25, up 0.80% from its previous close of ₹282.00 on the BSE. The scrip opened at ₹282.35 and touched an intraday high of ₹285.00 and a low of ₹282.35. A total of 58,895 shares were traded on the counter.
The BSE ‘A’ group stock, with a face value of ₹10, has a 52-week high of ₹366.20 (Sept 25, 2024) and a 52-week low of ₹247.50 (Feb 28, 2025). Its current market capitalisation stands at ₹2,63,160.59 crore. Promoters hold 51.34%, while institutional and non-institutional investors own 45.05% and 3.61% respectively.
The company has received a Letter of Intent (LoI) on September 4, 2025, after being declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) to establish the Inter-State Transmission System (ISTS) for the evacuation of power from pumped storage projects in Sonbhadra district, Uttar Pradesh.
The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis and includes the establishment of a new 765/400kV pooling sub-station, bay extension works at other upcoming sub-stations, and 765kV transmission line works across the state.
Power Grid Corporation of India, a state-owned electric utility headquartered in Gurgaon, is one of the largest transmission companies in the country.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
