ISTS

PFCCL incorporates SPV for green hydrogen ISTS scheme in Andhra Pradesh

Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated a project special purpose vehicle (SPV) for developing an ISTS-TBCB scheme for feeding upcoming green hydrogen plants in Andhra Pradesh. In a stock exchange filing, PFCCL said that it Read more

PGCIL acquires two more ISTS-TBCB schemes, takes FY25 tally to 20

Power Grid Corporation of India Ltd (PGCIL) has formally acquired two more project SPVs related to ISTS-TBCB schemes, taking its total tally in FY25 so far to twenty. On February 18, 2025, bid process coordinator REC Power Development & Read more

New entrant in power transmission development space

A new entrant is seen emerging in the power transmission development space, as seen from the initial bidding results of an ISTS-TBCB scheme housed under “Banaskantha Transco Ltd.” The new entrant is Gurugram-headquartered KCC Buildcon Pvt Ltd, which specializes Read more

PGCIL named successful bidder for two ISTS-TBCB schemes

Power Grid Corporation of India Ltd (PGCIL) has been named as successful bidder under the tariff-based competitive bidding (TBCB) mechanism for two interstate transmission system (ISTS) schemes. In a stock exchange communication, PGCIL Read more

Sterlite Power TL | T&D India

Sterlite Power commissions Nangalbibra-Bongaigaon transmission line

Sterlite Power has announced the successful commissioning of the 400kV double-circuit Nangalbibra - Bongaigaon transmission line, which is part of an interstate transmission system (ISTS) scheme. Through its special purpose vehicle (SPV) execution, the project strengthens Read more

Reliance Industries formally acquires its first ISTS project

Reliance Industries Ltd has formally acquired project SPV “Lakadia B Power Transmission Ltd,” marking the Mukesh Ambani firm’s entry in the power transmission development space. On February 14, 2025, bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) Read more

PGCIL set to close FY25 with over 80 per cent growth in capex

Power Grid Corporation of India Ltd (PGCIL) has projected capital expenditure of Rs.23,000 crore in FY25, which would imply a growth of 84 per cent from the actual FY24 level of Rs.12,500 crore. Read more

PGCIL wins Rs.3,500-crore transmission project in Karnataka

Power Grid Corporation of India Ltd (PGCIL) has won an interstate transmission project, valued at around Rs.3,500 crore, in Karnataka. In an investor conference held on February 5, 2025, R.K. Tyagi, Chairman & Managing Director, PGCIL, said that the Read more

Interstate transmission scheme ERGS-I comes up for re-bidding

An interstate transmission system (ISTS) scheme “Eastern Region Generation Scheme – I” or “ERGS-I” has come up for re-bidding. Bid process coordinator PFC Consulting Ltd (PFCCL) recently initiated re-bidding for the ISTS-TBCB scheme Read more

PGCIL begins commercial operations on Sikar TBCB project

Power Grid Corporation of India Ltd (PGCIL) has announced that its TBCB subsidiary “Powergrid Sikar Transmission Ltd” has received notification for commercial operation. In a brief stock exchange filing, PGCIL said that Powergrid Sikar Transmission Ltd received notification for Read more