Karnataka

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

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

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

JSW-JFE joint venture completes acquisition of tkES India for over Rs.4,000 crore

Jsquare Electrical Steel Nashik Pvt Ltd has completed the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India). According to a release issued by JSW Steel, Jsquare Electrical Steel Nashik Pvt Ltd completed the acquisition of 100 per Read more

NTPC joins forces with Energy Dome of Italy for CO2 battery deployment

NTPC Ltd has planned to set up a CO2 battery energy storage project in collaboration with Triveni Turbine Ltd and Energy Dome, Italy. The project will be undertaken by NETRA – the R&D wing of NTPC Ltd. In a Read more

PFCCL transfers two ISTS-TBCB projects to winning developers

Bid process coordinator PFC Consulting Ltd (PFCCL), on January 16, 2025, transferred two project SPVs incorporated for the development of interstate transmission system (ISTS) schemes, to their respective winning bidders. In a stock exchange filing by Power Finance Corporation Read more

Bidding deadline extended for Anantapur REZ ISTS scheme

Bid process coordinator PFC Consulting Ltd (PFCCL) has extended the bid submission date for an ISTS-TBCB scheme related to the Anantapur-II renewable energy zone in Andhra Pradesh. The submission date for both technical and financial bids Read more

PGCIL, Megha Engineering in the fray for Bidar ISTS scheme in Karnataka

Only two contenders – Power Grid Corporation of India Ltd (PGCIL) and Megha Engineering & Infrastructures Ltd (MEIL) – are in the fray for the Bidar pooling station augmentation scheme in Karnataka. It is reliably learnt that PGCIL and Read more

G R Infraprojects set to win its fourth ISTS-TBCB scheme

G R Infraprojects Ltd (GRIL) is set to clinch its fourth interstate transmission system (ISTS) scheme under the tariff-based competitive bidding (TBCB) mode. In a stock exchange communication, GRIL said that bid process coordinator PFC Consulting Read more

PGCIL clinches two more ISTS-TBCB schemes — Gadag-Koppal and Kudankulam

Power Grid Corporation of India Ltd (PGCIL) has continued its winning spree with the addition of two more schemes to its ISTS-TBCB portfolio. PGCIL, on December 12, 2024, received the letter of intent for two interstate transmission system (ISTS) Read more