PGCIL

CERC grants transmission licence to Dharamjaigarh Transmission

  Central Electricity Regulatory Commission (CERC), in a very recent order, has granted transmission licence to “Dharamjaigarh Transmission Ltd”. Dharamjaigarh Transmission Ltd was incorporated as a project special purpose vehicle (SPV) by the bid process coordinator to develop an interstate Read more

PGCIL committee approves investment in RTM projects

  The “Committee of Directors on Investment on Projects” of Power Grid Corporation of India Ltd, accorded investment approval to two RTM-based transmission schemes. The said committee, which met on June 28, 2023, approved investment to two transmission schemes, officially Read more

Bid submission date extended for Rajasthan TBCB projects

  PFC Consulting Ltd (PFCCL) has extended the timeline for submission of RfP (technical and financial) for four ISTS schemes being developed under the TBCB mode, all related to evacuation of renewable energy from Rajasthan. The four interstate schemes are Read more

PFCCL forms SPV for intrastate scheme in UP, two bidders in final race

  PFC Consulting Ltd (PFCCL), in its capacity as bid process coordinator (BPC), has incorporated a project special purpose vehicle (SPV) for developing an intrastate transmission scheme in Uttar Pradesh. According to a PFCCL stock exchange filing, the project SPV, Read more

Marginal decline in BHEL’s FY23 order inflow

  New order inflows of Bharat Heavy Electricals Ltd (BHEL) in FY23 were marginally lower than those in FY22. According to an investor presentation filed on stock exchanges, BHEL’s new order inflows in FY23 stood at Rs.23,548 crore, around 0.6 Read more

GE T&D India reports 26 per cent growth in FY23 order booking

  GE T&D India has reported a 26.3 percent year-on-year growth in its new order bookings for FY23. In a release, GE T&D India said that new order bookings during FY23 stood at Rs.2,735.9 crore as against Rs.2,166.6 crore in Read more

PGCIL to hive off consultancy business into new subsidiary

  Power Grid Corporation of India Ltd (PGCIL) has planned to house its consultancy business and other non-core activities in a new subsidiary. PGCIL has created a new wholly-owned subsidiary that will have several ongoing activities other than the company’s Read more

PGCIL sees business opportunity worth Rs.4 trillion in transmission space

Power Grid Corporation of India Ltd (PGCIL) envisages business opportunities to the tune of Rs.4 trillion (Rs.4 lakh crore) by 2030, in the domestic power transmission space. Addressing an investor conference, K. Sreekant, CMD, PGCIL, said that the business Read more

PGCIL records modest capex growth in FY23, capitalization falls sharply

  Power Grid Corporation of India Ltd (PGCIL) has recorded a modest year-on-year growth in capital expenditure during FY23, at the consolidated level, while capitalization has declined significantly. According to an investor presentation filed on stock exchanges, PGCIL incurred capital Read more

PGCIL mandated to develop unified network management system

  Power Grid Corporation of India Ltd (PGCIL) has been mandated to develop a unified network management system (U-NMS) for the Southern Region. This U-NMS is aimed to facilitate centralized supervision of interstate transmission systems (ISTS) as well as intrastate Read more