New Delhi: Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for a transmission project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) route, with quoted annual transmission charges of Rs 199.55 crore.
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The company received the Letter of Intent (LoI) for the project on October 16, 2026, according to its regulatory filing with the stock exchanges.
The project, titled “Establishment of 765kV GIS Pune West”, will be developed on a Build, Own, Operate and Transfer (BOOT) basis to establish an intra-state transmission system in Maharashtra.
The project involves setting up a new 765/400 kV gas-insulated switchgear (GIS) substation at Pune West in Pune district. It also includes the construction of 765kV and 400kV transmission lines across Maharashtra, along with associated bays.
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With this win, Power Grid has secured 10 transmission system projects under the TBCB route in the financial year 2026-27 so far. The cumulative annual transmission charges for these projects stand at Rs 7,863.63 crore.
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