Power Grid wins Karnataka transmission project with Rs 243 crore annual tariff

New Delhi: Power Grid Corporation of India Limited (Power Grid) has emerged as the successful bidder for an intra-state transmission system project in Karnataka under the Tariff Based Competitive Bidding (TBCB) route, with an annual transmission charge of Rs 243.34 crore.

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The project, awarded on a Build, Own, Operate and Transfer (BOOT) basis, involves the establishment of a 3X500 MVA, 400/220 kV sub-station at Humnabad in Bidar district of Karnataka, along with associated transmission infrastructure.

Power Grid received the Letter of Intent (LoI) for the project on November 11, 2026. The LoI was dated November 10, 2026.

The project scope includes construction of a new 400/220 kV sub-station at Humnabad, along with 400 kV and 220 kV transmission lines traversing the state and associated bays.

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With this latest win, Power Grid has secured 11 transmission system projects under the TBCB route during the financial year 2026-27 so far. The cumulative annual transmission charges of these projects stand at Rs 8,106.97 crore.

The company disclosed the development in a regulatory filing to the stock exchanges on November 11, 2026.

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