State-run Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder for an intra-state transmission project in Karnataka, with quoted annual transmission charges of ₹243.34 crore. According to the latest exchange filing dated November 11, 2026, the project was awarded under the Tariff Based Competitive Bidding (TBCB) process and involves setting up a 3X500 MVA, 400/220 kV substation at Humnabad in Bidar district and associated transmission lines. The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis, with POWERGRID receiving the Letter of Intent dated November 10, 2026, on November 11, 2026.
As reported in the exchange filing, the project includes establishing a new 400/220 kV substation at Humnabad, along with the construction of 400 kV and 220 kV transmission lines across Karnataka and associated bays. The project, titled "Establishment of 3X500 MVA 400/220 kV Sub-station at Humnabad in Bidar District and associated transmission lines," will be executed on a Build, Own, Operate and Transfer basis. This infrastructure development will significantly expand POWERGRID's regional transmission network footprint in Karnataka and represents a meaningful addition to the company's future regulated income pipeline.
According to the latest exchange filing, with this latest win, Power Grid Corporation has secured 11 transmission system projects under the Tariff Based Competitive Bidding route in FY 2026-27 to date. The cumulative annual transmission charges for these projects stand at ₹8,106.97 crore. Each TBCB project award adds a contracted, long-duration annuity-style revenue stream to POWERGRID's regulated asset base, as transmission charges are determined through competitive bidding and recovered over the concession period. This represents the company's eleventh competitive bidding project of the fiscal year, demonstrating its continued success in securing major transmission infrastructure contracts across India.
As reported by CNBC TV18, shares of Power Grid Corporation of India Ltd ended at ₹263.15, up by ₹4.95, or 1.92%, on the BSE following the announcement. The positive market reaction reflects investor confidence in the company's continued success in securing major transmission infrastructure contracts and its expanding order book position in the competitive bidding process. The filing shows that the cumulative Annual Transmission Charges from eleven TBCB wins in FY 2026-27 alone now stand at ₹8,106.97 crore, indicating a meaningful addition to the company's future regulated income pipeline.
