Power Grid Corporation of India Ltd (PGCIL) has won the tariff-based competitive bidding to set up a 20-GW inter-state transmission system (ISTS) project in Rajasthan. The stock is also trading ex-bonus.

“It is to inform that Power Grid Corporation of India Ltd has been declared as the successful bidder under tariff-based competitive bidding to establish an Inter-State Transmission System Project for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part C1 on Build, Own Operate and Transfer (BOOT) basis," the company said.

Power Grid Corporation of India Limited received the Letter of Intent (LoI) on September 11, 2023.

The project comprises establishment of a new 765/400kV substation along with STATCOM at Ramgarh, 765kV D/C Transmission Line and associated bays extension works at other existing substation in the state of Rajasthan.