The company had received the letter of intent for this project on 01 April 2026. The project will be executed on a build, own, operate and transfer (BOOT) basis.
The scope includes setting up a 400 kV double-circuit transmission line along with augmentation of infrastructure at the Tumkur-II pooling station in Karnataka, including interconnecting transformers and associated bays.
The Power Grid Corporation of India is a Maharatna CPSU and India’s largest electric power transmission company.
The company had reported an 8.4% YoY rise in consolidated net profit to Rs 4,184.96 crore in Q3 FY26, compared with Rs 3,861.63 crore in Q3 FY25. Revenue from operations rose 10.3% YoY to Rs 12,395.09 crore in the quarter ended 31 December 2025.
The scrip slipped 2.34% to currently trade at Rs 286 on the BSE.