Power Grid Corporation of India Limited (POWERGRID) has been declared as the successful bidder under Tariff based competitive bidding to establish transmission systems for two electricity projects viz:- ''transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II – Part A'' on build, own operate and maintain basis. The transmission system comprises establishment of a new 400/220kV Substation, 400kV D/C Transmission lines and associated Substation extension works in Rajasthan.

It also won a ''transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II – Part B'' on build, own operate and maintain basis. With regard to both projects, the Letter of Intent dated January 29, 2021 has been issued to the Power Grid Corporation. The transmission system comprises establishment of 765kV D/C Transmission line and associated substation extension works in Rajasthan.

The company, however, did not disclose the value of these two projects.

Shares of Power Grid Corporation of India Ltd on Friday closed in NSE at Rs.183.90 as compared to the previous close of Rs. 187.30. The total volume of shares traded during the day was 75,45,948. The stock hit an intraday high of Rs. 189 and intraday low of 183.

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