POWERGRID Wins ₹822.91 Cr TBCB Gujarat RE Project

(POWERGRID) has emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) route for a major Inter-State Transmission System project in Gujarat. The project is designed for the evacuation of 6,500 MW of renewable energy and carries an annual tariff of ₹822.91 crore. It will be developed on a Build, Own, Operate and Transfer (BOOT) basis. This transmission system will support the integration of large-scale solar and wind power from Gujarat’s renewable energy zones into the national grid. Gujarat remains one of India’s most important hubs for renewable capacity addition, and robust evacuation infrastructure is critical for meeting the country’s clean energy targets. The win further strengthens POWERGRID’s leadership in the TBCB segment. The company has consistently secured a significant share of inter-state transmission projects linked to renewable energy zones across the country. These projects provide long-term, regulated revenue through annual transmission charges. POWERGRID continues to expand its portfolio of high-voltage transmission assets that enable efficient power transfer from resource-rich regions to demand centres. The latest Gujarat order adds to its growing order book of renewable energy evacuation schemes and reinforces its role as the backbone of India’s power transmission network. Investors and industry observers view such wins as positive for the company’s growth visibility, given the strong policy push for renewable energy and the need for matching transmission capacity.