State-owned Power Grid Corporation of India Ltd (PGCIL) on Friday, said it has won the bid under tariff-based competitive bidding to establish an inter-state transmission system for two projects in Chhattisgarh.

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In an exchange filing, the company, said, "It is to inform you that Power Grid Corporation of India Limited has been declared as a successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the following 2 (two) projects on Build, Own Operate, and Transfer (BOOT) basis."

The two projects include Western Region Expansion Scheme- XXVII (WRES-XXVII), & Western Region Expansion Scheme- XXVIII (WRES-XXVIII) & XXIX (WRES-XXIX).

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The first project comprises the establishment of a 400kV D/C transmission line passing through the state of Chhattisgarh and bays extension works at 2 existing sub-stations. While the second project comprises bays extension works including the creation of 220kV voltage at 2 existing sub-stations in the state of Chhattisgarh, the company revealed.

Power Grid further said it received Letters of Intent (LoIs) on March 2, 2023.

In January, the company reported a nearly 11 percent rise in its consolidated net profit to Rs 3,645.34 crore in the December quarter compared to the same quarter last year.

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First Published:Mar 3, 2023 6:15 PM IST