The Union Cabinet chaired by Prime Minister Narendra Modi, September 30, 2026, approved the Green Energy Corridor Phase-III (GEC-III) intrastate transmission system (InSTS) scheme. The tariff-based competitive bidding (TBCB) modality has been proposed for greenfield projects under the scheme.
In a very recent order, Maharashtra Electricity Regulatory Commission (MERC) granted transmission licence to “Jalna Power Transmission Ltd,” a TBCB subsidiary of state transco Maharashtra State Electricity Transmission Company Ltd (MSETCL).
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, delivered strong execution performance in Q2FY27 by commissioning 419 MW of utility-scale projects, up 130 per cent from 182 MW in Q2FY26.
Rajesh Power Services Ltd announced the winning of major orders, worth over Rs.470 crore, from a state utility in Gujarat.
Power Grid Corporation of India Ltd (PGCIL) in a brief regulatory filing said that it has fully commissioned an interstate transmission system (ISTS) scheme “Transmission scheme for solar energy zone in Bidar (2500 MW), Karnataka”, which was awarded under the tariff-based competitive bidding (TBCB) mechanism.
Bajel Projects Ltd has landed an order worth over Rs.200 crore to build two 220kV GIS substations in Mumbai, on EPC basis.