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India’s very first project for deploying of synchronous condenser (SynCon) units for implementation under the TBCB route was recently approved by NCT.
Winners were declared for a total of 12 interstate transmission system (ISTS) schemes under the tariff-based competitive bidding (TBCB) mechanism during the first half (H1: April to September) of the current fiscal year FY26, according to a special study by tndindia.com.
Fiscal year FY25 that ended on March 31, 2025, saw hectic activity in the ISTS-TBCB space with as many as 45 schemes getting formally transferred to their winning developers.
Bharat Heavy Electricals Ltd (BHEL) has received an order valued at over Rs.5,500 crore for setting up a ultra-supercritical power unit in Haryana.