Resonia Ltd has received the letter of intent for developing the Hampapura intrastate transmission system (InSTS) scheme in Karnataka, under the tariff-based competitive bidding (TBCB) framework.
According to a company release, bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has issued the letter of intent to Resonia Ltd for developing the intrastate scheme formally called “Establishing 400kV substation at Hampapura along with associated transmission lines (Mandya District)” and housed under project SPV “Hampapura Power Transmission Ltd.”
In due course, the project SPV, currently a wholly-owned subsidiary of RECPDCL, will be transferred to Resonia Ltd.
As exclusively reported by tndindia.com on January 31, 2026, Resonia Ltd had emerged as the L1 bidder for the Hampapura scheme, getting the better of four other contenders. For Resonia, the newly-won scheme also extends the company’s footprint to the intrastate power transmission development space.
Important milestone
Commenting on the development, Prashant Sinha, CEO, Resonia, said, “This project marks an important milestone for Resonia and represents a vital reinforcement of Karnataka’s transmission infrastructure. As renewable energy capacity scales at an unprecedented pace, resilient and high-capacity transmission systems are essential to ensure grid stability and reliable power flow. Through the Hampapura project, we are enabling efficient evacuation of clean energy while supporting the state’s long-term power and sustainability objectives. It reflects our strong execution capabilities and our commitment to building future-ready infrastructure for India’s energy transition.”
TBCB in Karnataka
According to information available with tndindia.com, letters of intent for two intrastate-TBCB schemes in Karnataka, have been issued so far. While Resonia has received it for the Hampapura scheme, Dilip Buildcon was issued the letter of intent for the Mekhali scheme in March 2026. Incidentally, the Ryapte scheme in Karnataka, for which bidders were shortlisted for opening of initial price bids, has now come up for re-bidding. At least three other intrastate-TBCB schemes in Karnataka are currently under bidding, while three are in the planning stage.
Featured photograph (source: Resonia Ltd) is for representation only