PGCIL acquires project SPV of Barmer HVDC transmission scheme won under TBCB

Power Grid Corporation of India Ltd (PGCIL) has formally acquired the project SPV associated with the Barmer HVDC interstate transmission scheme that the Central PSU had won under the tariff-based competitive bidding (TBCB) mechanism. The formal transfer of the Read more

Salasar Techno completes electrification of Udaipur–Himmatnagar railway corridor

Salasar Techno Engineering Ltd has completed electrification of the Udaipur–Himmatnagar rail corridor in Rajasthan. In a release, Salasar Techno said that the project, awarded by RITES Ltd, on behalf of the Principal Chief Electrical Engineer, North Western Railway, Jaipur, Read more

PGCIL formally acquires project SPV of India’s first pure SynCon project under TBCB

Power Grid Corporation of India Ltd (PGCIL) has formally acquired the project SPV housing India’s first TBCB scheme purely involving installation of synchronous condensers. In a regulatory filing, PGCIL said that the project SPV “Fatehgarh II Transmission Ltd” was Read more

KEI Industries outlines medium-term capex of Rs.600-700 crore per year

KEI Industries has planned capital expenditure of Rs.600 crore to Rs.700 crore per year, in the medium term, according to the company’s senior management. Addressing an investor call discussing its Q1FY27 performance, the top management of KEI Industries Ltd Read more

Aurora Energy Research launches India’s first grid analytics service as RE curtailment surges

Aurora Energy Research, a global provider of energy market analytics, has announced the launch of its India Grid Service, a first-of-its-kind subscription service that helps the power industry forecast renewable energy curtailment risk and assess grid connectivity across Read more

Five in the fray for Barmer HVDC interstate-TBCB scheme

Five developers have qualified for opening of initial price bids for the mega Barmer HVDC scheme, under the tariff-based competitive bidding mechanism. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) recently qualified five bidders, Read more

PGCIL, EnerGrid formally acquire project SPVs of ISTS-TBCB schemes

Power Grid Corporation of India Ltd (PGCIL) and EnerGrid, on July 29, 2026, formally acquired project SPVs of ISTS schemes that the two developers had won under the tariff-based competitive bidding (TBCB) mechanism. These SPVs were incorporated as wholly-owned Read more

PGCIL wins India’s first pure SynCon project under TBCB

Power Grid Corporation of India Ltd (PGCIL) has won India’s first ISTS-TBCB scheme purely dedicated to installation of synchronous condensers (SynCon). In a brief regulatory filing, PGCIL said that it has been selected as the winning developer for the Read more

Serentica Renewables outlines Rs.1 trillion investment in Rajasthan

Serentica Renewables has announced plans to invest Rs.1 lakh crore (Rs.1 trillion) in the coming years in Rajasthan, with more than Rs.10,000 crore already deployed. In a release, Serentica said that the state today accounts for over 50 per Read more

Five shortlisted for Bhadla-Ramgarh interstate-TBCB scheme

Five bidders have qualified for opening of initial price bids with respect to an interstate transmission system (ISTS) scheme involving augmentation of three substations – Bhadla-III, Ramgarh and Kanpur. The ISTS-TBCB scheme is referred to as “Augmentation at Bhadla-III, Read more