TBCB

Musalgaon substation planned in Maharashtra under TBCB framework

Maharashtra has extended the TBCB philosophy to yet another project, this time a 220kV substation at Musalgaon in Nashik district. REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has recently initiated the bidder selection process, the Read more

Shivalaya Construction becomes latest debutant in interstate transmission space

Shivalaya Construction Ltd has become the latest entrant in the interstate power transmission development space, following the formal acquisition of “Ananthapuram II Power Transmission Ltd.” Shivalaya Construction Ltd formally acquired the said project SPV from bid process coordinator REC Read more

PGCIL formally acquires two interstate schemes, takes FY26 tally to five

Power Grid Corporation of India Ltd (PGCIL) recently completed the formal acquisition of two project special purpose vehicles (SPV) corresponding to as many interstate transmission schemes that the Central PSU had won under the tariff-based competitive bidding (TBCB) Read more

Substation capacity addition up 74 per cent, but short of target

India’s substation capacity addition during the first half (H1: April to September) of FY26 was up 74 per cent, year-on-year, but still met only two-thirds of the planned addition. Latest statistics issued by Central Electricity Authority ( Read more

Bidder selection process initiated for NERGS-III scheme

The bidder selection process for an ISTS-TBCB scheme “North Eastern Region Generation Scheme-III Siang Basin” has newly begun. The NERGS-III Siang Basin scheme has PFC Consulting Ltd (PFCCL) as its bid process coordinator. By current timelines, Read more

PGCIL acquires “Mandsaur I RE Transmission Ltd” from PFC Consulting

Power Grid Corporation of India Ltd (PGCIL) has formally acquired project special purpose vehicle “Mandsaur I RE Transmission Ltd” from bid process coordinator PFC Consulting Ltd (PFCCL). Mandsaur Read more

Shivalaya Construction set to enter power transmission development space

New Delhi-headquartered Shivalaya Construction Ltd is set to make its debut as a developer in the power transmission space. The infrastructure EPC and annuity player, with a prominent presence in the roads & highways sector, was recently issued the Read more

SPVs incorporated for power transmission schemes under TBCB

Three special purpose vehicles have newly been incorporated for housing power transmission schemes that will be bid out under the tariff-based competitive bidding (TBCB) mechanism. While two SPVs – one each for an interstate and intrastate scheme – have Read more

PGCIL wins SR-WR interregional scheme under TBCB

Power Grid Corporation of India Ltd (PGCIL) has won an ISTS scheme “Interregional strengthening between SR Grid and WR Grid” under the tariff-based competitive bidding (TBCB) framework. In a brief stock exchange filing dated September 30, 2025, PGCIL said Read more

G R Infraprojects formally acquires Rajgarh Neemuch transmission scheme

G R Infraprojects Ltd (GRIL) has formally acquired “Rajgarh Neemuch Transmission Ltd” from bid process coordinator REC Power Development & Consultancy Ltd. GRIL had emerged as the successful bidder for underlying ISTS scheme “Transmission system for evacuation of power Read more