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Business
Power Grid Corp Secures Karnataka Transmission Project Worth ₹243 crore per annum
✍️ CNBC TV18
🗓 12 Nov 2026, 04:32 AM
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Power Grid Corporation has been awarded a Karnataka transmission project with annual charges of ₹243 crore, according to CNBC TV18.
Power Grid Corporation of India Ltd (POWERGRID) has secured a major transmission contract in the state of Karnataka. The agreement, reported by CNBC TV18, stipulates annual charges of ₹243 crore for the project, reflecting the scale of the infrastructure work involved.
The awarded project is part of Karnataka's ongoing efforts to strengthen its power grid and improve reliability for consumers and industries alike. Under the contract, POWERGRID will be responsible for the design, construction, and operation of high‑voltage transmission lines that connect key generation hubs to the state's distribution network.
Industry analysts view the deal as a boost for the power transmission sector, highlighting the government's focus on expanding capacity to meet rising electricity demand. The financial terms indicate a long‑term revenue stream for POWERGRID, aligning with its broader strategy of leveraging core competencies in grid development across India.
Details on the project timeline and specific route alignments have not been disclosed, but the contract underscores the importance of public‑private collaboration in advancing India's energy infrastructure.
The announcement adds to POWERGRID's portfolio of high‑value projects and reinforces its position as the country's leading transmission operator.
The awarded project is part of Karnataka's ongoing efforts to strengthen its power grid and improve reliability for consumers and industries alike. Under the contract, POWERGRID will be responsible for the design, construction, and operation of high‑voltage transmission lines that connect key generation hubs to the state's distribution network.
Industry analysts view the deal as a boost for the power transmission sector, highlighting the government's focus on expanding capacity to meet rising electricity demand. The financial terms indicate a long‑term revenue stream for POWERGRID, aligning with its broader strategy of leveraging core competencies in grid development across India.
Details on the project timeline and specific route alignments have not been disclosed, but the contract underscores the importance of public‑private collaboration in advancing India's energy infrastructure.
The announcement adds to POWERGRID's portfolio of high‑value projects and reinforces its position as the country's leading transmission operator.