PowerGrid emerges as lowest bidder for Rs 1K cr transmission project

By: |
New Delhi | February 16, 2018 8:24 PM

State-run Power Grid Corp (PowerGrid) has emerged as the lowest bidder for a project worth Rs 1,000 crore to set up Vindhyachal-Varanasi 765 kV transmission line.

PowerGrid,  Rural Electrification Corporation, news on PowerGrid, Government of India, REC Transmission projects companyPower Grid has emerged as the successful bidder to establish Vindhyachal “ Varanasi 765kV transmission line as part of New WR-NR 765 kV Inter-Regional Corridor. (PTI)

State-run Power Grid Corp (PowerGrid) has emerged as the lowest bidder for a project worth Rs 1,000 crore to set up Vindhyachal-Varanasi 765 kV transmission line. Power Grid has emerged as the successful bidder to establish Vindhyachal “ Varanasi 765kV transmission line as part of New WR-NR 765 kV Inter-Regional Corridor, sources said, adding that the value of project is around Rs 1,000 crore.

Others who participated in the bidding included Essel Infra, Sterlite, China Southern Power Grid International (HK) Co and L&T Infrastructure. Both Sterlite and China Southern Power Grid International (HK) Co failed to qualify in the auction. It was conducted on February 13, 2018 by REC Transmission projects company, an arm of Rural Electrification Corporation (REC), which has been nominated as the bid process coordinator by Government of India for the project, sources added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Facebook plans to change its name, says report
2RBI’s recurring payments rule good but might create some disruption for businesses: PCI’s Vishwas Patel
3The 10 unicorns from India that add heft in its global race