Power Grid rose 2% to a day high of Rs 250.35 on Oct 9 after commissioning its 2,500 MW Bidar solar transmission project.

Consider it a route designed to carry power. This transmission scheme is the line that distributes the 2,500 MW solar energy zone in Bidar, Karnataka, to the rest of the grid.

Power Grid Corporation of India Limited told exchanges that commercial operations began on 5 October.

The formal notice of that start date reached the company by email on 8 October, and the filing went out the same evening under Regulation 30. The scheme was won through a competitive bidding route.

The project was first handed to POWERGRID Bidar Transmission Limited, a wholly owned subsidiary, but that arm was later merged into POWERGRID Khavda II-C Transmission Limited from 1 March 2026, following a Ministry of Corporate Affairs order dated 27 January.

The line strengthens renewable power infrastructure in southern India. The past few months have been hectic for the organization.

On 21 August, it was declared the successful bidder for a Gujarat transmission project linked to 6,500 MW of renewable power, at an annual tariff of Rs 822.91 crore.

That job includes a new substation at Kalyanpur and 765 kV power lines across the state.

The stock also went ex-dividend on 13 August for a payout of Rs 1.25 per share.

At 11:25 am, the stock was trading at Rs 250.15 on NSE, up by 2.25% from the previous close of Rs 244.65. The stock’s 52-week low, which was reached on October 8, was likewise that prior closing.

The 52-week high is Rs 324.95. Shares are still down 12.58% over the past year and 5.91% over the past month, and the company’s market value stands at about Rs 2.33 lakh crore.

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