Power Grid shares touched a day high of ₹253.25 on Friday. Later, the company said it won a ₹199.55 crore Pune West transmission project.

Power Grid Corporation of India Ltd emerged as the winning bidder for the Pune West transmission project in Maharashtra.

It received its letter of intent, the formal go-ahead, on 16 October. The company is a Maharatna public sector firm that mainly moves electricity across India.

Transmission firms carry bulk electricity from power plants to the local networks that supply homes and factories.

Under the deal, the firm will collect ₹199.55 crore a year in transmission charges. That is the fee it earns for running the project.

Eligible companies competed for the job through a tariff-based bidding process, quoting the fee they wanted.

Power Grid will build, own and operate the system, then transfer it later. The industry calls this the BOOT model.

The work covers a new 765/400 kV substation at Pune West, plus high-voltage lines and bays across Maharashtra.

The substation uses gas-insulated equipment, which takes up less space than a conventional one. That helps where land is tight.

This is Power Grid’s tenth transmission win through competitive bidding this financial year. Together, the ten projects carry annual charges of ₹7,863.63 crore. Two of the larger wins came earlier.

Lakadia REZ Phase II, secured in September, carries annual charges of ₹1,152.49 crore, while Rajasthan REZ Phase-IV Barmer-II carries ₹3,244.33 crore. REZ stands for renewable energy zone.

The company disclosed the win to NSE and BSE under SEBI’s listing rules. The filing is dated 16 October and surfaced after trading hours, so Friday’s price moves came before the announcement.

On NSE, Power Grid closed at ₹250.45, up ₹0.60 or 0.24% from Thursday’s ₹249.85. It traded between ₹247.05 and ₹253.25 during the session.

The 52-week range on NSE runs from ₹244.65, hit on 8 October, to ₹324.95, hit on 27 April. The Nifty 50 rose 0.65% on the day.

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