Power Grid Corporation gains on emerging as successful bidder for Andhra Pradesh project [Power]
AI Summary1 min read
TL;DR
Power Grid Corporation's stock rises after winning a bid for an Andhra Pradesh project, leveraging its extensive transmission network and advanced technologies to support India's renewable energy goals.
Tags
Power Generation/DistributionPowerPower Grid CorporationAndhra Pradesh projecttransmission networkrenewable energystock gains
The company is mainly engaged in the business of transmission of power through its EHVAC/HVDC transmission network. The company has diversified into telecom business by leveraging its Pan India transmission network through stringing of optical ground wire (OPGW). The company has provided/providing consultancy services to domestic and international clients by leveraging its capability and experience in the field of power transmission, sub transmission, distribution management, load dispatch & communication etc. The company owns and operates approximately 84% of the ISTS network ranking among the largest transmission utilities globally. This expansive infrastructure is driven by advanced technologies, including LCC and VSC-based HVDC stations, reactive power management systems such as SVCs and STATCOMs, which ensure grid reliability and resilience. In alignment with India's energy transition goals, the company continues to expand and upgrade its transmission networks to facilitate the evacuation and integration of renewable energy, reaffirming Its commitment to sustainable development and a greener future.