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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 August, 2025 11:13 IST
India Grid Trust's subsidiaries bid for RE projects in Osmanabad area
Source: IRIS | 22 Nov, 2021, 08.20PM
Rating: NAN / 5 stars.
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   India Grid Trust announced that wholly-owned subsidiaries namely IndiGrid 1 and IndiGrid 2 have participated in the tariff-based competitive bidding to establish "Transmission system for evacuation of power from Renewable (RE) Projects in Osmanabad area (1 GW) in Maharashtra" on build, own, operate and maintain (BOOM) basis by REC Power Development and Consultancy. The estimated cost of the project is around Rs 1,700 million.

"Our bid of Rs 167.4 million Levelized tariff has been noted as L1 during the reverse auction conducted on 18 November 2021. We await receipt of Letter of Intent and will release necessary intimation in due course," the company said.

Shares of the company declined Rs 0.53, or 0.38%, to settle  at  Rs 140.60.  The total volume of shares traded  was 18,560 at  the BSE (Monday).



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