State-run Power Grid Corporation of India Ltd on Wednesday said it has been declared the successful bidder for an intra-state transmission project in Karnataka, with quoted annual transmission charges of ₹243.34 crore. The project, awarded under the Tariff Based Competitive Bidding process, involves setting up a 3X500 MVA, 400/220 kV substation at Humnabad in Bidar district and associated transmission lines.
It will be developed on a Build, Own, Operate and Transfer basis. Power Grid Corporation received the Letter of Intent , dated November 10, on November 11, 2026. The project includes establishing a new 400/220 kV substation at Humnabad, along with the construction of 400 kV and 220 kV transmission lines across Karnataka and associated bays.
The cumulative annual transmission charges for these projects stand at ₹8,106.97 crore. Shares of Power Grid Corporation of India Ltd ended at ₹263.15, up by ₹4.95, or 1.92%, on the BSE.