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Power Grid Corporation of India has raised its capital expenditure forecast for the present financial year to ₹32,000 crores, from the earlier estimated ₹28,000 crores, reflecting strong execution visibility.
In FY26, the company won seven Tariff-Based Competitive Bidding (TBCB) contracts, including the transmission system for the evacuation of power from Pumped Storage Projects in Uttar Pradesh with ₹3,626 crores of NCT cost and ₹328.4 tariff.
Under Budget 2026, the government proposed to increase total investment by the nine state-owned power sector firms by nearly 19 per cent to ₹1,01,762.92 crore in 2026-27 compared to the previous fiscal year.
Under this initiative, Finance Minister Nirmala Sitharaman proposed to raise the investment in Power Grid Corp to ₹ 37,000 crore in the next fiscal year from RE of ₹28,000 crore and BE of ₹25,000 crore.
In the third quarter, the power giant expanded its global transmission footprint in partnership with Africa50 through Kenya PPP Project with an estimated cost of $311 million.
Under this partnership, the company will undertake the development, financing, construction, and operation of the 400kV Lessos – Loosuk and 220kV Kisumu – Musaga transmission lines under a PPP framework.
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