Shares of Power Grid Corporation of India closed ₹2 lower Friday, while a company filing this week showed a Karnataka transmission award lifted its fiscal-year tally to 11 projects.
Power Grid ended Nov. 13 at ₹257.45, compared with ₹259.45 in the previous session. Market-data pages listed an opening price of ₹259.50, a session high of ₹260.10 and a low of ₹256. The company describes itself as a transmission licensee and also lists consultancy and telecom among its businesses.
In a Nov. 11 filing, Power Grid said it received that day a letter of intent dated Nov. 10 for a Humnabad, Karnataka, project after being named the successful bidder. The project calls for a new 3×500 MVA 400/220-kilovolt substation and related transmission lines under a build-own-operate-transfer arrangement. The filing lists annual transmission charges of ₹243.34 crore.
The Humnabad award brought Power Grid’s total to 11 transmission-system projects awarded through tariff-based competitive bidding in fiscal 2026-27, the company said. Their cumulative annual transmission charges are ₹8,106.97 crore. The filing did not connect the project award to Friday’s share-price decline.
