The firm expects Power Grid to be the largest beneficiary of the $500 billion+ grid TAM estimate between FY24 and FY50.
On Tuesday, the stock had witnessed a rally after the company announced that it emerged as the successful bidder to establish an inter-state transmission system in Khavda village of Gujarat.The project involves installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work and will be carried out on a build, own, operate and transfer (BOOT) basis.
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Earlier in the last week too, the company had announced that it had successfully won another bid for the establishment of transmission system in the same area, wherein a new 765/400/220kV (GIS) sub-station at a suitable location near South of Olpad, 765kV & 400kV D/C transmission lines will be established and associated bays extension works at other existing substations will be carried out.
The shares of Power Grid have increased by 81.5% in the last one year while gaining 52% on a year-to-date basis. In the last month alone, the stock went up by 7.4% and 8.44% in the last 2 weeks.
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