PowerGrid shares in focus after getting declared as successful bidder under TBCB

PowerGrid secured two new transmission projects under tariff-based competitive bidding. One project will handle power evacuation from Kudankulam nuclear power plant units 3 & 4, while the other strengthens the grid in Karnataka for renewable energy integration. The company also recently commissioned a transmission project connecting HVPNL schemes. PowerGrid's shares have seen significant gains this year.