India Grid Trust - 540565 - Bidding Outcome For Transmission Project Under TBCB
In terms of Regulation 23 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 and other applicable laws and regulations, this is to inform that the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited (wholly owned subsidiaries of India Grid Trust) participated in the tariff based competitive bidding to establish 'Transmission system for evacuation of power from Renewable (RE) Projects in Osmanabad area (1 GW) in Maharashtra' on build, own, operate and maintain (BOOM) basis by REC Power Development and Consultancy Limited. Estimated cost for the same is around INR 170 Cr. Our bid of 16.74 Cr levelized tariff has been noted as L1 during the reverse auction conducted on 18th November 2021. We await receipt of Letter of Intent and will release necessary intimation in due course. You are requested to take the same on your record.19-11-2021
