As part of the mandate, PowerGrid will set up a 150 MW/300 MWh standalone battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh. The facility will be located at a selected APTRANSCO substation and is aimed at enhancing grid flexibility and reliability.
The letter of award was received by PowerGrid on 29 December 2025. The battery energy storage system is expected to support on-demand power requirements and improve the integration of renewable energy into the grid, while also strengthening the overall transmission infrastructure in Andhra Pradesh.
The Power Grid Corporation of India was established by the Government of India (GoI) as the central transmission utility of India. The company is a 'Maharatna' firm under the Ministry of Power, GoI.
The company’s consolidated net profit fell 5.98% to Rs 3,566.08 crore despite a 1.76% increase in revenue from operations to Rs 1,147.59 crore in Q2 FY26 over Q2 FY25.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."