Power Grid shares jump 3% after securing three inter-state transmission projects

Power Grid Corporation of India won three inter-state power transmission projects under a tariff-based bidding process. These include transmission systems for Rajasthan Renewable Energy Zone phase-5, Gujarat's Banaskantha power station, and Kurnool-IV REZ phase-I. Despite securing these projects, Power Grid reported a 4.1% decline in net profit for December 2024 quarter.