Power Grid Share Price Live Updates: Power Grid's recent performance highlights a drop in returns
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Hartek bags ₹138 cr POWERGRID contract for 400kV substation in Karnataka
New Delhi: Hartek Group has secured a contract worth ₹138 crore from Power Grid Corporation of India Ltd ( POWERGRID ) for developing a 400kV AIS Substation under the Transmission Scheme for integration of renewable energy zones in Karnataka, the company said in a statement. The substation project—Package SS-66T—is part of the infrastructure required to integrate renewable energy from Davanagere, Chitradurga and Ballari Renewable Energy Zones (REZ) into the national grid. The contract was awarded through the Tariff-Based Competitive Bidding (TBCB) route. The scope of work includes design, engineering, procurement, construction, testing at the manufacturer's works, supply, unloading, storage, erection, testing, and commissioning of the substation. 'We are honored to be entrusted with this critical infrastructure project by POWERGRID. The development of the 400kV AIS Substation under the TBCB route reinforces Hartek's expertise in delivering high-voltage transmission projects and aligns with our commitment to supporting India's renewable energy integration goals. This project will strengthen the national grid and accelerate the green energy transition ,' said Simarpreet Singh, Executive Director & CEO, Hartek Group. The substation is expected to enable the seamless evacuation of renewable energy generated in the Karnataka REZ and support India's target of achieving 500 GW of non-fossil fuel-based capacity by 2030. Hartek said the project would help in enhancing grid stability and reducing transmission losses. The company added that it continues to expand across power systems, renewables, and distribution infrastructure, with a growing portfolio aimed at supporting India's energy transition.
