The new project will add 1,600 MW of power generation capacity through two 800 MW units. This expansion is expected to help meet India’s growing electricity demand and strengthen the country’s power supply.News

According to NTPC’s stock exchange filing, the project has been approved at an estimated cost of ?20,456.70 crore. The company shared the information with both the BSE and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s Maharashtra State Electricity Transmission Company Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Shri Ratnesh Kumar, General Manager (Engg.), RECPDCL, to Ms. Vineeta Shriwani, Company Secretary, and Shri Amit Naik, Chief Engineer (TBCB), Maharashtra State Electricity Transmission Company Limited, in the presence of senior officials from Maharashtra State Electricity Transmission Company Limited, Maharashtra STU, and RECPDCL.

The project broadly envisages establishment of a 400/132 kV substation at Jalna and about 135 km of 132 kV double-circuit transmission lines from Jalna (New) to Jalna MIDC, Jalna (New) to Partur, and Jalna to Ghansawangi & Utwad, along with associated works. The project is scheduled for implementation over 24 months at an estimated cost of Rs. 912 crore.

This high-level interaction highlights POWERGRID’s ongoing commitment to corporate transparency and active investor engagement. By providing financial experts with a clear view of the company’s long-term strategy and execution plans, the session successfully strengthened market confidence. The participating analysts gained a deeper understanding of POWERGRID’s evolving and crucial role in expanding India’s power transmission sector and creating steady value for its stakeholders.

Beyond its core lending role, PFC has transitioned into a vital strategic partner for the Government of India, actively supporting the nation’s journey toward energy security. Smt. Parminder Chopra emphasized that the company’s resilience is deeply linked to the national agenda, particularly through the prioritized funding of the Revamped Distribution Sector Scheme (RDSS) and critical support for State Power Utilities. This proactive approach ensures that as national power demand reaches record highs, PFC remains at the forefront of fueling a sustainable and energy-secure future for the country.

Looking ahead, PFC is aggressively diversifying its portfolio to include emerging infrastructure sectors such as logistics, waste-to-energy, and e-mobility. By leveraging its Maharatna status to access competitive funding from domestic and international markets, the corporation is maintaining a solid financial trajectory that supports India’s broader infrastructure goals. This commitment to long-term excellence and strategic financing positions PFC not just as a financial powerhouse, but as a key architect in building a modern, efficient, and self-reliant energy landscape for India.