PowerGrid lowest bidder for ERSS XXI transmission project
State-owned PowerGrid has emerged as the lowest bidder for power transmission project Eastern Region System Strengthening Scheme XXI in Bihar.
The tariff-based bidding was conducted by the Rural Electrification Corporation's arm -- REC Transmission Projects Company -- an industry source said, adding that PowerGrid quoted the lowest rate.
The competitive bidding was aimed at strengthening the inter-state transmission system.
The project ERSS XXI, the source said, involves establishment of three new 400 kv sub-stations and associated 400 kv transmission lines in Bihar.
The new sub-stations are to be established in Sitamarhi, Chandauti and Saharsa in Bihar, the source added.
PowerGrid is a central power transmission utility.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.