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Power Grid, Highway Infra, Innovision: Major Project Wins Boost Stocks

By ThePip DeskPower Grid, Highway Infra, Innovision: Major Project Wins Boost Stocks

Power Grid Corp, Highway Infrastructure, and Innovision secure major project contracts, attracting investor attention. Details on Gujarat transmission project and tariff.

Three key infrastructure stocks—Power Grid Corporation of India Ltd, Highway Infrastructure Ltd, and Innovision Ltd—are slated for investor attention on Monday, August 24, following significant project wins and contract awards.

This focus comes as Indian benchmark indices closed largely flat on Friday, August 21. Cautious market sentiment, driven by elevated crude oil prices and global bond market pressures, influenced the session.

Friday’s Market Snapshot

  • The Nifty 50 opened at 24,284.05 and settled at 24,252, marking a marginal gain of 0.08 percent.
  • The Sensex concluded slightly higher at 77,540.83.

Power Grid Corporation of India Ltd secured an inter-state transmission system project in Gujarat, receiving the Letter of Intent (LoI) on August 21, 2026. This project operates on a Build, Own, Operate and Transfer (BOOT) basis.

Power Grid’s Gujarat Transmission Project

  • Discovered annual tariff: Rs 822.91 crore.
  • Project scope includes a new GIS substation at Kalyanpur, ICT augmentation, bay extensions, and 765 kV transmission lines across Gujarat.
  • The project integrates power from RE Projects in Jam Khambhaliya REZ (Phase II, 5,500 MW) and Jamnagar (Phase-I, 1,000 MW).

Highway Infrastructure Ltd entered a Contract Agreement for the operation of the Palayam Fee Plaza in Tamil Nadu, following a Letter of Award (LoA) received on August 17, 2026.

Highway Infrastructure’s Fee Plaza Contract

  • Location: Km 154+500 of NH-44, covering the Krishnagiri to Thumbipadi section (Km 94+000 to Km 180+000).
  • The project will be implemented on a Build, Operate and Transfer (BOT) basis.

Innovision Ltd secured a user fee collection contract from the National Highways Authority of India (NHAI) via a competitive e-tender process.

Innovision’s NHAI User Fee Contract

  • LoA for operation at Etaura Bujurg and Akhtiyari Kotila fee plazas in Uttar Pradesh.
  • Commercial value: Rs 51.54 crore.
  • Contract covers user fee collection for the two-lane Raebareilly-Allahabad section and upkeep of adjacent toilet blocks.

These contract awards position the three companies for notable activity as markets reopen, underscoring continued investment in India’s infrastructure and renewable energy sectors.

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