The project has been awarded under the tariff-based competitive bidding (TBCB) route and will be implemented on a build, own, operate and transfer (BOOT) basis

The project comprises 765 kV D/c transmission lines traversing in the states of Odisha & Andhra Pradesh along with associated line bays and reactors works at both ends.

The Power Grid Corporation of India was established by the Government of India (GoI) as the central transmission utility of India. The company is a 'Maharatna' firm under the Ministry of Power, GoI. As of 30 September 2025, the Government of India owned a 51.34% stake in the company.

The company's consolidated net profit fell 5.98% to Rs 3,566.08 crore despite of 1.76% increase in revenue from operations to Rs 1,147.59 crore in Q2 FY26 over Q2 FY25.

The counter shed 0.53% to Rs 260.90 on the BSE.

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