Power Grid Corporation of India (POWERGRID) on Monday said it has been declared as successful bidder for a transmission project.

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The company has emerged as the bidder under the tariff-based competitive bidding process, Power Grid said in an exchange filing.

The project comprises the installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in Gujarat, it said.