The Inter-State Transmission System (ISTS) under the tariff-based competitive bidding (TBCB) segment in India saw a notable surge in awards, with 37 projects totaling INR 1,016.75 billion in the first nine months of FY25. India Ratings and Research (Ind-Ra) has maintained a stable outlook for transmission projects in FY26, driven by stable regulations and expected steady operational performance.
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