Apart from being ex-bonus, the PSU stock will be in focus as it has been declared successful bidder under Tariff Based Competitive Bidding (TBCB). Power Grid Corporation of India Ltd informed Indian bourses about the development citing, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that Power Grid Corporation of India Limited has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System Project namely "Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part C1" on Build, Own Operate and Transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India Limited on 11th September, 2023."