Power Grid Corporation of India Ltd (PGCIL), India’s largest Electric Power Transmission Utility, is a near monopoly provider with about 90 per cent market share. Its vast Inter-State and Inter-Regional networks and projects awarded on nomination basis, offer it enough cushion to kill competition. Therefore, it is limitless in its capacity to dive down and offer rock-bottom bids and even bidding on loss basis.
This is very much especially possible in the case of e-reverse auction, presently being followed in awarding contracts.
