Powergrid bagged a major transmission project in Karnataka to boost renewable energy integration, with a 35-year BOOT model contract. The stock closed 2% lower at ₹274.2, down 12% YTD. SEBI RA pegs support at ₹265-270, warning a breakdown could drag shares to ₹247. Long-term fundamentals remain strong as Powergrid expands its green energy portfolio.