India is actively engaging in power interconnection projects with its neighboring countries like Nepal, Bhutan, Sri Lanka, Myanmar, and Bangladesh. The State-owned Power Grid Corporation of India is now exploring opportunities for interconnection with Saudi Arabia, Oman, and UAE, targeting transmission of 2,000-2,500 mega watts valued between Rs 35,000-40,000 crore. These projects are expected to be completed within five years and involve the installation of HVDC cables. Additionally, India and Saudi Arabia have signed a MoU to collaborate on electrical interconnection, green hydrogen, and supply chains by connecting subsea cables between their grids. These initiatives aim to enhance cross-border electricity trade and grid stability, ultimately supporting economic growth in the region. Power Grid's financial performance for the first quarter of 2024-25 showed a three percent increase in net profit, reaching Rs 3,723.92 crore, while revenue from operations remained steady at Rs 11,006.18 crore.