NEW DELHI: State-run Power Grid Corporation will procure distribution equipment worth Rs 35,000-40,000 crore from domestic vendors on behalf of states for implementation of rural electrification and network strengthening programmes.The online reverse auction for procurement of large-scale distribution equipment, which is being conducted by state-run MSTC Ltd, began on April 1 and will continue till May 4. About 110 domestic equipment manufacturers empanelled with Power Grid are participating in the auction.Power Grid is seeking supply of critical equipment including distribution transformers, conductors, power transforms and cables for all states.