Power Grid Corporation of India Limited (POWERGRID), the state-owned electric utility company, has reported its financial results for Q1, along with several significant business approvals and expansions.

Financial Performance

POWERGRID's Board approved the unaudited financial results for Q1, reporting:

• Total income of ₹11,257.00 crore
• Net profit of ₹3,653.00 crore on a standalone basis

These figures represent a slight increase in total income compared to the previous year's Q1 result of ₹10,850.37 crore, and a growth in net profit from ₹3,412.15 crore in the same period last year.

Key Approvals and Business Expansions

The Board of Directors has approved several strategic initiatives:

1. Enhancement of the borrowing limit from ₹16,000.00 crore to ₹25,000.00 crore for FY2025-26.
2. Approval to raise funds up to ₹30,000.00 crore for FY2026-27.
3. In-principle approval for participation in up to two Tariff Based Competitive Bidding (TBCB) projects with an estimated cost of about ₹500.00 crore.
4. Formation of joint venture companies with Nepal Electricity Authority for implementing transmission interconnections between India and Nepal. POWERGRID will hold a 51% stake in the Indian JV and a 49% stake in the Nepalese JV.
5. Approval to exit from Parbati Koldam Transmission Company Limited.
6. Decision to wind up RINL POWERGRID TLT Private Limited.

Administrative Appointments

The company has appointed:

• Joint cost auditors for multiple years
• A secretarial auditor for multiple years

Shareholder Approval

Several of these approvals will require shareholder consent at the upcoming Annual General Meeting.

Future Outlook

These strategic initiatives, particularly the enhanced borrowing limits, fund-raising plans, and international joint ventures, suggest that POWERGRID is positioning itself for significant expansion and growth in the coming years. The company's focus on transmission projects and international collaborations could potentially drive its performance in future quarters.

Investors and analysts will likely closely monitor POWERGRID's progress in implementing these initiatives and their impact on the company's financial performance in the coming quarters.

Power Grid Corporation of India Limited (POWERGRID) has announced a significant financial move, scheduling a meeting to consider its 82nd bond issue under private placement. This development comes alongside an extension of the company's trading window closure.

Bond Issue Consideration

POWERGRID has scheduled a meeting of its "Committee of Directors for Bonds" for August 5, 2025. The primary agenda of this meeting is to consider the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds. This will be the company's 82nd bond issue under private placement, potentially marking a significant step in POWERGRID's financial strategy.

Trading Window Extension

In light of this proposed bond issue, POWERGRID has extended the closure of its trading window. Initially closed from June 30, 2025, for the declaration of quarterly results, the trading window will now remain closed until August 7, 2025. Trading is set to resume on August 8, 2025.

Regulatory Compliance

The company has made this announcement in compliance with Regulations 29(1)(d) and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move demonstrates POWERGRID's commitment to transparency and adherence to regulatory standards.

Upcoming Investor Meet

In a related development, POWERGRID has also scheduled an Analysts' and Institutional Investors' Meet for August 1, 2025, in Mumbai. The meeting, to be held at Hotel ITC Maratha, will feature discussions on the company's business and outlook following the declaration of unaudited financial results for the first quarter ended June 30, 2025.

Key management participants in this meet will include:

• R. K. Tyagi, Chairman & Managing Director
• G. Ravisankar, Director (Finance) & CFO
• Dr. Yatindra Dwivedi, Director (Personnel)
• Naveen Srivastava, Director (Operations)
• Vamsi Ramamohan Burra, Director (Projects)

These developments indicate POWERGRID's active engagement in financial planning and stakeholder communication, potentially setting the stage for significant corporate actions in the near future.