Power Grid Corporation of India Ltd is expected to report a subdued performance for the December quarter, with market analysts anticipating modest growth figures that reflect the challenging operating environment facing India's largest power transmission utility.

Financial Performance Outlook

The state-run transmission company is projected to deliver marginal revenue and profit growth during the quarter. However, this modest improvement is expected to be overshadowed by softer EBITDA performance and continued margin pressure, indicating operational challenges despite maintaining business continuity.

Impact of Competitive Bidding Transition

A significant factor influencing the company's performance is the ongoing shift toward competitive bidding projects. This transition represents a fundamental change in how Power Grid Corporation secures new business, moving away from traditional project allocation methods to a more competitive framework.

The competitive bidding environment has created margin compression as the company faces increased competition for transmission projects. This shift, while promoting transparency and efficiency in project allocation, has resulted in pricing pressures that are directly impacting the company's profitability metrics.

Market Implications

The expected muted quarterly performance reflects broader challenges in the power transmission sector, where regulatory changes and competitive dynamics are reshaping business models. Power Grid Corporation's experience with margin pressure amid competitive bidding may signal similar trends across the transmission and distribution sector.

Despite the near-term headwinds, the company continues to play a crucial role in India's power infrastructure development, maintaining its position as the country's primary transmission utility while adapting to evolving market conditions.

Source: https://www.cnbctv18.com/market/earnings/power-grid-may-post-muted-q3-as-margin-pressure-offsets-modest-revenue-growth-ws-l-19833364.htm

Power Grid Corporation of India 's Board of Directors has approved significant organizational changes with the promotion and appointment of 12 senior officials as Executive Directors, effective January 25, 2026. The board meeting, conducted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 06:35 PM and concluded at 06:50 PM.

Key Leadership Appointments

The appointments encompass senior management personnel across critical business functions, with several promotions from subsidiary company leadership positions. The newly appointed Executive Directors will serve one level below the Board of Directors, strengthening the company's senior management structure.

Technical and Engineering Leadership

Several appointments focus on strengthening technical capabilities across transmission and engineering functions. Abhay Kumar, Executive Director (Engineering-S/s/TL/Civil/CE), brings over three decades of experience in substation engineering and international consultancy, including overseas experience in Dubai.

Abhinav Verma, Executive Director (Rajasthan Projects), oversees critical transmission projects for renewable energy evacuation. His background includes electrical engineering with PGDM from IIM Rohtak, contributing to the country's Sustainability Development Goals.

HVDC and Grid Management Expertise

The appointments include specialists in high-voltage direct current (HVDC) systems and grid management. Vikas Bagadia, Executive Director (CTUIL), possesses 32 years of expertise in HVDC systems and transmission system planning. His leadership has been pivotal in strengthening India's HVDC backbone and improving operational reliability.

Rajesh V, Executive Director (Khavda-Nagpur HVDC Project), brings 30 years of experience in large-scale transmission project execution, particularly focusing on renewable energy evacuation through the Khavda HVDC project.

Regional and Specialized Functions

The appointments span various regional and specialized functions:

• M S Hejib (Executive Director SR-II): Three decades of experience in ERP & IT, substation maintenance, and TBCB project execution
• Harinarayanan Puthan Kalam (Executive Director HR): Over 35 years in human resource management and industrial relations
• Ashok Kumar Naik (Executive Director ER-II): Extensive experience in cross-border transmission projects and consultancy assignments
• Arindam Chakraborty (Executive Director FQA): 33 years of experience in quality assurance and grid management

Terms and Educational Background

All appointments follow POWERGRID's service rules for terms and conditions. The newly appointed Executive Directors hold diverse educational qualifications including electrical engineering degrees from prestigious institutions, with several holding post-graduate management degrees from IIM Rohtak, MDI Gurgaon, and XIM Bhubaneshwar.

The appointments reflect POWERGRID's focus on promoting experienced professionals across critical functions including renewable energy transmission, digital transformation, and grid modernization initiatives. These leadership changes position the company to advance its strategic objectives in India's evolving power sector landscape.