Power Grid Corporation of India has secured a major inter-state transmission project in Karnataka, driving investor confidence and pushing shares higher by 2%. The Maharatna public sector company announced through a stock exchange filing that it emerged as the successful bidder for this strategic renewable energy infrastructure project.

Project Details and Scope

The transmission project focuses on renewable energy evacuation, with the capacity to handle nearly 3 GW of green power from two key locations in Karnataka. The comprehensive scope includes:

The project will be developed under the BOOT model, where Power Grid will build and operate the transmission infrastructure before eventually transferring ownership. This approach allows the company to maintain operational control while ensuring long-term revenue generation from the asset.

Market Performance and Stock Movement

Following the project announcement, Power Grid's shares reached a day's high of ₹264.20 per share, representing a 2% increase from the previous day's closing price of ₹259.50. The company maintains a substantial market capitalisation of ₹2,44,420.00 crores, reflecting its dominant position in India's power transmission sector.

Over the past five years, the stock has demonstrated strong performance with returns of 129%, significantly outperforming the NIFTY 50's return of 80% during the same period.

Financial Performance Overview

Power Grid's recent financial results present a mixed picture of revenue growth coupled with profit pressures:

The company reported revenue growth of 2% year-over-year and 2.50% quarter-over-quarter, indicating steady operational expansion. However, net profit declined by 6% year-over-year, though the quarterly decline was more modest at 2%.

Order Book and Business Pipeline

As of Q2 FY26, Power Grid maintains a robust order book worth ₹1,52,287.00 crores, distributed across various business segments:

The substantial order book, with the majority secured through competitive bidding, demonstrates the company's strong market position and execution capabilities.

Infrastructure and Operational Scale

Power Grid operates one of the world's largest power transmission networks, maintaining critical infrastructure that ensures reliable electricity flow across India. The company's extensive network includes:

• 1,553 transmission lines covering over 181,054 circuit kilometres
• 287 substations with total capacity of 5,82,516 MVA
• Inter-regional transmission capacity of approximately 101 GW (84% of India's total)
• Network availability of 99.83%

Beyond traditional transmission services, the company has expanded into telecom and consultancy services while playing a crucial role in renewable energy integration and national grid stability through its load dispatch centres.

Power Grid Corporation of India witnessed significant institutional trading activity on the National Stock Exchange (NSE) through a substantial block trade transaction.

Block Trade Details

The major transaction involved considerable trading volume and value, reflecting institutional participation in the stock.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. Such transactions often indicate strategic positioning by large investors and can reflect market sentiment toward the company.

The transaction price of ₹262.55 per share provides insight into the current market valuation accepted by institutional participants for this power transmission utility stock.

About the Transaction

The block trade mechanism allows for efficient execution of large volume transactions without significantly impacting the stock's market price during regular trading hours. This particular transaction demonstrates continued institutional interest in India's power transmission sector.

Power Grid Corporation of India remains a key player in the country's power infrastructure, making such institutional transactions noteworthy for market observers and investors tracking the utilities sector.