Power Grid Corporation of India Ltd has announced the successful commissioning of a major transmission project through its wholly owned subsidiary POWERGRID Khavda II-C Transmission Limited. The project represents a significant achievement in India's renewable energy infrastructure development.

Project Details and Scope

The transmission project involves the implementation of Inter-State Transmission System specifically designed for the evacuation of 4.5GW renewable energy injection at Khavda PS under Phase-II, Part C. The project was secured through Tariff Based Competitive Bidding, demonstrating the company's competitive capabilities in the transmission sector.

Commissioning Timeline

The transmission scheme achieved complete commissioning on 31st January, 2026. The Notification for Commercial Operation (DCO) was received via email on 2nd February, 2026, confirming the project's operational status.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulation mandates the disclosure of material events and information that could impact investor decisions.

Strategic Significance

This project completion strengthens Power Grid Corporation's position in India's renewable energy transmission infrastructure. The 4.5GW capacity addition supports the country's renewable energy evacuation capabilities, facilitating the integration of clean energy into the national grid system.

Power Grid Corporation of India has announced an analysts and institutional investors meet scheduled for February 2, 2026, at 12:00 Noon IST in Mumbai. The presentation will cover Q3FY26 and 9MFY26 financial performance and key business developments, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The company's consolidated financial performance for 9MFY26 shows steady growth across key metrics. Total income reached ₹35,714 crore compared to ₹34,869 crore in the previous period.

For Q3FY26 specifically, the company reported consolidated total income of ₹12,599 crore against ₹11,743 crore in Q3FY25, representing a 7% increase. Profit after tax for the quarter stood at ₹4,185 crore compared to ₹3,862 crore in the corresponding previous quarter.

Business Operations and Infrastructure

POWERGRID maintains its position as operator of the world's largest 765kV transmission network. The company achieved an "Excellent" MOU rating for FY 2024-25 and reported gross fixed assets exceeding ₹3 trillion as of December 31, 2025.

Project Execution and Expansion

The company has revised its FY26 capex and capitalization guidance upward, indicating robust project execution capabilities. POWERGRID secured multiple TBCB (Tariff Based Competitive Bidding) projects during FY26, including significant transmission system strengthening initiatives.

Notable TBCB wins include projects worth ₹3,626 crore for transmission systems in Sonbhadra District, UP, and ₹2,723 crore for inter-regional strengthening between Southern and Eastern Region grids. The company also entered the Battery Energy Storage System (BESS) segment, marking strategic diversification.

International and Technology Initiatives

POWERGRID expanded its global footprint through partnership with Africa50 for Kenya's first independent transmission project, estimated at approximately $311 million. The company deployed innovative technologies including India's first-ever Insulated Cross Arms (ICAs) at 400kV voltage level, achieving 35-40% reduction in Right-of-Way requirements.

ESG and Recognition

The company continues strengthening its ESG roadmap supporting India's clean energy transition. POWERGRID received the 19th Exceed Award for Outstanding CSR Work in Rainwater Harvesting & Conservation, and its Director (Operations) received the "Outstanding Leadership in Asset Management" award from the Institute of Asset Management, India.

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