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, with operations commencing from January 31, 2026.

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 and Operations

The transmission scheme achieved complete commissioning on January 31, 2026, marking the official start of operations for the renewable energy evacuation system. The Notification for Commercial Operation (DCO) was received via email on February 2, 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. The successful commissioning demonstrates the company's execution capabilities in large-scale transmission projects.

Power Grid Corporation of India successfully conducted its analysts and institutional investors meet on February 2, 2026, at Mumbai, where the senior management team discussed the company's business outlook following the declaration of Q3FY26 and 9MFY26 financial results. The company has now made audio and video recordings of the meet available for stakeholders, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Accessibility

The meet provided comprehensive insights into the company's performance for the quarter and nine months ended December 31, 2025. POWERGRID has ensured transparency by providing public access to the complete proceedings through dedicated links.

Financial Performance Highlights

The company's consolidated financial performance for 9MFY26 demonstrates steady growth across key metrics. Total income reached ₹35,714.00 crore compared to ₹34,869.00 crore in the previous period, marking a 2.00% increase.

For Q3FY26 specifically, the company reported consolidated total income of ₹12,599.00 crore against ₹11,743.00 crore in Q3FY25, representing a 7.00% increase. Profit after tax for the quarter stood at ₹4,185.00 crore compared to ₹3,862.00 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 ₹3.00 trillion as of December 31, 2025.

Project Execution and Strategic Initiatives

The company has revised its capex and capitalization guidance upward for FY26, indicating robust project execution capabilities. POWERGRID secured multiple TBCB projects during FY26, including transmission system strengthening initiatives worth ₹3,626.00 crore for Sonbhadra District, UP, and ₹2,723.00 crore for inter-regional strengthening between Southern and Eastern Region grids. The company also entered the Battery Energy Storage System segment, marking strategic diversification into emerging technologies.