Power Grid Corporation of India has secured investment approval worth ₹913.99 crore for procurement of cold spare transformers and reactors across multiple regional power committees. The Committee of Directors on Investment on Projects approved the comprehensive procurement plan during its meeting held on January 20, 2026.

Investment Breakdown Across Regional Power Committees

The approved investment encompasses three distinct procurement proposals, each targeting different regional power committees with specific cost allocations and implementation timelines.

Strategic Equipment Procurement Initiative

The procurement focuses on cold spare transformers and reactors, critical components for maintaining power transmission reliability and operational continuity. Cold spare equipment serves as backup infrastructure, ensuring minimal downtime during maintenance or unexpected equipment failures.

The Western Regional Power Committee (WRPC) allocation represents the largest component at ₹401.88 crore, followed by the Southern Regional Power Committee (SRPC) at ₹345.78 crore. The North Eastern Regional Power Committee (NERPC) receives the smallest allocation at ₹166.33 crore, reflecting regional infrastructure requirements and strategic priorities.

Implementation Timeline and Regulatory Compliance

All three procurement projects share a uniform implementation schedule of 30 months from the investment approval date. This standardized timeline suggests coordinated planning and execution across regional committees, enabling efficient resource allocation and project management.

The investment approval was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating POWERGRID's commitment to transparent corporate governance and regulatory compliance. Company Secretary and Compliance Officer Satyaprakash Dash signed the disclosure document on January 20, 2026.

Infrastructure Strengthening Impact

This substantial investment in cold spare equipment reflects POWERGRID's proactive approach to infrastructure resilience and operational reliability. The procurement spans multiple regional power committees, indicating a nationwide strategy to enhance transmission network stability and reduce operational risks through strategic equipment backup systems.

Despite ongoing volatility in the Indian stock market, several fundamentally strong companies are trading near their 52-week lows, presenting potential opportunities for long-term investors. The SENSEX fell 1,065 points while Nifty 50 declined 353 points to 25,232, creating a challenging environment where quality stocks with robust fundamentals are available at attractive valuations.

Companies with strong balance sheets and sustainable earnings have historically created long-term wealth, rewarding investors even during periods of market uncertainty. The following six stocks demonstrate solid business fundamentals despite trading close to their annual lows.

Engineering and Infrastructure Leaders

ABB India Ltd, the Bengaluru-based engineering and technology firm, provides industrial automation, robotics, power grids, and electrification solutions. The company reported strong operational performance in its latest quarter:

The company maintains impressive long-term metrics with a 3-year profit CAGR of 63% and sales CAGR of 21%, though recent TTM figures show moderation at 5% and 12% respectively.

Power Grid Corporation of India , India's largest electric power transmission utility, continues its steady operations despite modest growth rates. The Gurugram-based company showed resilient performance:

Power and Pharmaceutical Sectors

SJVN Ltd, the government-owned renewable energy company, focuses on hydroelectric, solar, and wind power generation. Based in Shimla, the company reported mixed quarterly results with revenue growth of 0.5% YoY to ₹1,032 crores, though net profits declined 30% YoY to ₹308 crores. The stock trades at ₹71.88, just 4% above its 52-week low of ₹69.

Sun Pharmaceutical Industries Ltd, India's largest pharmaceutical company, demonstrated solid growth momentum. The Mumbai-based company achieved 9% YoY revenue growth to ₹14,478 crores and 2.8% net profit growth to ₹3,125 crores in Q2FY26. With a 3-year profit CAGR of 20% and current trading price of ₹1,612, the stock remains only 4% above its 52-week low of ₹1,547.

Diversified Business Models

Adani Enterprises Ltd showed remarkable profit recovery with 71% YoY net profit growth to ₹3,414 crores, despite a 6% revenue decline to ₹21,249 crores. The flagship Adani Group company maintains an impressive 3-year profit CAGR of 78%, with shares trading at ₹2,056, merely 4% above the 52-week low of ₹1,964.

Avenue Supermarts Ltd (DMart) continues its retail expansion with strong financial performance. The company reported 13% YoY revenue growth to ₹18,101 crores and 18% net profit growth to ₹856 crores in Q3FY26. With consistent growth metrics including a 3-year profit CAGR of 22%, the stock trades at ₹3,661, approximately 9% above its 52-week low of ₹3,337.

Investment Considerations

These companies span diverse sectors from power transmission and pharmaceuticals to retail and engineering, offering varied exposure to India's economic growth. While short-term market volatility has pressured valuations, the fundamental business strength of these companies remains intact, as evidenced by their operational metrics and historical performance records.