Latest news about Power Grid Corporation of India
Power Grid Corporation of India
282.25
-2.15(-0.76%)
Company Performance:
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6M-2.96%
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More news about Power Grid Corporation of India
17Sept 25
Power Grid Corporation Sees Multiple Block Trades Worth Over Rs. 221 Crores on NSE, Wins Inter-State Transmission Project
Power Grid Corporation of India experienced significant block trades on the NSE, totaling over Rs. 221 crores. Three major trades were executed, involving 7,730,353 shares. The company recently secured an inter-state transmission system contract in Uttar Pradesh and Madhya Pradesh. Despite this, Power Grid's shares fell 0.64% to Rs. 286.50 on NSE. The company's latest financial results showed mixed performance with a 7.1% increase in net profit but a 1.4% decline in revenue.
05Sept 25
POWERGRID Schedules Board Meeting, Wins Transmission Project in Uttar Pradesh
Power Grid Corporation of India Limited (POWERGRID) has scheduled a Board meeting on August 8, 2022, to approve Q1 FY2023 financial results. The company's trading window will remain closed until August 10, 2022. Additionally, POWERGRID has been awarded a significant inter-state transmission system project in Uttar Pradesh, which includes establishing a new 765/400kV Pooling Sub-station, bay extension works, and 765kV transmission line works.
05Sept 25
POWERGRID Secures Bid for Major Transmission Project in Uttar Pradesh
Power Grid Corporation of India Limited (POWERGRID) has secured a bid for an inter-state transmission system project in Uttar Pradesh. The project, titled 'Transmission system for evacuation of power from Pumped Storage Projects in Sonbhadra District, Uttar Pradesh,' will be executed under the Tariff Based Competitive Bidding framework with a Build, Own, Operate, and Transfer model. It includes establishing a new 765/400kV Pooling Sub-station, bay extension works, and 765kV transmission line works. POWERGRID received the Letter of Intent on September 4, as announced to stock exchanges on September 5.
03Sept 25
Power Grid Corporation Executes Rs. 63.27 Crore Block Trade on NSE
Power Grid Corporation of India executed a significant block trade on the National Stock Exchange. The transaction involved 2,200,970 shares traded at Rs. 287.45 per share, totaling Rs. 63.27 crore. This large-scale trade highlights ongoing interest in the company's stock among major investors.
27Aug 25
Power Grid Corporation Secures Karnataka Transmission Project Through Competitive Bidding
Power Grid Corporation of India Limited (POWERGRID) has won a competitive bid for a transmission system strengthening project in Davanagere, Karnataka. The project, to be executed on a Build, Own, Operate, and Transfer (BOOT) basis, involves augmentation works at an under-construction sub-station. It aims to enhance the integration of renewable energy generation in the region. POWERGRID received the Letter of Intent for this inter-state transmission system project, which is expected to play a crucial role in increasing the area's capacity to incorporate renewable energy sources into the grid.
26Aug 25
POWERGRID Secures Shareholder Approval for ₹30,000 Crore Fundraising Plan, Invests ₹209 Crore in North-Eastern Expansion
Power Grid Corporation of India Limited (POWERGRID) held its 36th AGM, where shareholders approved a ₹30,000 crore fundraising plan through bonds and debentures. The company's 'Committee of Directors on Investment on Projects' also approved a ₹209.38 crore investment for the North-Eastern Region Expansion Scheme-XXIII, set to be completed by February 3, 2028. Other key AGM resolutions included adopting financial statements, confirming dividends, appointing directors, and increasing the borrowing limit to ₹25,000 crore.
26Aug 25
POWERGRID Approves ₹209.38 Crore North-Eastern Region Expansion Project
Power Grid Corporation of India Limited (POWERGRID) has approved the implementation of the North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII) at an estimated cost of ₹209.38 crore. The project, aimed at enhancing power infrastructure in the North-Eastern region, is set to be completed within 30 months from allocation. POWERGRID also held its 36th Annual General Meeting, addressing financial statements, dividends, and approving increased borrowing limits from ₹16,000 crore to ₹25,000 crore, along with authorization to raise funds up to ₹30,000 crore.
18Aug 25
POWERGRID Subsidiary Commissions Khavda Pooling Station-3 Project in Gujarat
POWERGRID KPS3 Transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Ltd., has successfully commissioned the Khavda Pooling Station-3 (KPS3) project in the Khavda Renewable Energy park. The project, secured through competitive bidding, achieved commercial operation on August 4, with official notification received on August 18. This development is part of the Inter-State Transmission System initiative, enhancing India's power transmission capabilities and supporting renewable energy infrastructure growth.
18Aug 25
Power Grid Corporation Announces Final Dividend, Joins Other Companies with August 19 Record Date
Power Grid Corporation of India has declared a final dividend of 12.5% (Rs 1.25 per share) with a record date of August 19. Eleven other listed companies, including Apollo Hospitals Enterprise, Industrial & Prudential Investment Company, and The Jammu & Kashmir Bank, have also announced dividends with the same record date. Notable dividend declarations include Apollo Hospitals at 200% (Rs 10.00 per share), Industrial & Prudential Investment at 1100% (Rs 110.00 per share), and The Jammu & Kashmir Bank at 215% (Rs 2.15 per share). Investors must purchase shares by the last trading day before the record date to qualify for these dividend payouts.
08Aug 25
POWERGRID Reports Strong Q1 Performance, Targets ₹28,000 Crore Annual Capex
Power Grid Corporation of India Limited (POWERGRID) reported robust Q1 financial results with total income of ₹11,444 crore and profit after tax of ₹3,631 crore. The company achieved a capex of ₹6,981 crore and maintained 99.84% system availability. POWERGRID targets annual capex of ₹28,000 crore and has a project pipeline worth ₹1,48,000 crore. Future growth catalysts include renewable energy integration, diversification into battery storage and green hydrogen, and international expansion. The company is also focusing on digital transformation, sustainability, and women empowerment initiatives.
06Aug 25
Power Grid Corporation Sees Rs. 43.32 Crore Block Trade on NSE, Approves Bond Issue
Power Grid Corporation of India Ltd. experienced a block trade of 1,523,439 shares at Rs. 284.35 per share on NSE, totaling Rs. 43.32 crore. The company also approved a bond issue of up to Rs. 5,000 crore, including a base issue of Rs. 1,000 crore and a green shoe option of Rs. 4,000 crore. The 10-year bonds will be unsecured, non-convertible, and listed on BSE and NSE.
05Aug 25
Power Grid Corporation Approves Rs 5,000 Crore Bond Issue
Power Grid Corporation of India Limited (POWERGRID) has approved raising up to Rs 5,000 crore through a bond issue. The 82nd bond issue includes a base size of Rs 1,000 crore with a green shoe option of Rs 4,000 crore. These are unsecured, non-convertible, non-cumulative, redeemable, taxable bonds with a 10-year tenure, to be issued on a private placement basis. The bonds will be listed on BSE and NSE, with annual interest payments and redemption at par at maturity.
04Aug 25
POWERGRID Executes ₹22.66 Crore Block Trade on NSE
Power Grid Corporation of India Limited (POWERGRID) completed a significant block trade on the National Stock Exchange. The transaction involved approximately 786,148 shares at ₹288.30 per share, totaling ₹22.66 crore. Block trades are large, privately negotiated transactions executed outside the open market, often used by institutional investors. While the parties involved were not disclosed, this trade suggests continued interest in POWERGRID shares among major investors. POWERGRID, a Maharatna Central Public Sector Enterprise, operates and maintains India's inter-state transmission system with a network of 171,950 circuit km, 271 substations, and 486,350 MVA transformation capacity.
01Aug 25
POWERGRID Reports Q1 Results: ₹11,444 Cr Total Income, Plans ₹28,000 Cr Capex
Power Grid Corporation of India Limited (POWERGRID) reported Q1 financial results with total income up 1% to ₹11,444.00 crore, while profit after tax decreased 2% to ₹3,631.00 crore. EBITDA fell 3% to ₹9,527.00 crore. The company commissioned 652 circuit kilometers of transmission lines and added 19,370 MVA transformation capacity. POWERGRID maintains a strong financial position with increased net worth and reduced customer dues. Future plans include works worth ₹1,48,644.00 crore and planned capex of ₹28,000.00 crore. Telecom and consultancy segments showed 17% growth.
30Jul 25
Power Grid Corp Plans Massive ₹30,000 Crore Fundraising Through Debt Securities
Power Grid Corporation of India Limited (POWERGRID) has announced plans to raise ₹30,000 crores through debt securities in FY 2026-27. The fundraising will be done via domestic bonds, issued under private placement, in one or more tranches. The securities will be secured or unsecured, non-convertible, non-cumulative, and redeemable. Additionally, POWERGRID's board has approved an increase in the borrowing limit for FY 2025-26 from ₹16,000 crore to ₹25,000 crore. As of June 30, 2025, POWERGRID's net worth stands at ₹96,481.97 crore, with total borrowings at ₹130,645.77 crore and a debt-equity ratio of 1.35.
30Jul 25
POWERGRID Reports Q1 Results, Approves Major Business Expansions and Joint Ventures
Power Grid Corporation of India Limited (POWERGRID) reported Q1 financial results with a total income of ₹11,257.00 crore and a net profit of ₹3,653.00 crore. The company's Board approved several strategic initiatives, including increasing the borrowing limit to ₹25,000.00 crore for FY2025-26, plans to raise ₹30,000.00 crore for FY2026-27, and participation in Tariff Based Competitive Bidding projects. POWERGRID also announced the formation of joint ventures with Nepal Electricity Authority for transmission interconnections between India and Nepal.
29Jul 25
POWERGRID to Consider 82nd Bond Issue, Extends Trading Window Closure
Power Grid Corporation of India Limited (POWERGRID) has scheduled a meeting on August 5, 2025, to consider its 82nd bond issue under private placement. The company has extended its trading window closure until August 7, 2025, with trading set to resume on August 8. Additionally, POWERGRID has announced an Analysts' and Institutional Investors' Meet for August 1, 2025, in Mumbai, following the declaration of Q1 financial results.
29Jul 25
Power Grid Corporation to Unveil Q1FY26 Financial Results on July 30
Power Grid Corporation of India, the country's largest electric power transmission utility, will release its Q1FY26 financial results on July 30. The Board of Directors will meet to approve the unaudited quarterly results. In Q4FY25, the company reported a slight decrease in consolidated net profit and an increase in total income. The stock has shown recent volatility, declining 2.20% in the past five trading sessions and 6.20% year-to-date. A trading window closure for designated persons is in effect from June 30 to August 1.
24Jul 25
POWERGRID Subsidiary Completes Major Inter-regional Transmission Project
POWERGRID ERWR Power Transmission Limited, a wholly-owned subsidiary of Power Grid Corporation of India Ltd., has successfully commissioned the 'Inter-regional ER-WR Interconnection' project. The project, secured through a Tariff Based Competitive Bidding process, was completed on June 10, with commercial operations notified on July 24. This initiative aims to enhance power transmission between Eastern and Western India, potentially improving the stability and efficiency of electricity distribution across the country.
11Jul 25
Power Grid Subsidiary Completes Major Transmission Project in Eastern and North Eastern Regions
POWERGRID ER NER Transmission Limited, a wholly-owned subsidiary of Power Grid Corporation of India Limited (PGCIL), has successfully commissioned the System Strengthening Scheme for Eastern and North Eastern Regions. The project, secured through a Tariff Based Competitive Bidding process, aims to enhance power transmission capabilities in these regions. The project has received its Notification for Commercial Operation (DOCO), signifying its readiness to contribute to the power grid. This development is expected to improve transmission capacity, reliability of power supply, and support economic growth in the Eastern and North Eastern states.
04Jul 25
Power Grid Corporation Sees Rs. 60.25 Crore Block Trade on NSE
Power Grid Corporation of India experienced a significant block trade on the National Stock Exchange. The transaction involved 2,058,379 shares at Rs. 292.70 per share, totaling Rs. 60.25 crores. This large-scale trade may indicate substantial investor interest or strategic moves by major shareholders, potentially impacting the company's stock price and trading patterns.
10Jun 25
Powergrid Corporation of India Approves ₹131.68 Crore Network Management System Project
Power Grid Corporation of India's board has approved a National Unified Network Management System project valued at ₹131.68 crore. The project, expected to be commissioned in 24 months, aims to enhance network management capabilities, improve efficiency, and provide better real-time monitoring across the country's power transmission network.
05Jun 25
Power Grid Corporation Boosts Transmission Capacity in Gujarat
Power Grid Corporation of India Limited (PGCIL) has operationalized Part-C of a project to increase Available Transfer Capability from the Inter-State Transmission System in Gujarat. This expansion aims to enhance transmission capacity, improve grid stability, and facilitate better inter-state power flow. The project is part of PGCIL's efforts to strengthen India's power transmission infrastructure, potentially leading to more reliable electricity supply in the region.
05Jun 25
Power Grid Corporation Expands Footprint: Acquires MEL Power Transmission for ₹8.53 Crore
Power Grid Corporation of India has acquired MEL Power Transmission Ltd (MPTL), a special purpose vehicle for implementing a transmission system in Madhya Pradesh. The acquisition, completed on June 4, 2023, involved a 100% equity stake purchase for ₹8.53 crore. This strategic move aims to strengthen Power Grid's presence in Madhya Pradesh and expand its transmission infrastructure.
04Jun 25
Power Grid Corporation of India Ltd Acquires MPTL for ₹8.53 Crore to Boost Mahan Power Project
Power Grid Corporation of India Limited (PGCIL) has acquired MEL Power Transmission Ltd (MPTL) for ₹8.53 crore. The acquisition includes a 400 kV double circuit transmission line project to be developed on a Build Own Operate Transfer (BOOT) basis. This strategic move aims to enhance power evacuation from Mahan Energen's generating station in Madhya Pradesh, expanding PGCIL's transmission network coverage and operational capacity.
22May 25
Power Grid Corporation Unveils Ambitious Capex Plans for FY 2025-28
Power Grid Corporation of India has announced escalating capital expenditure targets for the next three fiscal years, reaching ₹45,000 crores by FY 2027-28. The company exceeded its FY 2024-25 capex target, achieving ₹26,255 crores. With a robust business outlook of ₹306,600 crores, Power Grid is positioned for growth amid increasing power demand driven by India's economic expansion, urbanization, e-mobility adoption, and clean energy initiatives.
21May 25
Power Grid Corporation Signals Lower Dividend Payout for FY26 Amid Increased Capex
Power Grid Corporation of India Ltd. anticipates reducing dividend payouts for FY26 due to increased capital expenditure plans. The company projects capex of ₹28,000-30,000 crore, which may impact its ability to maintain recent dividend levels. Power Grid has already decreased its dividend from ₹11.25 per share in FY24 to ₹9 per share in FY25. This strategy aims to balance growth investments with shareholder returns, potentially affecting the stock's appeal to income-focused investors in the short term.
21May 25
POWERGRID Faces Project Delays and Potential Dividend Cut Amid Manpower Challenges
Power Grid Corporation of India Limited (POWERGRID) is experiencing significant operational challenges. The company reports project delays due to manpower shortages, extended timelines for planned projects, and a potential reduction in dividend payout. These issues could impact the company's revenue projections, operational efficiency, and attractiveness to investors. The situation may have broader implications for India's power transmission capabilities and the energy sector as a whole.
20May 25
Power Grid Corporation Reports Q4 Profit Decline, Announces Dividend
Power Grid Corporation of India Limited's Q4 results show a marginal 0.60% decrease in net profit to ₹4,143.00 crore, while revenue from operations increased by 2.50% to ₹12,275.00 crore. The board has recommended a final dividend of ₹1.25 per equity share, in addition to two interim dividends paid earlier in the fiscal year.
19May 25
Power Grid Corp to Divest Stakes in Torrent Power Grid and Sikkim Power Transmission
Power Grid Corporation of India Limited's Board of Directors has approved the sale of its stakes in Torrent Power Grid Ltd and Sikkim Power Transmission Ltd. While specific details about the percentages and financial terms are yet to be disclosed, this move is seen as part of the company's portfolio optimization strategy. The divestment could potentially lead to capital reallocation and a sharper focus on Power Grid's core transmission business.
19May 25
Power Grid Corporation of India: Q4 Profit Dips Slightly, Revenue Rises
Power Grid Corporation of India Ltd reported a 0.60% decrease in Q4 net profit to ₹4,143.00 crore, falling short of market expectations. However, revenue from operations increased by 2.50% to ₹12,275.00 crore. The board recommended a final dividend of ₹1.25 per equity share, in addition to two interim dividends paid earlier in the fiscal year.
16May 25
Power Grid Corporation of India Sets Date for Q4 Results and Dividend Announcement
Power Grid Corporation of India has announced important dates for financial disclosures and corporate actions. The company will release Q4 and FY24 results on May 19, along with considering a final dividend. An earnings call is scheduled for May 21. The trading window will be closed from March 31 to May 21 for designated persons.
13May 25
PowerGrid to Announce Q4 Results on May 19
Power Grid Corporation of India Limited (POWERGRID) will consider and approve its Q4 financial results on May 19, 2023. The announcement is expected to provide insights into the company's performance for the quarter ending March 31, 2023. Investors and analysts will be closely watching key financial metrics, including revenue growth and profit margins, as well as any guidance on future outlook. As a major player in India's power transmission sector, POWERGRID's results could have broader implications for the energy sector and market sentiment.
02May 25
POWERGRID Invests ₹964.44 Crore in Strategic Transmission Projects
Power Grid Corporation of India Limited (POWERGRID) has approved a ₹964.44 crore investment for three transmission projects. The projects include a ₹212.81 crore Bhadla/Bikaner Complex Evacuation project, a ₹342.69 crore Eastern Region Expansion Scheme-43, and a ₹408.94 crore Eastern Region Expansion Scheme-44. These projects aim to strengthen power evacuation from solar-rich regions and expand transmission infrastructure in the Eastern Region. All projects are scheduled for completion between March and June 2026, with some having accelerated timelines.
01May 25
Power Grid Corporation Approves ₹964.44 Crore Investment in Three Strategic Transmission Projects
Power Grid Corporation of India Limited (POWERGRID) has approved investments totaling ₹964.44 crore for three transmission projects. These include a ₹212.81 crore project to strengthen power evacuation from the Bhadla/Bikaner complex, and two Eastern Region Expansion Schemes (ERES-43 and ERES-44) worth ₹342.69 crore and ₹408.94 crore respectively. The projects are scheduled for completion between March and June 2026, with efforts to finish earlier. These investments aim to enhance India's power transmission infrastructure, improve renewable energy integration, and strengthen the Eastern region's power network.
25Apr 25
Power Grid Corp Energizes Green Portfolio with 85 MW Solar Plant in Madhya Pradesh
Power Grid Corporation of India Limited (PGCIL) has commenced commercial operations of an 85 MW solar photovoltaic power plant in Nagda, Ujjain district, Madhya Pradesh on April 24, 2025. The project, developed through POWERGRID Energy Services Limited, a wholly-owned subsidiary, marks PGCIL's expansion into renewable energy generation. This aligns with India's renewable energy goals and represents PGCIL's strategic diversification beyond its core transmission business.
24Apr 25
Power Grid Corporation of India Launches 85 MW Solar Plant in Madhya Pradesh
Power Grid Corporation of India (PGCIL) has commenced commercial operations of an 85 MW solar photovoltaic power plant in Nagda, Madhya Pradesh on April 24, 2025. The project, implemented through its wholly-owned subsidiary POWERGRID Energy Services Limited, marks PGCIL's expansion into renewable energy projects. This development aligns with India's clean energy goals and demonstrates PGCIL's commitment to diversifying its portfolio in the sustainable energy sector.
24Apr 25
Power Grid Corporation Launches 85 MW Solar Plant in Madhya Pradesh
Power Grid Corporation of India Limited (POWERGRID) has commenced commercial operations of an 85 MW solar photovoltaic power plant in Nagda, Ujjain district, Madhya Pradesh on April 24, 2025. The project, executed through its wholly-owned subsidiary POWERGRID Energy Services Limited, marks POWERGRID's expansion into renewable energy generation. This development aligns with India's renewable energy goals and represents a strategic diversification for the company, traditionally known for power transmission.
22Apr 25
Power Grid Corporation in Focus as India-Saudi Arabia Explore Electricity Grid Interconnectivity
Power Grid Corporation of India Limited (PGCIL) is positioned to play a crucial role in a potential energy cooperation initiative between India and Saudi Arabia. Prime Minister Narendra Modi revealed that both countries are conducting feasibility studies for electricity grid interconnectivity. As India's central transmission utility, PGCIL is likely to be at the forefront of this initiative, which could lead to enhanced energy security, operational efficiency, and technological advancements in power transmission for both nations.
18Apr 25
Power Grid Corp Subsidiary Successfully Commissions Raipur-Dhamtari Transmission Project
Power Grid Corporation of India Limited's wholly-owned subsidiary, POWERGRID Raipur Pool Dhamtari Transmission Limited, has successfully commissioned the Raipur-Dhamtari transmission project on March 26, 2025. The project, part of the Western Region Expansion Scheme-XXVII, was secured through a competitive bidding process. This development enhances Power Grid's role in strengthening India's power transmission infrastructure.
18Apr 25
Power Grid Corporation Expands Transmission Network with Raipur Pool Dhamtari Project
Power Grid Corporation of India Limited (POWERGRID) has successfully commissioned its Raipur Pool Dhamtari Transmission project on March 26, 2025, with commercial operations beginning on April 16, 2025. The project, part of the Western Region Expansion Scheme-XXVII, was implemented through a wholly-owned subsidiary and secured via a competitive bidding process. This development is expected to enhance power transmission capacity in the Western Region, reinforcing POWERGRID's role in strengthening India's power infrastructure.
08Apr 25
Power Grid Corporation of India Ltd. Executes Significant Block Trade on NSE
Power Grid Corporation of India Ltd. experienced a significant block trade on the NSE, involving 2,098,284 shares at Rs. 287.60 per share, totaling Rs. 60.35 crores. The company also filed a disclosure for Q1 2023 regarding dematerialization of securities, demonstrating regulatory compliance and transparency.
04Apr 25
Power Grid Corporation to Raise Up to ₹6,000 Crore Through Bond Issuance
Power Grid Corporation of India Limited (PGCIL) has announced plans to raise up to ₹6,000 crore through the issuance of unsecured, non-convertible bonds. The POWERGRID Bonds-LXXXI (81st) Issue 2025-26 will have a base issue size of ₹1,500 crore with a green shoe option of ₹4,500 crore. The 10-year bonds will be listed on BSE and NSE, with annual interest payments. The coupon rate will be determined through bidding on the Electronic Book Provider Platform.
02Apr 25
Power Grid Corporation Wins Bid for Mahan Energen Transmission Project, Plans Bond Issue
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an inter-state transmission system project in Madhya Pradesh under Tariff-Based Competitive Bidding. The project involves constructing a 400kV double circuit transmission line and associated bays. Additionally, POWERGRID announced plans for its 81st Non-Convertible Debenture issue, with the board meeting scheduled for April 4, 2023, to consider issuing unsecured, non-convertible, non-cumulative, redeemable, taxable bonds under private placement.
01Apr 25
Power Grid Corporation Secures Mahan Energen Transmission Project Bid in Madhya Pradesh
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for a transmission project in Madhya Pradesh. The project, to be executed on a BOOT basis, involves constructing a 400kV double-circuit transmission line and associated bays at Rewa PS sub-station. POWERGRID received the Letter of Intent on April 1, 2025. Additionally, the company has scheduled a meeting on April 4, 2025, to consider issuing bonds under private placement.
01Apr 25
Power Grid Corporation of India Approves ₹673.00 Crore Investment for Transformer Procurement and Considers Bond Issue
Power Grid Corporation of India's board has approved a ₹673 crore investment for transformer procurement, aimed at enhancing power transmission infrastructure. The company also announced a board meeting on April 4 to consider issuing bonds under private placement.
28Mar 25
Power Grid Corporation Approves ₹673.10 Crore Investment for Transformers and Acquires New Transmission Project
Power Grid Corporation of India Limited (POWERGRID) has approved a ₹673.10 crore investment for six 397 MVA Converter Transformers for the Talcher-Kolar HVDC link, to be commissioned by September 2027. Additionally, POWERGRID acquired Kurnool III PS RE Transmission Limited (KPRTL) from Power Finance Corporation, which includes augmentation of the Kurnool-III substation, extension of the C'peta Substation, and construction of a 765kV D/C Transmission Line in Andhra Pradesh.
27Mar 25
Power Grid Corporation Expands Transmission Network with Strategic Acquisition
Power Grid Corporation of India Limited (PGCIL) has acquired Kurnool III PS RE Transmission Limited (KPRTL) for approximately ₹19.04 crore on March 27, 2025. The acquisition includes a project to strengthen the transmission system at Kurnool-III PS for integrating additional renewable energy generation projects in Andhra Pradesh. The project involves augmenting transformation capacity, extending existing substations, and constructing a 765kV D/C transmission line. PGCIL will operate the project on a Build, Own, Operate, and Transfer (BOOT) basis, pending regulatory approvals for transmission license and charges adoption.
25Mar 25
Power Grid Corporation Expands Transmission Network with Rs 43.73 Crore Acquisition of Three SPVs
Power Grid Corporation of India Limited (POWERGRID) has acquired three Special Purpose Vehicles (SPVs) for Rs 43.73 crore to strengthen its transmission network. The acquisitions include Banaskantha Transco Limited (Rs 6.54 crore), Kurnool-IV Transmission Limited (Rs 18.56 crore), and Rajasthan V Power Transmission Limited (Rs 18.63 crore). These SPVs will implement various transmission projects under the BOOT model, focusing on ICT augmentation, establishing new substations, and setting up transmission lines across multiple states. The acquisitions aim to expand POWERGRID's network and support the integration of renewable energy zones.
22Mar 25
Power Grid Corporation of India: Senior Official Arrested for Bribery Amid Expansion Plans
Power Grid Corporation of India Ltd (PGCIL) is dealing with a bribery scandal as a general manager was detained by CBI for allegedly accepting a ₹2.50 lakh bribe. Simultaneously, PGCIL acquired two transmission projects: Fatehgarh II and Barmer I PS Transmission Limited (FIIBITL) in Rajasthan for ₹6.86 crore, and Chitradurga Bellary REZ Transmission Limited (CBRTL) in Karnataka for ₹19.71 crore. These acquisitions, totaling ₹26.57 crore, are part of PGCIL's expansion strategy in the power transmission sector.
21Mar 25
Power Grid Corporation Expands Transmission Network with Strategic Acquisitions
Power Grid Corporation of India Limited (POWERGRID) has made two significant acquisitions to strengthen its transmission infrastructure. The company acquired Fatehgarh II and Barmer I PS Transmission Ltd for 68.60 million rupees, and Chitradurga Bellary REZ Transmission Limited (CBRTL) for ₹19.71 crore. The CBRTL acquisition, completed on March 21, 2025, includes a new 765/400/220kV Pooling Sub-Station near Davangere/Chitradurga, a 400/220kV Pooling Sub-Station near Bellary, and various transmission lines in Karnataka. These moves align with POWERGRID's core business and aim to integrate renewable energy zones and improve transmission infrastructure across India.
17Mar 25
Power Grid Corp Invests ₹342 Crore in Two Strategic Transmission Projects
Power Grid Corporation of India Limited (PGCIL) has approved two major transmission projects totaling ₹342 crore. The first project, valued at ₹219 crore, is for evacuating power from the Ratle and Kiru hydroelectric projects. The second project, worth ₹123 crore, aims to augment transformation capacity in Karnataka. These investments are expected to improve power transmission efficiency, enhance grid stability, support renewable energy growth, and meet rising electricity demands across India.
13Mar 25
Power Grid Corporation Approves Major Transmission Projects and Appoints New Secretarial Auditor
POWERGRID has approved several transmission projects, including the Ratle and Kiru Hydroelectric Projects Transmission Scheme (₹218.55 crore) and Karnataka Transformation Capacity Augmentation (₹123.02 crore). The company also appointed M/s. Kumar Naresh Sinha & Associates as the Secretarial Auditor for FY 2024-25.
07Mar 25
Power Grid Corporation Secures Inter-State Transmission System Project in Andhra Pradesh
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for a significant inter-state transmission system project in Andhra Pradesh. The project, aimed at strengthening the transmission system at Kurnool-III PS for integrating additional renewable energy generation, will be executed on a BOOT basis. It includes augmenting transformation capacity at Kurnool-III substation, extension works at C'peta substation, and constructing a 765kV Double Circuit Transmission Line. The project underscores POWERGRID's commitment to enhancing India's electricity infrastructure and supporting renewable energy integration.
06Mar 25
Power Grid Corporation Secures Major Transmission System Project in Andhra Pradesh
Power Grid Corporation of India Limited (POWERGRID) has won a competitive bid for an inter-state transmission system project in Andhra Pradesh. The project, 'Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects', will be established on a BOOT basis. It includes augmenting transformation capacity at Kurnool-III substation, extending C'peta substation, and constructing a 765kV Double Circuit Transmission Line. The project aims to strengthen the transmission system for integrating additional renewable energy generation projects.
05Mar 25
Power Grid Corporation Secures Three Major Inter-State Transmission Projects
Power Grid Corporation of India Limited has secured bids for three inter-state transmission system projects through the Tariff Based Competitive Bidding process. This success expands Power Grid's portfolio, potentially boosting future revenue and reinforcing its leadership in India's power transmission sector. The projects are expected to enhance cross-state power distribution and grid stability, reflecting ongoing efforts to strengthen national power infrastructure.
04Mar 25
Power Grid Corporation Secures Three Major Inter-State Transmission Projects
Power Grid Corporation of India Limited (POWERGRID) has won bids for three significant inter-state transmission system projects under the Tariff Based Competitive Bidding process. The projects, to be established on a BOOT basis, include the Transmission System for Rajasthan REZ Ph-V, augmentation at Banaskantha PS in Gujarat, and the Transmission System for Integration of Kurnool-IV REZ in Andhra Pradesh and Karnataka. These projects involve substation augmentations, new substation establishments, and transmission line installations across multiple states. POWERGRID received Letters of Intent for these projects on March 3, 2025.
19Feb 25
Power Grid Corporation Expands Portfolio with Strategic Acquisition of Bidar Transco Limited
Power Grid Corporation of India Limited (PGCIL) has acquired Bidar Transco Limited (BTL) for approximately ₹6.52 crore. The acquisition, announced on February 18, 2025, involves BTL's project to augment transformation capacity at Bidar PS in Karnataka. PGCIL acquired 100% shareholding in BTL, consisting of 50,000 equity shares at ₹10 each. The project, to be executed on a BOOT basis, aligns with PGCIL's expansion strategy through the Tariff Based Competitive Bidding route. BTL, incorporated on November 5, 2024, is yet to commence commercial operations and obtain necessary regulatory approvals.
Industry PeersPower Grid Corporation of India
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