Latest news about Power Grid Corporation of India
HSBC Raises Power Grid Corporation Target Price to Rs 290 on Project Acceleration
Power Grid Corporation of India
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More news about Power Grid Corporation of India
09Mar 26
POWERGRID Board Approves ₹5,000 Crore Fund Raising and Strategic Investments
POWERGRID's board meeting resulted in approval of major financial and strategic initiatives including ₹5,000 crore borrowing facility from Union Bank of India and ₹233.96 crore investment in centralized security operations center. The company also approved divestment of its entire CTUIL subsidiary stake to GRID-INDIA and entered strategic alliance for Uganda transmission project development.
04Mar 26
Power Grid Corp: SEBI Granted Relaxation Sought By Company For Certain Regulations
Power Grid Corporation of India has received SEBI approval for regulatory relaxation from certain LODR compliance requirements, specifically exemptions from Regulation 17(10) and 25(4) provisions. The regulatory relief, which becomes effective March 2, 2026, provides operational flexibility while maintaining governance oversight for the state-owned power transmission utility.
28Feb 26
POWERGRID Fined Rs 10.86 Lakh by BSE and NSE for Board Composition Non-Compliance
Power Grid Corporation of India faces regulatory fines totaling Rs 10.86 lakh from BSE and NSE for board composition non-compliance during Q3 FY26. The company has requested fine waivers citing government entity constraints in director appointments and has escalated the matter to Ministry of Power for filling vacant Independent Director positions.
25Feb 26
Cabinet Approves Enhanced Investment Powers for POWERGRID, Raises Equity Threshold to Rs.7,500 Crore
The Cabinet Committee on Economic Affairs has approved enhanced investment powers for Power Grid Corporation of India, increasing the equity investment threshold from Rs.5,000 crore to Rs.7,500 crore per subsidiary while keeping the net worth cap unchanged at 15%. This approval strengthens POWERGRID's capacity to participate in capital-intensive transmission projects and supports India's renewable energy expansion goals.
24Feb 26
POWERGRID Subsidiary Successfully Completes Rajasthan Solar Transmission Project
Power Grid Corporation's subsidiary POWERGRID Narela Transmission Limited has successfully completed a major transmission project for Rajasthan's Solar Energy Zones with 8.1 GW capacity. The inter-state transmission system was commissioned on 07th December, 2025, with commercial operations beginning after receiving DOCO notification on 24th February, 2026.
13Feb 26
POWERGRID Completes Acquisition of Bellary Davanagere Power Transmission Limited for Rs. 13.02 Crore
Power Grid Corporation of India Limited completed the acquisition of Bellary Davanagere Power Transmission Limited on 12.02.2026 for Rs. 13.02 crore under TBCB route. The acquisition provides 100% shareholding control and involves establishing transmission infrastructure for renewable energy integration at Davanagere (0.25 GW) and Bellary (2.75 GW) in Karnataka. The project includes 400 kV double circuit transmission lines with associated infrastructure works on build, own, operate and transfer basis.
12Feb 26
Fitch Ratings Revises POWERGRID's Stand-Alone Credit Profile to 'bbb' from 'bbb+'
Fitch Ratings revised POWERGRID's stand-alone credit profile to 'bbb' from 'bbb+' on February 12, 2026, due to analytical recalibration under revised Corporate Rating Criteria. The rating agency clarified this change does not reflect deterioration in business fundamentals, financial performance, or liquidity. POWERGRID's Long-Term Foreign and Local Currency Issuer Default Ratings remain unchanged at 'BBB-' with stable outlook, maintaining alignment with sovereign rating.
11Feb 26
POWERGRID Wins Maharashtra Transmission Project Under Tariff Based Competitive Bidding
Power Grid Corporation of India Limited has been declared the successful bidder for Maharashtra's transmission project under Tariff Based Competitive Bidding, receiving the Letter of Intent on February 11, 2026. The project involves establishing transmission infrastructure including an AIS Substation in Ahilyanagar District, 765kV and 400kV transmission lines, and bay extensions to address transmission constraints in Pune Region-I on a BOOT basis.
03Feb 26
Power Grid Corporation Acquires SR And ER Power Transmission Ltd
Power Grid Corporation of India has completed the acquisition of SR And ER Power Transmission Ltd, expanding its transmission infrastructure portfolio. This strategic transaction strengthens the company's position in India's power transmission sector and enhances its operational capabilities through targeted consolidation.
03Feb 26
Power Grid Corporation Executes ₹26.85 Crore NSE Block Trade at ₹282.05 Per Share
Power Grid Corporation of India Ltd. completed a significant NSE block trade involving 952,064 shares at ₹282.05 per share, totaling ₹26.85 crores. This substantial institutional transaction demonstrates notable market activity and investor interest in the power transmission company's stock.
02Feb 26
POWERGRID Completes Q3FY26 Investor Meet with Audio-Video Recordings Available
Power Grid Corporation of India successfully conducted its analysts and institutional investors meet on February 2, 2026, discussing Q3FY26 and 9MFY26 financial results. The company has made audio and video recordings available for stakeholders, showing transparency in investor relations. Financial performance indicates steady growth with total income reaching ₹35,714.00 crore for 9MFY26.
02Feb 26
POWERGRID Commissions 4.5GW Khavda Transmission Project for Renewable Energy
Power Grid Corporation of India has successfully commissioned a major 4.5GW renewable energy transmission project at Khavda PS through its subsidiary POWERGRID Khavda II-C Transmission Limited. The Inter-State Transmission System project, secured through competitive bidding, began operations on January 31, 2026, with commercial operation notification received on February 2, 2026, strengthening India's renewable energy evacuation infrastructure.
31Jan 26
POWERGRID Board Approves Withdrawal from PTC India Limited and Relinquishment of Promoter Rights
POWERGRID's Board approved withdrawal of its nominee director from PTC India Limited and relinquishment of all promoter rights during a meeting on 30th January, 2026. This decision follows a Ministry of Power directive dated 16th January 2026 and has been disclosed under SEBI LODR Regulation 30, marking a strategic shift in the company's relationship with PTC India Limited.
30Jan 26
POWERGRID Reports Strong Q3FY26 Results with Board Approval for Dividend & Borrowing
Power Grid Corporation delivered impressive Q3FY26 performance with revenue growth of 8.70% to ₹11,005.28 crore and net profit increase of 6.80% to ₹4,160.17 crore. The company's EBITDA margin expanded to 85.95% from 84.92% year-on-year, demonstrating operational excellence. The Board approved a second interim dividend of ₹3.25 per share and authorized borrowing of up to ₹32,000 crore for strategic expansion plans.
25Jan 26
POWERGRID Board Approves Promotion of 12 Senior Officials to Executive Director Positions
POWERGRID's Board of Directors approved the promotion and appointment of 12 senior officials as Executive Directors on January 25, 2026. The appointments include CEOs from subsidiary companies POWERTEL, PESL, and EESL, along with leaders from engineering, IT, HR, and regional operations. The newly appointed executives bring 30-35 years of experience across diverse functions including HVDC systems, renewable energy projects, digital transformation, and grid management, strengthening the company's senior management structure.
23Jan 26
POWERGRID Schedules Board Meeting on January 30, 2026 for Q3FY26 Financial Results and Interim Dividend Consideration
POWERGRID has scheduled a Board of Directors meeting for January 30, 2026, to consider Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025, and potential declaration of the second interim dividend for FY 2025-26. The company has set February 9, 2026, as the record date for dividend eligibility, while the trading window remains closed from December 31, 2025, until February 1, 2026, reopening on February 2, 2026.
20Jan 26
POWERGRID Approves ₹913.99 Crore Investment for Cold Spare Transformers and Reactors Procurement
Power Grid Corporation of India received Committee of Directors approval for ₹913.99 crore investment in cold spare transformers and reactors procurement on January 20, 2026. The investment covers three regional power committees: ₹401.88 crore for 51st WRPC, ₹345.78 crore for 53rd SRPC, and ₹166.33 crore for 28th NERPC, all scheduled for 30-month implementation timelines.
16Jan 26
Power Grid Corporation Subsidiary Successfully Commissions Major Rajasthan Transmission Project
Power Grid Corporation of India Ltd announced that its wholly owned subsidiary POWERGRID Bhadla Sikar Transmission Limited successfully commissioned a major transmission project on January 14, 2026. The project involves an 8.1GW solar energy evacuation system in Rajasthan under Phase II – Part E, secured through competitive bidding. Commercial operation notification was received on January 16, 2026.
09Jan 26
POWERGRID Secures 3 GW Renewable Energy Transmission Projects in Karnataka
Power Grid Corporation of India has won a significant 3 GW renewable energy transmission project in Karnataka, involving infrastructure development at Davanagere (250 MW) and Bellary (2.75 GW) locations. The project includes substantial equipment installations, transmission line development, and must be completed within 24 months, supporting Karnataka's 17 GW renewable energy potential.
09Jan 26
Power Grid Corporation Secures Major Karnataka Transmission Project for 3 GW Renewable Energy
Power Grid Corporation of India secured a major inter-state transmission project in Karnataka to evacuate 3 GW of renewable energy from Davanagere and Bellary under the BOOT model. The announcement drove shares up 2% to ₹264.20. In Q2 FY26, the company reported revenue of ₹11,476.00 crores (up 2% YoY) but net profit declined to ₹3,566.00 crores from ₹3,793.00 crores. The company maintains a strong order book of ₹1,52,287.00 crores and operates one of the world's largest transmission networks.
09Jan 26
Power Grid Corporation Witnesses ₹39.77 Crore Block Trade on NSE
Power Grid Corporation of India recorded a significant block trade on NSE worth ₹39.77 crores, involving 1,514,925 shares at ₹262.55 per share. The transaction reflects institutional participation and market interest in the power transmission utility stock.
09Jan 26
Power Grid Corporation Wins Karnataka Renewable Energy Transmission Project Worth 3 GW
Power Grid Corporation of India won an inter-state transmission project in Karnataka for integrating 3 GW renewable energy capacity at Davanagere and Bellary under TBCB framework. The BOOT basis project includes 400 kV transmission lines and infrastructure augmentation. Q2 FY25 results showed 6% decline in net profit to ₹3,566.00 crore despite 1.8% revenue growth to ₹11,476.00 crore, with EBITDA falling 6.1% to ₹9,114.00 crore.
07Jan 26
Power Grid Corporation Witnesses ₹21.58 Crore Block Trade on NSE
Power Grid Corporation of India recorded a significant block trade on NSE worth ₹21.58 crores, involving 817,608 shares at ₹264.00 per share. The transaction reflects institutional investor activity in the power transmission sector and demonstrates continued market interest in the company's strategic position in India's energy infrastructure.
01Jan 26
Power Grid Corporation Achieves 50% Green Energy Consumption Milestone
Power Grid Corporation of India Limited has achieved a major sustainability milestone by meeting 50% of its energy consumption through green energy sources, aligning with its ESG goals. The achievement was accomplished through multiple initiatives including rooftop solar installations and a Solar PV plant at Nagda, implemented across the company's pan-India installations.
31Dec 25
Power Grid Corporation Wins 2,000 MWh Battery Energy Storage Project in Andhra Pradesh
Power Grid Corporation of India won a 2,000 MWh battery energy storage project in Andhra Pradesh through competitive bidding, receiving the Letter of Award on December 29, 2024. The project involves developing a standalone BESS under the Build-Own-Operate model with Viability Gap Funding support, including a 150 MW / 300 MWh facility at Kalikiri substation in Chittoor district.
22Dec 25
Power Grid Gets Nod to Merge 13 Units Into 2 for Enhanced Efficiency
Power Grid Corporation of India has obtained regulatory approval to consolidate 13 of its business units into 2 entities. This strategic move aims to streamline operations, reduce costs, enhance decision-making processes, and optimize resource allocation. The consolidation is expected to simplify the company's organizational structure and improve overall operational efficiency.
18Dec 25
POWERGRID Subsidiary Launches Khavda Phase-II Part-B Interstate Transmission Project
Power Grid Corporation of India's subsidiary has initiated the Khavda Phase-II Part-B Interstate Transmission Project. This strategic infrastructure development aims to enhance connectivity and strengthen transmission capabilities across state boundaries, supporting the modernization and expansion of India's national power transmission network.
18Dec 25
POWERGRID Subsidiary Commissions 4.5GW Khavda Transmission Project in Gujarat
POWERGRID announced the successful commissioning of a major transmission project by its wholly owned subsidiary POWERGRID Khavda II-B Transmission Limited. The project involves a transmission scheme for evacuating 4.5GW renewable energy at Khavda PS under Phase-II, Part-B, which commenced commercial operations on December 13, 2025, with DOCO notification received on December 18, 2025.
17Dec 25
POWERGRID Successfully Commissions Western Region Expansion Scheme-XXV Project
Power Grid Corporation of India Limited has successfully commissioned the Western Region Expansion Scheme-XXV (WRES-XXV) project. The project was commissioned on November 12, 2025, with the Notification for Commercial Operation (DOCO) confirmed on December 17, 2025. This announcement, made in compliance with SEBI regulations, signifies a significant expansion of India's power transmission infrastructure.
17Dec 25
Power Grid Approves ₹1,227 Cr HVDC System Upgrade
Power Grid Corporation of India's board has approved a ₹1,226.93 crore investment to upgrade the Bhadrawati HVDC back-to-back system. The project, located in Bhadrawati (Chandarpur), involves refurbishing a 2X500MW HVDC system under the Additional Capital Expenditure 2024-29 Tariff Block. The implementation is scheduled to take 36 months from the award date, highlighting the company's commitment to enhancing India's power transmission infrastructure.
16Dec 25
POWERGRID Declared Successful Bidder for Inter-Regional SR-ER Grid Strengthening Project
Power Grid Corporation of India has been declared successful bidder for the Inter-Regional Strengthening transmission project connecting Southern and Eastern grids. The project involves 765kV double circuit transmission lines spanning Odisha and Andhra Pradesh states, to be executed on Build, Own, Operate and Transfer basis under Tariff Based Competitive Bidding.
10Dec 25
Power Grid Corporation Announces Major Subsidiary Merger Plan and Trading Window Closure
Power Grid Corporation of India Limited has scheduled a board meeting for December 20, 2025, to approve the amalgamation of 13 wholly owned subsidiaries into 2 other wholly owned subsidiaries, along with associated merger schemes. The company has implemented a trading window closure from December 11-22, 2025, with trading resuming on December 23, 2025. This corporate restructuring represents a significant consolidation effort within the company's subsidiary structure.
29Nov 25
Power Grid Corporation Faces Rs 10.86 Lakh Fine for Board Composition Non-Compliance
Power Grid Corporation of India Limited (POWERGRID) has been fined Rs 10.86 lakh by BSE and NSE for non-compliance with board composition requirements. The company failed to meet Regulation 17(1) of SEBI's Listing Obligations and Disclosure Requirements for the quarter ended September 30. POWERGRID, a government company, states that director appointments are made by the President of India. They have approached the Ministry of Power to fill vacant Independent Director positions and requested a waiver of the fines from both exchanges. Despite this, POWERGRID's financial position remains strong, with growth in total assets and equity.
22Nov 25
POWERGRID Forges Strategic Partnership with Nepal Electricity Authority for Cross-Border Power Transmission
Power Grid Corporation of India Limited (POWERGRID) has entered into Joint Venture and Shareholders Agreements with Nepal Electricity Authority (NEA) to develop high-capacity power transmission links between India and Nepal. Two Joint Venture Companies will be formed, one in India (POWERGRID 51%, NEA 49%) and one in Nepal (POWERGRID 49%, NEA 51%). The project includes two 400kV Double Circuit transmission links: Inaruwa (Nepal) - New Purnea (India) and Lamki (Dododhara) (Nepal) - Bareilly (India). This partnership aims to enhance cross-border power transmission infrastructure and strengthen energy ties between the two countries.
17Nov 25
Power Grid Corporation Approves Rs 3,800 Crore Bond Issue for Fundraising
Power Grid Corporation of India Limited (POWERGRID) has approved raising up to Rs 3,800 crore through a bond issue. The 'POWERGRID Bonds - LXXXIII (83rd) Issue 2025-26' will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. The base issue size is Rs 1,000 crore with a green shoe option of Rs 2,800 crore. The bonds will be listed on BSE and NSE, have a 10-year tenure with annual redemptions, and yearly interest payments. This move aims to strengthen POWERGRID's capital base for potential expansion and operational needs.
13Nov 25
PowerGrid Reports Flat Revenue Growth Despite Rs 4,587 Crore Capitalization in Q2
Power Grid Corporation of India reported flat revenue growth for the first half of the fiscal year, despite capitalizing Rs 4,587 crores worth of projects. Total income stood at Rs 23,115 crores, with a profit after tax of Rs 7,197 crores. The company faces challenges with right-of-way acquisition delays but expects to commission Rs 20,000 crores worth of projects by fiscal year-end. PowerGrid has an ambitious capital expenditure plan, increasing from Rs 28,000 crores this fiscal year to Rs 45,000 crores in the following year. The company is exploring opportunities in battery energy storage systems and data centers, with a 1,000-rack facility expected to be commissioned soon.
08Nov 25
PowerGrid Corporation Announces Change in Joint Statutory Auditors for FY 2025-26
Power Grid Corporation of India Limited has announced a change in its joint statutory auditors for FY 2025-26. M/s. ASA & Associates LLP, New Delhi, will replace M/s. Rama K Gupta & Co., New Delhi, effective November 8, 2025. The appointment, made by the Comptroller and Auditor General of India (CAG), is for a one-year term. The outgoing auditor resigned due to another statutory audit assignment from CAG. M/s. ASA & Associates LLP, established in 1991, brings over 34 years of experience and expertise in various financial services.
07Nov 25
Power Grid Corporation Announces Rs 4.50 Interim Dividend for FY 2025-26
Power Grid Corporation of India has declared its first interim dividend of Rs 4.50 per equity share for FY 2025-26, representing 45% of the face value. The record date and ex-dividend date are set for November 10, 2025, with payment scheduled for December 1, 2025. Investors must purchase shares before the ex-dividend date to be eligible. Other companies trading ex-dividend on the same date include Ajanta Pharma, Aurionpro Solutions, Godfrey Phillips India, Route Mobile, and Transcorp International.
06Nov 25
Power Grid Unveils Ambitious Multi-Year Capital Expenditure and Capitalization Plan
Power Grid Corporation of India Limited has announced its capital expenditure and capitalization plans for upcoming fiscal years. The company projects capex to increase from INR 28,000-30,000 crores in FY26 to INR 45,000 crores in FY28. Capitalization is expected to grow from INR 20,000 crores in FY26 to INR 28,000 crores in FY28. Power Grid recently held a webinar for investors and analysts to discuss its business outlook following the declaration of financial results for Q2 and H1 of FY26.
04Nov 25
PowerGrid Reports Strong H1 FY26 Performance with Record Works in Hand and ₹1.3 Lakh Crore Capital Investment Plan
Power Grid Corporation of India Limited (PowerGrid) reported robust performance for H1 FY26 with total income of ₹23,115.00 crore and profit after tax of ₹7,197.00 crore. The company announced a ₹1.3 lakh crore capital expenditure plan over the next five years, focusing on digital grid modernization and green energy corridors. PowerGrid maintains high operational standards with 99.83% system availability and has achieved a record works in hand of ₹1,52,287.00 crore. The company's investment strategy aims to meet rising power demand and support renewable energy integration into the national grid.
03Nov 25
Power Grid Corp Reports Mixed Q2 Results with Revenue Growth but Profit Decline
Power Grid Corporation of India Limited reported mixed Q2 results. Consolidated net profit decreased by 6.05% to ₹35.7 billion, while revenue increased by 1.59% to ₹114.8 billion. EBITDA fell by 6.19% to ₹91 billion, and the EBITDA margin contracted to 79.42% from 86.02%. The company faces challenges in maintaining profitability despite slight revenue growth, indicating increased operational costs or other factors affecting the bottom line.
03Nov 25
Power Grid Corp Declares Rs 4.50 Interim Dividend, Plans Rs 60 Billion SBI Funding
Power Grid Corporation of India Limited (POWERGRID) has announced a first interim dividend of Rs 4.50 per equity share for FY 2025-26, with a record date of November 10, 2025, and payment date of December 1, 2025. The company's Board has also approved raising up to Rs 60 billion through an unsecured loan or line of credit from the State Bank of India. These decisions were made alongside the approval of unaudited financial results for Q2 and H1 of FY 2025-26.
02Nov 25
Power Grid Corporation to Announce Q2 FY26 Results, Consider Interim Dividend
Power Grid Corporation of India Limited will release its Q2 and H1 FY2025-26 financial results on November 3, 2025. The Board will also consider declaring the first interim dividend for FY 2025-26. An earnings call is scheduled for November 4, 2025, at 4 p.m. IST. The record date for the potential dividend is set for November 10, 2025. In the previous quarter, Power Grid reported a 3% year-on-year decrease in net profit to ₹3,630.50 crore, while revenue increased by 1.7% to ₹11,196.20 crore. The company's stock has shown recent volatility with a 5-day performance of -0.47% and a year-to-date performance of -7.17%.
24Oct 25
Power Grid Corporation Executes Rs. 120.98 Crore Block Trade on NSE
Power Grid Corporation of India conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved approximately 4,163,114 shares at Rs. 290.60 per share, totaling Rs. 120.98 crores. This large, privately negotiated transaction was executed outside the open market, potentially indicating institutional activity or changes in major shareholding patterns.
17Oct 25
Power Grid Corporation Expands Transmission Network with Strategic Acquisition
Power Grid Corporation of India Limited (POWERGRID) has acquired SR WR Power Transmission Limited (SRWRPTL) for approximately Rs. 11.29 crore. The acquisition, completed on October 17, 2025, involves 50,000 equity shares at Rs. 10.00 per share. SRWRPTL will establish 765 kV double circuit transmission lines connecting Karnataka and Maharashtra, operating under a Build, Own, Operate, and Transfer (BOOT) model. The project aims to enhance power transmission capabilities between Southern and Western grids of India. SRWRPTL still needs to obtain a transmission license and have transmission charges adopted by the Central Electricity Regulatory Commission before commencing operations.
03Oct 25
Power Grid Corporation Executes Rs. 83.83 Crore Block Trade on NSE
Power Grid Corporation of India conducted a block trade on the National Stock Exchange (NSE) worth ₹83.83 crore. The transaction involved 2,943,301 shares traded at ₹284.80 per share. This significant trade indicates potential strategic moves by institutional investors or large shareholders, although the specific parties involved were not disclosed.
30Sept 25
POWERGRID Secures Major Inter-State Transmission System Project
Power Grid Corporation of India Limited (POWERGRID) has secured a bid for an inter-state transmission system project titled 'Inter-Regional Strengthening between SR Grid and WR Grid'. The project involves establishing 765 kV D/c transmission lines connecting Karnataka and Maharashtra, along with associated line bays. POWERGRID will execute this project on a Build, Own, Operate, and Transfer (BOOT) basis, aiming to enhance power grid connectivity between Southern and Western regions of India. The company received the Letter of Intent on September 29, reinforcing its position in the power transmission sector.
26Sept 25
POWERGRID Approves ₹705.51 Crore Investment in Grid Communication and Emergency Infrastructure
Power Grid Corporation of India Limited (POWERGRID) has approved two major infrastructure projects totaling ₹705.51 crore. The first project, valued at ₹209.68 crore, involves implementing a VOIP communication system for pan-India grid operations across five regions, to be commissioned by August 23, 2026. The second project, budgeted at ₹495.83 crore, focuses on procuring 20 sets (300 towers) of Emergency Restoration System under the Make in India initiative, with a commissioning deadline of April 19, 2027. These investments aim to enhance grid operations, improve disaster preparedness, and contribute to India's power sector goals.
24Sept 25
Power Grid Corporation Expands Renewable Energy Integration with Rs 6.53 Crore Acquisition
Power Grid Corporation of India Limited (POWERGRID) has acquired Davanagere Power Transmission Limited (DPTL) for approximately Rs 6.53 crore. The acquisition includes 100% shareholding of DPTL, comprising 50,000 equity shares at Rs 10 each. DPTL is a special purpose vehicle established to develop the 'Transmission System Strengthening at Davanagere for Integration of RE Generation' project in Karnataka. The project involves augmentation works at an under-construction sub-station in Davanagere, operating on a build, own, operate, and transfer (BOOT) basis. POWERGRID will seek approvals from the Central Electricity Regulatory Commission for transmission license and adoption of transmission charges.
19Sept 25
Power Grid Corporation Secures Inter-State Transmission Project in Madhya Pradesh
Power Grid Corporation of India Limited (POWERGRID) has won a new inter-state transmission system project through competitive bidding. The project, to be executed on a BOOT basis, involves augmenting transformation capacity and implementing line bays at Mandsaur substation in Madhya Pradesh. Aimed at enhancing renewable energy integration, POWERGRID received the Letter of Intent on September 19, 2025. This project is expected to strengthen Madhya Pradesh's power infrastructure and support India's renewable energy goals.
18Sept 25
Power Grid Corporation Executes ₹191.73 Crore Block Trade on NSE
Power Grid Corporation of India conducted a block trade of 6,644,685 shares at ₹288.55 per share on the National Stock Exchange, totaling ₹191.73 crore. The company has also been declared a successful bidder for an inter-state transmission system project, which includes establishing a new 765 kV Sub-Station in Prayagraj and constructing 765 kV D/c Transmission Lines across Uttar Pradesh and Madhya Pradesh.
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.
17Sept 25
POWERGRID Secures Major Inter-State Transmission Project to Boost NR-WR System
Power Grid Corporation of India Limited (POWERGRID) has secured a significant inter-state transmission system project through a competitive bidding process. The project, aimed at strengthening the transmission system between Northern and Western regions of India, includes establishing a new 765 kV Sub-Station in Prayagraj, Uttar Pradesh, and constructing 765 kV Double Circuit Transmission Lines across Uttar Pradesh and Madhya Pradesh. This BOOT (Build, Own, Operate and Transfer) project is designed to alleviate load on the existing 765 kV Vindhyachal-Varanasi line, enhancing power transmission efficiency between the regions.
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
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.
Industry PeersPower Grid Corporation of India
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