Power Grid Corporation | Business Upturn

Power Finance Corporation completes Rs 8.04 crore sale of subsidiary to Power Grid Corporation

Business Desk — Fri, 13 Mar 2026 07:21:11 +0000

Power Finance Corporation Limited has successfully transferred its wholly owned subsidiary, NES Pune East New Transmission Limited, to Power Grid Corporation of India Limited for a consideration of ₹8,04,74,138. The transaction was finalised on 12th March 2026.

NES Pune East New Transmission Limited was established for the development of the ‘Network Expansion Scheme in Maharashtra for removal of Transmission Constraints in Pune Region-I (765/400 Kv Pune East)’. The turnover or revenue contributed by this subsidiary was negligible during the last financial year.

The sale agreement was completed as per the Share Purchase Agreement, and the transaction does not fall within the purview of related party transactions. Additionally, it is not considered a slump sale. The sale and transfer were conducted in accordance with the guidelines issued by the Ministry of Power, Government of India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Power Grid Corporation of India acquires Kudankulam ISTS Transmission

Aditya Bhagchandani — Fri, 10 Jan 2025 14:04:44 +0000

Power Grid Corporation of India Limited (POWERGRID) has acquired Kudankulam ISTS Transmission Limited (KISTSTL) through Tariff Based Competitive Bidding (TBCB) for Rs 7.44 crore.

The acquisition includes 10,000 equity shares at Rs 10 each along with all assets and liabilities as of the acquisition date. The project entails establishing the “Transmission System under ISTS for evacuation of power from Kudankulam Unit – 3 and 4 (2×1000 MW)” on a Build, Own, Operate, and Transfer (BOOT) basis. This system will consist of a 400kV transmission line connecting Kudankulam Nuclear Power Plant units to the Tuticorin-II substation in Tamil Nadu.

KISTSTL, incorporated on June 28, 2024, was acquired as per the timelines set by the Bid Process Coordinator. Regulatory approvals such as the Grant of Transmission License and Adoption of Transmission Charges will be obtained from the Central Electricity Regulatory Commission (CERC). This acquisition is a significant step for POWERGRID, further strengthening its power transmission portfolio and facilitating the evacuation of nuclear power from Kudankulam units.

Power Grid Corporation of India secures 2 major projects under TBCB

Aditya Bhagchandani — Mon, 06 Jan 2025 12:59:08 +0000

Power Grid Corporation of India Limited POWERGRID) announced that it has been declared the successful bidder for two major projects under Tariff-Based Competitive Bidding (TBCB). These projects are aimed at establishing a robust Inter-State Transmission System on a Build, Own, Operate, and Transfer (BOOT) basis.

Details of the Awarded Projects:

Augmentation at KPS1 and KPS2 (Phase-V Part B1 and B2 Scheme)
- Scope: Augmentation of transformation capacity at under-construction sub-stations in Gujarat.
Augmentation at Bidar PS
- Scope: Expansion with 3×500 MVA, 400/220kV ICTs (6th-8th) and 1×1500 MVA, 765/400kV ICT (4th) at the Bidar sub-station in Karnataka.

Key Updates:

The Letter of Intent (LoI) for these projects was received by POWERGRID on January 6, 2025.
These projects signify POWERGRID’s continued focus on strengthening India’s transmission infrastructure and enhancing grid reliability.

Power Grid Corporation of India market cap surges by Rs 6,518 crore – Know More

Aditya Bhagchandani — Thu, 21 Nov 2024 06:05:01 +0000

Power Grid Corporation of India witnessed a positive trading session today, with its share price increasing by 2.22%, closing at Rs 322.05 compared to the previous close of Rs 315.05. This uptick in stock price resulted in an estimated market capitalization gain of Rs 6,518 crore, bringing the total market cap to Rs 2,99,525.95 crore.

Key Trading Highlights:

Previous Close: Rs 315.05
Closing Price: Rs 322.05
Market Cap Gain: Rs 6,518 crore
Current Market Cap: Rs 2,99,525.95 crore

Price and Volume Details:

Opening Price: Rs 316.00
Intraday High: Rs 322.40
Intraday Low: Rs 313.00
Volume Traded: 108.35 lakh shares
Turnover: Rs 344.46 crore

52-Week Performance:

52-Week High: Rs 366.25 (September 25, 2024)
52-Week Low: Rs 207.95 (November 21, 2023)

The strong performance reflects positive investor sentiment towards the company, supported by robust financials and growth potential in the power transmission sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or platform is not liable for any losses arising from the use of this information.

POWERGRID Q2 FY25 Results: Revenue flat at ₹11,277.76 crore, Profit grows marginally to ₹3,793.02 crore

Aditya Bhagchandani — Wed, 06 Nov 2024 11:10:24 +0000

Power Grid Corporation of India Ltd (POWERGRID) has released its financial results for the second quarter of FY 2024-25, showcasing steady performance. The company reported total revenue from operations at ₹11,277.76 crore, reflecting a slight year-on-year decrease from ₹11,267.07 crore in Q2 FY24. On a quarter-on-quarter basis, the revenue marked a growth from ₹11,006.18 crore in Q1 FY25.

In terms of profitability, POWERGRID recorded a net profit of ₹3,793.02 crore for Q2 FY25, which is an improvement over the previous quarter’s profit of ₹3,723.92 crore but a decline from ₹3,781.42 crore in the same period last year.

In addition to its financial results, POWERGRID declared an interim dividend of ₹4.50 per share for FY 2024-25, which will be payable on December 4, 2024. The board also approved the sale of a 26% stake in four of its associate companies to POWERGRID Infrastructure Investment Trust, a move expected to streamline its operational focus and enhance asset efficiency.

POWERGRID’s Q2 FY25 financial metrics, including revenue and net profit:

Metric	Q2 FY25	Q1 FY25	Q2 FY24	YoY Change (%)	QoQ Change (%)
Revenue from Operations	₹11,277.76 Cr	₹11,006.18 Cr	₹11,267.07 Cr	0.09%	2.47%
Net Profit for the Period	₹3,793.02 Cr	₹3,723.92 Cr	₹3,781.42 Cr	0.31%	1.86%

These strategic steps reflect POWERGRID’s commitment to maximizing shareholder value while expanding its operational footprint in India’s energy infrastructure sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Power Grid Corporation acquires PFC Consulting subsidiaries

Aman Shukla — Wed, 16 Oct 2024 05:19:22 +0000

Power Grid Corporation of India Limited (PGCIL) has successfully acquired the wholly-owned subsidiaries of PFC Consulting Limited in a strategic move to bolster its operational capabilities and expand its portfolio. This acquisition, announced today, is significant as it is not classified as a related party transaction or a slump sale, ensuring a transparent and structured transfer of assets.

The consideration for the sale was determined according to the Ministry of Power guidelines.

This acquisition underscores PGCIL’s commitment to strengthening its infrastructure and maintaining its leadership position in the power industry.

Power Grid Corporation secures major transmission system contract in Rajasthan

Aman Shukla — Thu, 10 Oct 2024 08:32:47 +0000

Power Grid Corporation of India Limited (POWERGRID) has recently informed exchanges that the company has emerged as the successful bidder for a transmission system project in Rajasthan.

The project, granted under tariff-based competitive bidding, includes setting up a new substation and transmission lines. POWERGRID obtained the Letter of Intent on October 9, 2024.

In the exchange filing, the company shared, “Power Grid Corporation of India Limited has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for the project namely “Transmission system for evacuation of power from Rajasthan REZ Ph -IV (Part-2: 5.5 GW) (Jaisalmer/Barmer Complex): Part F (By clubbing Part F1 & F2)” on build, own, operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India Limited on 09th October, 2024.

The project comprises the establishment of new 765/400/220kV Barmer-I Pooling substation, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Rajasthan.”

Power Grid Corporation shares rise over 4% following Goldman Sachs and Motilal Oswal ‘Buy’ ratings

Aditya Bhagchandani — Wed, 25 Sep 2024 04:03:34 +0000

Power Grid Corporation of India Ltd saw its shares surge over 4% during Wednesday’s trading session, fueled by positive momentum after Goldman Sachs included the stock in its list of 20 buy-rated picks. Along with Power Grid, Goldman Sachs also highlighted other stocks like Havells India, Polycab, Ashok Leyland, Mahindra & Mahindra, and Phoenix Mills.

In addition to Goldman Sachs, Motilal Oswal has issued a buy call on Power Grid Corporation of India with a target price of ₹425. The stock’s current market price is ₹345.4. Motilal Oswal’s optimism is backed by the company’s strong market presence, with a market cap of ₹3,19,801.26 crore, operating in the power sector.

Goldman Sachs’ India strategy note highlighted that the country’s earnings growth has stabilized after a decade-long downturn, making it one of the fastest-growing economies in the medium term. The report also predicted a shift in India’s profit pool towards investment cyclicals like auto, real estate, chemicals, and industrials, with power and new energy sectors expected to see growth.

As of 9:30 am, Power Grid shares were trading 4.06% higher at ₹364.25 on the NSE.