Power Grid's consolidated profit dropped 4.1 per cent year-on-year (Y-o-Y) to Rs 3,861.6 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 4,028.3 crore in Q3FY24
The state-run energy transmission company's consolidated net profit fell 4% to 38.62 billion rupees ($443.5 million) in the three months to Dec. 31
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Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday's intraday
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The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.
State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing. Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago. The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25. The board also approved the proposal to sell, assign, transfer 26 per cent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).
Q2 results today, November 6: Aadhar Housing Finance, Power Grid Corporation of India, and Jindal Steel & Power will be releasing their Q2FY25 results today
Infrastructure bonds have a tenor of at least seven years and the proceeds are utilised by banks to fund long-term infrastructure projects
Power Grid Corporation shares have yielded a return of 68.40 per cent in the last one year, and 112.72 per cent in the last two years
Power Grid will install STATCOMs--electronic devices that regulate voltage on power grids, at Khavda along with associated bay extension work in Gujarat
Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan. In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding (TBCB) process. "Power Grid has acquired Bhadla-III Power Transmission for establishing the transmission system associated with additional transmission system for evacuation of power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)," it said. The Project is an Inter State Transmission System Project and is to be commissioned in 18 months from the date of transfer of the SPV.
State-owned Power Grid Corporation on Friday said it has received shareholders' approval to raise the borrowing limit to Rs 15,000 crore for the 2024-25 fiscal year. The approval was received at its annual general meeting held on Thursday, the company said. Based on the consolidated report of the scrutiniser, all resolutions as set out in the notice of 35th annual general meeting read with addendum to the notice dated August 12, 2024, have been duly approved by shareholders with requisite majority, according to a BSE filing. The company said shareholders approved the resolution to enhance the borrowing limit from Rs 12,000 crore to Rs 15,000 crore, from the domestic market through the issue of secured/unsecured, non-convertible, cumulative/non-cumulative, redeemable, taxable/tax-free debentures/bonds under private placement for the 2024-25 financial year, it stated. The shareholders also approved the proposal to raise funds up to Rs 16,000 crore, from domestic market through the ..
Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd. The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said. Sirohi Transmission shall implement a system comprising establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C transmission lines and associated bays extension works at existing substation in the state. Beawar-Mandsaur Transmission shall implement a system comprising establishment of 765kV D/C transmission line and associated bays extension works at existing sub-station in Rajasthan and Madhya Pradesh. Both transmission systems are to be commissioned in 24 months. According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding. POWERGRID, through its various project SPVs, is implementing transmission system projects being constructed on build, own,