Power Grid shares fell 3 per cent as analysts remained mixed after the company's net profit fell 6 per cent Y-o-Y for the second quarter
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These ultra-high voltage alternating current (UHV AC) transformers are capable of handling power equivalent to the average consumption of 30 mn households
Record project wins were also reported with ₹92,000 crore, and works-on-hand is ₹1.55 trillion. The management hopes capex improvement will translate to asset capitalisation of ₹28,000 crore in FY26
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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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).
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 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.
NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.
Power Grid Corporation of India (PowerGrid) on Friday posted a 3.52 per cent rise in its consolidated net profit to Rs 3,723.92 crore for the June quarter, mainly on account of higher income. It had clocked Rs 3,597.16 crores profit for the year-ago period, the company said in an exchange filing. During the quarter, its total income rose to Rs 11,279.59 crore from Rs 11,257.60 crore in the April-June quarter of the preceding 2023-24 fiscal. The company also reduced its expenses to Rs 6,643.07 crore from Rs 6,688.51 crore in the same quarter a year ago.
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At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory
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State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. "...its Board of Directors and 'Committee of Directors on Investment on Projects in their respective meetings held on 18th February, 2024, have accorded investment approvals," a BSE filing stated. According to the filing, the Board of Directors approved implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project Northern Region SLDCs at an estimated cost of Rs 514.66 crore with commissioning schedule of November 15, 2025. The Committee of Directors on Investment on Projects approved augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani at an estimated cost of Rs 141.09 crore, scheduled to be commissioned by May 5, 2025.
In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent.