This Maharatna CPSU company, engaged in providing electric power transmission services gained attention on Monday after the Board approved an investment of Rs 341.57 crore for transmission projects.
Stock Performance
With a market capitalization of 2,47,628.58 crore, Power Grid climbed over 1 percent in Monday’s trading session and made a high of Rs 270.50 per share compared to its previous closing price of Rs 267.60 per share. The stock retraced from its day’s high and was trading at Rs 266.25 which is a slight decline from the previous close.
What Happened
The company has approved an investment of Rs 341.57 crore for the following two transmission projects:
The first project, “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW),” has a total estimated cost of Rs 218.55 crore. It is divided into two parts: Part I is valued at Rs 177.38 crore, and Part II is estimated at Rs 41.17 crore. The project is set for commissioning by July 14, 2026.
The second project, focused on “Augmentation of transformation capacity at Tumkur (Pavagada) 400/220kV Pooling Station in Karnataka,” involves installing 2×500 MVA transformers and a 220kV line bay to provide connectivity to renewable energy generation projects. The estimated cost is Rs 123.02 crore, with a targeted completion date of May 20, 2026.
Company Overview
Power Grid Corporation of India Ltd is primarily engaged in the transmission of electricity. It is the largest electric power transmission company in the country with the Government of India holding around 51 percent. It has also expanded into telecom by utilizing its nationwide transmission network to install optical ground wire (OPGW).
Financial Performance
Looking at the financials, the company reported a 3 percent YoY decrease in revenue from Rs 11,550 crore to Rs 11,233 crore in Q3 FY25. This was accompanied by a 4 percent decline in net profits from Rs 4,028 crore to
Rs 3,862 crore during the same period.
Order Book
As of January 2025, Power Grid’s total order book stands at ~Rs 1.4 lakh crore. Out of this, 65 percent comes from TBCB projects, 6 percent from ongoing RTM projects, 27 percent from new RTM projects, and the remaining 2 percent from other sources.
Written by Shwetha Sairam
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