This PSU power stock engaged in transmitting electricity, managing power grids, and building infrastructure for the efficient distribution of electricity across India, ensuring a reliable power supply nationwide, is in focus after the company approves Rs. 964.44 crore capex for transmission projects.
With a market capitalization of Rs. 2,82,877.87 crores, the share of Power Grid Corporation of India Limited has reached an intraday high of Rs. 308.95 per equity share, rising nearly 0.75 percent from its previous day’s close price of Rs. 306.65. Since then, the stock has retreated and is currently trading at Rs. 304.15 per equity share.
What is the news?
Power Grid Corporation of India Limited approves Rs. 964.44 crore capex for transmission projects, commissioning by mid-2026. The company board of directors, in its meeting on 1st May 2025, approved three key transmission projects, focusing on strengthening the power infrastructure and improving transmission capabilities across the country.
The first project, aimed at strengthening the transmission system for evacuating power from the Bhadla/Bikaner complex, is estimated to cost Rs. 212.81 crore, with completion expected by 9th June 2026. The second project, Eastern Region Expansion Scheme-43 (ERES-43), has an estimated cost of Rs. 342.69 crore and is scheduled for completion by 1st March 2026.
The third project, Eastern Region Expansion Scheme-44 (ERES-44), will cost Rs. 408.94 crore and is expected to be commissioned by 24th May 2026. These projects are part of POWERGRID’s ongoing efforts to strengthen India’s power transmission infrastructure.
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Capex Expansion
Power Grid Corporation (PGCIL) has increased its capital expenditure (capex) plans due to strong growth and higher demand. For FY25, the company has raised its capex target to Rs. 23,000 crore from the earlier Rs. 18,000 crore. This includes Rs. 14,209 crore for TBCB, Rs. 3,914 crore for RTM, and Rs. 4,877 crore allocated for other segments.
Looking ahead, the company plans to invest even more, with Rs. 28,000-30,000 crore allocated for FY26 and Rs. 35,000 crore for FY27. This is a significant increase from its earlier estimate of Rs. 20,000 crore for both years, reflecting its growing focus on infrastructure development.
Recent quarter results
Power Grid Corporation of India Limited’s revenue has decreased by 2.74 percent, from Rs. 11,550 crore in Q3 FY24 to Rs. 11,233 crore in Q3 FY25. The net profit has also decreased by 4.30 percent from Rs. 4,028 crore in Q3 FY24 to Rs. 3,862 crore in Q3 FY25.
Written By – NIKhil Naik
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