During Tuesday’s trading session, shares of a Maharatna CPSU and India’s largest electric power transmission company are in focus, after the company secured approval of Rs. 131.68 crore investment for the implementation of National Unified Network Management System (N-UNMS).
With a market cap of Rs. 2.8 lakh crores, the shares of Power Grid Corporation of India Limited closed in the green at Rs. 301.15 on BSE, up by around 0.2 percent, as against its previous closing price of Rs. 300.6. The stock has delivered negative returns of around 5 percent in one year, and has fallen by over 2 percent in the last one month.
What’s the News
According to the latest exchange filings, the ‘Committee of Directors on Investment on Projects’ of Power Grid Corporation of India Limited (PGCIL), in its meeting held on 10th June has considered and approved the proposal for the implementation of a state-of-the-art National Unified Network Management System (N-UNMS) in both main & backup configurations, integrating all the regional UNMSs.
The project is estimated at a cost of nearly Rs. 131.68 crores and is expected to be commissioned within 24 months from the date of project allocation, i.e., by 23rd February 2027.
Financials and More
PGCIL reported a marginal growth in revenue from operations, experiencing a year-on-year rise of nearly 2.5 percent, from Rs. 11,978 crores in Q4 FY24 to Rs. 12,275 crores in Q4 FY25.
In contrast, its net profit decreased during the same period from Rs. 4,166 crores to Rs. 4,143 crores, representing a decline of nearly 1 percent YoY. PGCIL’s capital expenditure (capex) outlook is projected at Rs. 28,000 crore for FY25, Rs. 35,000 crore for FY27, and Rs. 45,000 crore for FY28.
Power Grid is principally engaged in the implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services. The company is controlled by the Government of India (GOI), being a Central Public Sector Enterprise (CPSE) under the Ministry of Power, with GOI holding 51.34 percent of equity shares capital issued and paid up.
Written by Shivani Singh
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