13 hours ago
Shares of Power Grid Corporation of India Ltd ended at ₹267.60, up by ₹0.50, or 0.19%, on the BSE.
State-owned Power Grid Corporation of India Ltd (POWERGRID) on Thursday (March 13) said it has approved an investment of ₹341.57 crore for two transmission projects. The approvals were granted by the Committee of Directors on Investment on Projects.
The first project, "Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part B," has an estimated cost of ₹218.55 crore, with Part I valued at ₹177.38 crore and Part II at ₹41.17 crore. The project is scheduled for commissioning by July 14, 2026.
The second project, "Augmentation of transformation capacity at Tumkur (Pavagada) 400/220kV Pooling Station in Karnataka," involves adding 2x500 MVA transformers and a 220kV line bay for renewable energy integration. The project, estimated at ₹123.02 crore, is expected to be completed by May 20, 2026.
Also Read: Power Grid wins bids for 3 interstate transmission projects under BOOT model
Power Grid Corporation of India reported a 4.1% year-on-year (YoY) decline in net profit at ₹3,861.6 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal year, Power Grid Corporation of India posted a net profit of ₹4,028.3 crore. The CNBC-TV18 poll had predicted a profit of ₹4,020.5 crore for the quarter under review.
The company's revenue from operations dipped 3% to ₹11,233 crore as against ₹11,579.8 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹11,606 crore for the quarter under review.
At the operating level, EBITDA fell 6.9% to ₹9,537.9 crore in the third quarter of this fiscal year from ₹10,242.9 crore in the corresponding period in the previous fiscal year. The CNBC-TV18 poll had predicted an EBITDA of ₹10,142 crore for the quarter under review.
Also Read: Power Grid Corporation wins bid for inter-state transmission system project under TBCB
Shares of Power Grid Corporation of India Ltd ended at ₹267.60, up by ₹0.50, or 0.19%, on the BSE.
