Kudankulam JSTS Transmission (wholly owned subsidiary of PFC Consulting (a wholly owned subsidiary of Power Finance ) has been transferred to Power Grid Corporation of India (successful bidder). Kudankulam ISTS Transmission has been established for the development of Transmission System under ISTS for evacuation of power from Kudankulam Unit - 3 & 4 (2x 1000 MW).Powered by Capital Market - Live

The first project, titled Augmentation of Transformation Capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 Scheme), involves augmentation works at under-construction substations in the state of Gujarat. The second project, titled Augmentation of Transformation Capacity by 3x500 MVA, 400/220kV ICTs (6th - 8th) and 1x1500 MVA, 765/400kV ICT (4th) at Bidar PS, involves augmentation works at an under-construction substation in the state of Karnataka. The company also confirmed that it received the Letter of Intent (LoI) for the respective projects on 6 January 2025. The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The company reported a 1.85% rise in consolidated net profit to Rs 3,793.02 crore in Q2 FY25 as against Rs 3,723.92 crore posted in Q1 FY25. Revenue from operations added 2.46% to Rs 11,277.76 crore in Q2 FY25 as against Rs 11,006.18 crore posted in Q1 FY25. The scrip rose 0.39% to Rs 307.25 on the BSE. Powered by Capital Market - Live

Power Grid Corporation of India (POWERGRID) has been declared as successful bidder under Tariff Based Competitive Bidding for the following two (02) projects to establish InterState Transmission System under Build, Own Operate and Transfer (BOOT) basis: Sr No.  Project Name  Scope of Project  1 Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme) The project comprises augmentation works at under-construction substations in the State of Gujarat 2 Augmentation of transformation capacity by 3x500 MVA, 400/220kV ICTs (6th - 8th) and 1x1500 MVA, 765/400kV ICT (4th) at Bidar PS The project comprises augmentation works at under-construction substation in the State of KarnatakaPowered by Capital Market - Live

Power Grid Corporation of India Ltd rose for a third straight session today. The stock is quoting at Rs 314.1, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.29% on the day, quoting at 24048.55078125. The Sensex is at 79487.22, up 1.25%. Power Grid Corporation of India Ltd has dropped around 4.72% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has dropped around 6.69% in last one month and is currently quoting at 35430.45, up 0.12% on the day. The volume in the stock stood at 51 lakh shares today, compared to the daily average of 113.06 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 314.8, up 0.82% on the day. Power Grid Corporation of India Ltd is up 32.5% in last one year as compared to a 11.76% gain in NIFTY and a 4.97% gain in the Nifty Energy index.The PE of the stock is 18.97 based on TTM earnings ending September 24.Powered by Capital Market - Live

The company will issue unsecured, non-convertible, non-cumulative, redeemable, taxable, powergrid bonds - LXXX (80th) on a private placement basis. These bonds are redeemable at par at the end of the 10th year and interest payments on a yearly basis. However, the coupon rate is to be decided after bidding at the electronic book provider platform. The bonds are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company reported a 0.3% rise in consolidated net profit to Rs 3,793.02 crore on a 0.1% increase in revenue from operations to Rs 11,277.76 crore in Q2 FY25 over Q2 FY24. The scrip slipped 2.47% to currently trade at Rs 321.85 on the BSE. Powered by Capital Market - Live

Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 18 December 2024.Powered by Capital Market - Live

Power Grid Corporation of India announced that following officials of POWERGRID have been promoted as Executive Director (ED) (i.e. Senior Management Personnel - One level below the Board of Directors) w.e.f. 02 December 2024: 1. Rajesh Wadhwa 2. Rajesh Gupta 3. A SensarmaPowered by Capital Market - Live

The project comprises the establishment of a 765/400 kV substation near Ghiror in Mainpuri, Uttar Pradesh, along with 765 kV and 400 kV transmission lines, and augmentation and bay extension works at existing and under-construction substations in the States of Rajasthan & Uttar Pradesh. The award has been granted under tariff-based competitive bidding (TBCB) and will be executed on a build, own, operate, and transfer (BOOT) basis. The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The company reported a 1.85% rise in consolidated net profit to Rs 3,793.02 crore in Q2 FY25 as against Rs 3,723.92 crore posted in Q1 FY25. Revenue from operations added 2.46% to Rs 11,277.76 crore in Q2 FY25 as against Rs 11,006.18 crore posted in Q1 FY25. Shares of Power Grid Corporation of India rose 0.12% to Rs 343.25 on the BSE.Powered by Capital Market - Live

Power Grid Corporation of India Ltd is up for a third straight session today. The stock is quoting at Rs 332.35, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.05, up 1.27%. Power Grid Corporation of India Ltd has gained around 4.88% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has gained around 8.7% in last one month and is currently quoting at 35789.3, up 1.56% on the day. The volume in the stock stood at 156.28 lakh shares today, compared to the daily average of 125.45 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 331.95, up 2.01% on the day. Power Grid Corporation of India Ltd is up 57.59% in last one year as compared to a 19.6% jump in NIFTY and a 27.11% jump in the Nifty Energy index.The PE of the stock is 19.9 based on TTM earnings ending September 24.Powered by Capital Market - Live

Power Grid Corporation of India announced the cessation of Chetan Bansilal Kankariya (DIN: 09402860) and Ram Naresh Tiwari (DIN: 09405377), the Independent Directors of the company with effect from 14 November 2024. Powered by Capital Market - Live