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Company News Details

Power Grid Corporation of India Ltd
Industry :  Power Generation And Supply
BSE Code
ISIN Demat
Book Value()
532898
INE752E01010
98.2640435
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
POWERGRID
18.72
285017
EPS(TTM)
Face Value()
Div & Yield %
16.37
10
3.67
 

Power Grid Corporation of India Ltd
Power Grid Corp emergs as successful bidder for two inter-state transmission projects
Jan 07,2025
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.

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