Power Grid Share in Focus as ₹964.44 Crore Capex Approved; Project Commissioning by Mid-2026

Power Grid Corporation approved ₹964.44 crore for three projects: transmission from Bhadla/Bikaner (₹212.81 crore), ERES-43 (₹342.69 crore), and ERES-44 (₹408.94 crore), all scheduled for commissioning within 18 months, targeting mid-2026 completion.

The share price of Power Grid Corporation of India is in focus after the company approved a capital expenditure of ₹964.44 crore for three new projects. The investment was cleared by its ‘Committee of Directors on Investment in Projects’ on May 1, 2025. On Friday, the stock was trading at ₹305, down 0.8% as of 09:30 AM. In the last 12 months, the stock has fallen 2.14%. So far in 2025, it is down 0.58%. Over a three-year period, however, the stock has given strong returns of 76.72%.

3 Major Work Orders Worth ₹964.44 Crore

Power Grid Corporation of India Ltd, a Government of India Enterprise, announced that its 'Committee of Directors on Investment in Projects' approved investments for three significant projects on May 1, 2025. The total capital expenditure outlay for these three projects is ₹964.44 crores. The details of the projects are as follows:

1. The first project, titled "Transmission System Strengthening to Facilitate Evacuation of Power from Bhadla/Bikaner Complex," has been allocated an estimated cost of ₹212.81 crore. This project is scheduled to be commissioned within 18 months from the date of project allocation, targeting completion by June 9, 2026.

2. The second project receiving investment approval is "Eastern Region Expansion Scheme-43 (ERES-43)," with an estimated cost of ₹342.69 crore. This scheme is also slated for commissioning within an 18-month timeframe, with best efforts being made to achieve completion within 15 months from the allocation date of March 1, 2026.
4. The third project approved is "Eastern Region Expansion Scheme-44 (ERES-44)," which has been allocated an estimated cost of ₹408.94 crore. Similar to the other projects, ERES-44 has a scheduled commissioning period of 18 months, with efforts to complete it within 15 months from the allocation date of May 24, 2026.

Q3 Financial Result Highlights

In the Quarterly Results of December 2024, the company reported a revenue of ₹11,233.03 crore, reflecting a YoY decline of 2.74% compared to ₹11,549.79 crore in December 2023. The operating profit stood at ₹9,532.89 crore, marking a 6.31% decrease from ₹10,174.98 crore in the same quarter last year. The profit after tax (PAT) declined by 4.14% to ₹3,861.63 crore from ₹4,028.25 crore in December 2023.

Capital expenditure stood at ₹7,649 crores in Q3, bringing the total Capex to ₹17,651 crores for the nine months.

About Company

Power Grid Corporation of India Limited is a Maharatna CPSE and India’s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.

The company moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions. It is under the administrative control of the Ministry of Power, GoI.

Disclaimer: The article is for informational purposes only and not investment advice.