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The project will be developed on a build, own, operate, and transfer (BOOT) basis, further strengthening Powergrid’s presence in the country’s transmission infrastructure sector.
Power Grid Corporation of India is a Maharatna CPSU and India’s largest electric power transmission company.
The company reported a 2.5% drop in consolidated net profit to Rs 3,630.58 crore, while revenue from operations rose 1.7% to Rs 11,196.22 crore in Q1 FY26 over Q1 FY25.
Shares of Power Grid Corporation of India rose 0.80% to Rs 284.25 on the BSE.
Power Grid Corporation of India Ltd rose for a third straight session today. The stock is quoting at Rs 287.8, up 2.84% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.48% on the day, quoting at 24743.45. The Sensex is at 80701.78, up 0.42%. Power Grid Corporation of India Ltd has dropped around 0.05% in last one month.
Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has dropped around 0.68% in last one month and is currently quoting at 34155.3, up 1.55% on the day. The volume in the stock stood at 74.44 lakh shares today, compared to the daily average of 102.71 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 288.1, up 2.54% on the day. Power Grid Corporation of India Ltd is down 14% in last one year as compared to a 2.12% fall in NIFTY and a 20.23% fall in the Nifty Energy index.
The PE of the stock is 16.69 based on TTM earnings ending June 25.
The project will be developed on a build, own, operate and transfer (BOOT) basis. The company received the letter of intent (LoI) for the project on 27 August 2025.
Power Grid Corporation of India Limited is a Maharatna CPSU 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.
Shares of Power Grid Corporation of India fell 1.25% to Rs 276.30 on the BSE.