Power Grid Corporation of India Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

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.

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Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 18 December 2024.

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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 Sensarma

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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.

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