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Power Grid Corporation of India
SectorUtilities
Power Grid Corporation of India Limited is India's principal electric power transmission company. It owns and operates 90% of India's interstate and inter-regional electric power transmission system. The company is engaged in planning, implementing, operating and maintaining the Inter-State Transmission System, as well as providing telecom and consultancy services. Power Grid's core operations include transmission of bulk power across different states through extra high voltage/high voltage networks, consultancy services in transmission and distribution sectors, and telecom services utilizing spare optical fibers on its transmission network. The company also works on smart grid technologies for real-time monitoring and control of power systems.
In the news
Power Grid Leads Energy Stocks with 3.08% Dividend Yield
POWERGRID wins ₹199.55 cr Pune West transmission project
AI Data Centres Are Straining India's Power Grid and Driving Up Upgrade Costs
India's Green Energy Corridor Phase III: Transmission Infrastructure Race
PM-DHARA: India's ₹1.86 Lakh Crore Power Grid Revolution
PowerGrid acquires Rajasthan solar transmission SPV for ₹18.98 crore
Power Grid Board Approves ₹5,000 Cr Bond Issue
POWERGRID Releases Technical Book on HVDC Systems for Renewable Grid
POWERGRID Holds 37th AGM, Outlines Growth Strategy
Power Grid, Highway Infrastructure, Innovision stocks in focus today
Power Grid wins ₹823 cr Gujarat transmission project
ICICI Securities Sets ₹520 Target for PFC Amid Q1 Challenges
Power Grid Corp gets buy rating, target Rs 331: Prabhudas Lilladher
Power Grid Q1 profit drops 6.56% to ₹3,410 cr; approves ₹856 cr Tamil Nadu project
Sebi settles India Power Corp case against MD for ₹24.7 lakh
Power Grid Q1 FY27 Results: 21% QoQ PAT Decline to ₹3,598 Crore
Power Grid acquires Krishnagiri REZ Transmission under TBCB route
India's Power Consumption Surge: What It Means for NTPC, Tata Power, and the Grid
NPCIL denies Kudankulam data breach, calls leaked files conventional
Rajasthan nuclear project delays expose vendor ecosystem gaps
The Quarter story
The two most recent quarterly results, compared side-by-side.
Power Grid sustains high grid reliability and steady equity growth, backed by aggressive transmission expansion and faster cash collections.
Receivable days improved from 19.41 days in Q1 FY26 to 12.11 days in Q1 FY27, highlighting faster collections.
CAPEX fell from ₹28,000 Cr in Q1 FY26 to ₹7,765 Cr in Q1 FY27, signaling phased infrastructure spending.
TBCB works in hand expanded from ₹99,906 Cr in Q1 FY26 to ₹1,46,315 Cr in Q1 FY27, signaling robust transmission order inflows.
JV dividends dropped from ₹40 Cr in Q1 FY26 to ₹17 Cr in Q1 FY27, reflecting reduced cash distributions from joint ventures.
Telecom orders rose from ₹58 Cr in Q1 FY26 to ₹226 Cr in Q1 FY27, highlighting strong demand for infrastructure projects.
Consolidated debt rose from ₹1,30,646 Cr in Q1 FY26 to ₹1,45,586 Cr in Q1 FY27, reflecting managed leverage for ongoing projects.
Consolidated net worth grew from ₹96,482 Cr in Q1 FY26 to ₹1,04,028 Cr in Q1 FY27, confirming robust equity expansion.
Long-term outstanding dues rose from ₹1,174 Cr in Q4 FY26 to ₹1,458 Cr in Q1 FY27, indicating mixed collection efficiency on aged receivables.
Transmission lines commissioned climbed from 652 ckm in Q1 FY26 to 1,635 ckm in Q1 FY27, highlighting aggressive grid expansion.
Differential tariff interest fell from ₹257 Cr in Q1 FY26 to ₹22 Cr in Q1 FY27, signaling reduced regulatory compensation.
Company insights, generated from the most recent coverage.
The 12 June Western Region fault tripped two interconnecting transformers and shed ~32 MW of data centre load — evidence that ICT and bus reliability at data centre feeders, not just line capacity, becomes a design and cost requirement for transmission developers.
AI data centre build-out is now an input-cost headwind, not just a demand tailwind: it inflates server, storage and networking prices inside PGCIL's own SCADA/EMS and control-system capex.
North East SLDC SCADA/EMS upgrade estimate jumped 32% from ₹521 Cr to ₹688 Cr, and PGCIL blamed AI-driven demand for making supervisory-control hardware costlier — a direct margin-squeeze risk on cost-plus grid modernisation work.