Power Grid Corporation shares have extended their winning streak to three consecutive sessions, rising 1.09% to ₹291.85 as of 12:49 IST on NSE on June 19. According to Business Standard, the stock is trading above the benchmark NIFTY, which is down 0.88% at 23,954.5 points. The company's stock has shown resilience with a 6.9% gain in calendar year 2026 despite declining 6.7% in the last one month. The stock's performance contrasts with the broader market, as the Nifty Energy index has fallen 0.9% in the last month and is currently trading at 40,457.3 points, up 0.14% on the day.
Power Grid Corporation has been declared the successful bidder for the WR-ER Inter-Regional Network Expansion Scheme Part-A project under Tariff-Based Competitive Bidding. According to the company's exchange filing, the project will be established on a Build, Own, Operate and Transfer (BOOT) basis. The transmission project involves setting up two 765kV and 400kV sub-stations in Jharkhand and Chhattisgarh respectively, along with extension of existing sub-stations in Chhattisgarh and West Bengal. The award, formalized via a Letter of Intent received on June 16, 2026, reinforces the company's position as a leading transmission utility in competitively bid projects and is expected to enhance grid reliability between the western and eastern regions.
The project encompasses construction of 765kV and 400kV transmission lines that will span across Jharkhand, Chhattisgarh, and Odisha. As reported by the company, the transmission lines will connect the newly established sub-stations with existing infrastructure in these states. This expansion is likely to improve inter-regional power transfer capability, support growing electricity demand in eastern and central India, and create additional regulated-returns-based assets for Power Grid's transmission portfolio.
Trading activity showed mixed patterns with volume at 43.89 lakh shares today compared to the daily average of 130.22 lakh shares in the last one month, as reported by Business Standard. The benchmark June futures contract for Power Grid Corporation is quoting at ₹291.35, up 0.69% on the day. The stock's PE ratio stands at 16.86 based on TTM earnings ending March 2026. Despite the recent positive momentum, the stock has declined 0.43% in the last one year, outperforming the 4.61% fall in NIFTY and 13.81% decline in the Nifty Energy index during the same period.
