Power Grid Corporation of India Ltd

Power Grid Corporation of India Ltd is up for a fifth straight session today. The stock is quoting at Rs 309.15, up 1.11% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.17% on the day, quoting at 23712.35. The Sensex is at 78052.87, up 1.31%. Power Grid Corporation of India Ltd has gained around 14.16% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has gained around 5.12% in last one month and is currently quoting at 33456.9, up 1.07% on the day. The volume in the stock stood at 44.16 lakh shares today, compared to the daily average of 180.68 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 308.65, up 1.01% on the day. Power Grid Corporation of India Ltd is up 10.37% in last one year as compared to a 7.8% jump in NIFTY and a 14.09% jump in the Nifty Energy index.The PE of the stock is 18.79 based on TTM earnings ending December 24.Powered by Capital Market - Live

Power Grid Corporation of India Ltd rose 1.77% today to trade at Rs 293.9. The BSE Utilities index is up 0.43% to quote at 5172.84. The index is up 6.17 % over last one month. Among the other constituents of the index, NTPC Green Energy Ltd increased 0.47% and Torrent Power Ltd added 0.43% on the day. The BSE Utilities index went down 11.44 % over last one year compared to the 1.05% fall in benchmark SENSEX. Power Grid Corporation of India Ltd has added 8.29% over last one month compared to 6.17% gain in BSE Utilities index and 0.29% drop in the SENSEX. On the BSE, 15416 shares were traded in the counter so far compared with average daily volumes of 3.68 lakh shares in the past one month. The stock hit a record high of Rs 366.2 on 25 Sep 2024. The stock hit a 52-week low of Rs 247.5 on 28 Feb 2025.Powered by Capital Market - Live

Power Grid Corporation of India has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXXI (81st) Issue 2025-26 for an amount upto Rs. 6,000 crore (base issue size Rs 1,500 crore and greenshoe option Rs 4,500 crore) on private placement. Powered by Capital Market - Live

The project, titled 'Transmission System for Evacuation of Power from Mahan Energen Limited Generating Station,' will be developed under the Build, Own, Operate, and Transfer (BOOT) model. It involves the construction of a 400kV double circuit (D/C) transmission line and associated bays at the existing Rewa PS (PG) sub-station in Madhya Pradesh. The company received the Letter of Intent (LoI) dated 31 March 2025, on 1 April 2025, confirming its successful bid. Meanwhile, the company announced that a meeting of the committee of directors for bonds is scheduled for Friday, 4 April 2025, to consider the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds under the name 'POWERGRID Bond - LXXXI (81st) Issue. The Power Grid Corporation of India was established by the Government of India (GoI) as the central transmission utility of India. The company is a 'Maharatna' firm under the Ministry of Power, GoI. As of 31 December 2024, the Government of India owned a 51.34% stake in the company. The company's consolidated net profit declined by 4.1% to Rs 3,861.63 crore in Q3 FY25, compared to Rs 4,028.25 crore posted in Q3 FY24. Revenue from operations fell 2.7% year-on-year (YoY) to Rs 11,233.03 crore in the quarter ended 31 December 2024. Shares of Power Grid Corporation of India declined 1.02% to Rs 286.30 on the BSE. Powered by Capital Market - Live

Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 4 April 2025.Powered by Capital Market - Live

Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 26 March 2025.Powered by Capital Market - Live

The key domestic indices traded in rangebound with minor gains in afternoon trade. The Nifty traded above 22,550 mark. FMCG, financial services and metal stocks advanced while oil & gas, consumer durables and realty shares under pressure. The upcoming trading week will be shorter due to holidays, with market participants closely monitoring both global and domestic events. At 13:26 IST, the barometer index, the S&P BSE Sensex, rose 164.89 points or 0.22% to 74,497.47. The Nifty 50 index added 28.05 points or 0.12%, to 22,580.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.62% and the S&P BSE Small-Cap index declined 1.22%. The market breadth was weak. On the BSE, 1,402 shares rose and 2,562 shares fell. A total of 177 shares were unchanged. Economy: India's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday. Foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion. Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said. India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. Gainers & Losers: Power Grid Corporation of India (up 2.64%), Hindustan Unilever (up 2.46%), Infosys (up 1.62%), JSW Steel (up 1.35%) and Nestle India (up 1.23%) were the major Nifty50 gainers. JSW Steel advanced 1.35% after the company said that its consolidated crude steel production jumped 12% to 24.07 lakh tonnes in February 2025 as compared with 21.50 lakh tonnes produced in February 2024. IndusInd Bank (down 3.35%), Trent (down 2.71%), Oil & Natural Gas Corporation ONGC (down 2.58%), Titan Company (down 1.47%) and Bajaj Auto (down 1.32%) were the major Nifty50 losers. Stocks in Spotlight: Glenmark Pharmaceuticals shed 0.85%. The company has announced the launch of 'Polyethylene Glycol 3350 Powder for Solution' as on OTC product in the US market. Sun Pharmaceutical Industries rose 0.05%. The company said that it has entered into an agreement for the acquisition of all the outstanding shares of Checkpoint Therapeutics, Inc., an immunotherapy and targeted oncology company. Coal India said (CIL) fell 0.60%. The company said that it has signed memorandum of understanding (MoU) with Indian Institute of Technology, Hyderabad (IIT-H) to develop clean coal technologies, diversification in coal utilization. Indian Renewable Energy Development Agency's (IREDA) dropped 2.04% after the Reserve Bank of India (RBI) rejected the company's request for equity investment in the 900 MW Upper Karnali Hydropower Project in Nepal. JB Chemicals & Pharmaceuticals added .95%. The company's formulations manufacturing facility- T20, which is located at GIDC, Panoli (Gujarat), was inspected by the United States Food and Drug Administration (US FDA). SPML Infra was locked in an upper circuit of 5% after the company signed a Rs 617.98 crore agreement with the Water Resource Department for a major turnkey irrigation project under the Konar Irrigation Project. Sterlite Technologies slipped 2.91% after the company informed that Tushar Shroff, chief financial officer (CFO) and key managerial personnel, has tendered his resignation, effective from 31 March 2025. Global Market: US Dow Jones index futures were down 170 points, indicating a negative opening in the US stocks today. Investors remained wary of uncertainty surrounding President Donald Trump's tariff policies and mulled over Federal Reserve Chair Jerome Powell's cautious remarks. European market traded higher as investors digested recent global market uncertainty and volatility. German exports fell 2.5% month-on-month in January, provisional data from the country's Federal Statistical Office showed on Monday. Most Asian stocks declined on Monday as traders analyzed fresh economic data from China. Over the weekend, China's consumer inflation dipped into negative territory for the first time in 13 months, driven by seasonal distortions and broader economic headwinds. The consumer price index (CPI) fell 0.7% year-over-year in February, reversing a 0.5% gain in January, according to the National Bureau of Statistics. Adding to market jitters, Beijing announced retaliatory tariffs on certain Canadian agricultural products. The move comes after Canada imposed import duties last year on Chinese electric vehicles, steel, and aluminum. Under the new measures, China will slap a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, while a 25% levy will be applied to aquatic products and pork. In the U.S., major stock indices closed higher on Friday after a volatile trading day. The S&P 500 index rose 0.55% to 5,770.20, while the Nasdaq Composite gained 0.7% to 18,196.22. The Dow Jones Industrial Average added 222.64 points, or 0.52%, to end at 42,801.72. Meanwhile, the latest labor market data painted a mixed picture. The U.S. economy added 151,000 jobs in February alling short of expectations while the unemployment rate ticked up to 4.1% from January 4.0%, signaling possible cracks in labor market resilience. Speaking on Friday, Fed Chair Jerome Powell reaffirmed the central bank's cautious stance on interest rates. While acknowledging that the U.S. economy remains stable, he emphasized the need for patience, particularly in light of President Donald Trump's recent economic policy shifts, which include tariffs and federal worker layoffs. Powell's comments suggest the Fed is in no rush to alter its policy path amid lingering uncertainties.Powered by Capital Market - Live

'Power Grid has been declared the successful bidder under tariff-based competitive bidding to establish an inter-state transmission system for the project titled 'Transmission System Strengthening at Kurnool-III PS for Integration of Additional Renewable Energy Generation Projects' on a Build, Own, Operate, and Transfer (BOOT) basis,' the company stated in the press release. The project includes the augmentation of transformation capacity at the existing Kurnool-III substation and extension works at the existing C'peta substation, along with a 765 kV D/C transmission line. The entire scope of the project is in the state of Andhra Pradesh. The power transmission firm also received the Letter of Intent (LoI) for the same project on 6 March 2025. The Power Grid Corporation of India was established by the Government of India (GoI) as the central transmission utility of India. The company is a 'Maharatna' firm under the Ministry of Power, GoI. As of 31 December 2024, the Government of India owned a 51.34% stake in the company. The company's consolidated net profit declined by 4.1% to Rs 3,861.63 crore in Q3 FY25, compared to Rs 4,028.25 crore posted in Q3 FY24. Revenue from operations fell 2.7% year-on-year (YoY) to Rs 11,233.03 crore in the quarter ended 31 December 2024. Shares of Power Grid Corporation of India shed 0.54% to Rs 265 on the BSE.Powered by Capital Market - Live

Power Grid Corporation of India Ltd gained for a third straight session today. The stock is quoting at Rs 266.2, up 4.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Power Grid Corporation of India Ltd has slipped around 5.32% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 80.26 lakh shares today, compared to the daily average of 160.1 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 267.15, up 4.6% on the day. Power Grid Corporation of India Ltd is down 9.36% in last one year as compared to a 0.46% slide in NIFTY and a 23.15% slide in the Nifty Energy index.The PE of the stock is 15.61 based on TTM earnings ending December 24.Powered by Capital Market - Live

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding for the following three (03) projects to establish Inter-State Transmission System under Build, Own Operate and Transfer (BOOT) basis: 1. Transmission system for evacuation of power from Rajasthan REZ Ph-V (Part-1: 4 GW) [Sirohi/Nagaur] Complex: The project comprises augmentation of transformation capacity at under construction Sirohi substation in the State of Rajasthan. The project also comprises 765kV D/C Transmission Lines traversing in the States of Rajasthan and Madhya Pradesh. 2. Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS): The project comprises ICT augmentation works at existing Banaskantha (Raghanesda) PS (GIS) in the State of Gujarat. 3. Transmission System for Integration of Kurnool-IV REZ - Phase-I (for 4.5 GW): The project comprises establishment of new 765 / 400 / 220kV Kurnool IV Pooling Sub-Station and augmentation of transformation capacity at existing C'peta Substation in the State of Andhra Pradesh. The project also comprises 765kV and 400kV D/C Transmission Lines traversing in the States of Andhra Pradesh and Karnataka. Powered by Capital Market - Live