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 SensarmaPowered by Capital Market - Live

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.Powered by Capital Market - Live

Power Grid Corporation of India Ltd is up for a third straight session today. The stock is quoting at Rs 332.35, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.05, up 1.27%. Power Grid Corporation of India Ltd has gained around 4.88% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has gained around 8.7% in last one month and is currently quoting at 35789.3, up 1.56% on the day. The volume in the stock stood at 156.28 lakh shares today, compared to the daily average of 125.45 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 331.95, up 2.01% on the day. Power Grid Corporation of India Ltd is up 57.59% in last one year as compared to a 19.6% jump in NIFTY and a 27.11% jump in the Nifty Energy index.The PE of the stock is 19.9 based on TTM earnings ending September 24.Powered by Capital Market - Live

Power Grid Corporation of India announced the cessation of Chetan Bansilal Kankariya (DIN: 09402860) and Ram Naresh Tiwari (DIN: 09405377), the Independent Directors of the company with effect from 14 November 2024. Powered by Capital Market - Live

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. On year on year basis, the company in Q2 FY25 recorded marginally higher net profit as compared to Rs 3,793.02 crore in Q2 FY24. Revenue rose 0.09% YoY in Q2 FY25 from Rs 11,267.07 crore posted in Q2 FY24. Profit before tax was at Rs 4,431.73 crore in the second quarter of FY25, down 1.84% as against Rs 4,515.15 crore posted in Q2 FY24. Total expenses ralllied 4.76% year on year to Rs 7,309.59 crore in the quarter ended 30 September 2024. Employee benefit expenses stood at Rs 620.94 crore (up 6.71% YoY) and finance cost stood at Rs 2441.09 crore (up 4.26% YoY) during the period under review. On half year basis, the company's net profit rose 1.87% to Rs 7,516.94 crore on 0.14% decrease in revenue from operations to Rs 22,283.94 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared a first interim dividend of Rs 4.50 per share for financial year 2024-25 and has set the record date on 14 November 2024. Further, the board also approved the proposal to sell, assign and transfer 26% residual equity shareholding in four associate companies, Powergrid Kala Amb Transmission, Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to Powergrid Infrastructure Investment Trust (PGInvIT). 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 Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The scrip rose 0.55% to end at Rs 318.45 on Wednesday, 6 November 2024.Powered by Capital Market - Live

Net profit of Power Grid Corporation of India rose 0.31% to Rs 3793.02 crore in the quarter ended September 2024 as against Rs 3781.42 crore during the previous quarter ended September 2023. Sales rose 0.09% to Rs 11277.76 crore in the quarter ended September 2024 as against Rs 11267.07 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11277.7611267.07 0 OPM %85.0986.18 - PBDT7969.567632.12 4 PBT4677.504355.08 7 NP3793.023781.42 0 Powered by Capital Market - Live

The Board of Power Grid Corporation of India at its meeting held on 06 November 2024 has approved the proposal to sell, assign, transfer 26% residual equity shareholding in four associate companies viz. POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission, held by the Company to POWERGRID Infrastructure Investment Trust (PGInvIT). Powered by Capital Market - Live

Power Grid Corporation of India has fixed 14 November 2024 as record date for first interim dividend of Rs 4.50 per share for FY 2024-25. The dividend will be paid on 04 December 2024. Powered by Capital Market - Live

Power Grid Corporation of India announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the first interim dividend of Rs 4.5 per equity Share (i.e. 45%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Shri Purshottam Agarwal, the Executive Director of Power Grid Corporation of India has ceased to be ED upon attaining the age of superannuation with effect from 31 October 2024.Powered by Capital Market - Live