&w=3840&q=100)
PowerGrid Q1FY26 results: Profit slips 2.5% to ₹3,630 cr on higher expenses
The company posted a net profit of ₹3,630.58 crore for the quarter ended June 30, 2025, a 2.5 per cent drop from ₹3,723.92 crore in the same quarter last year, according to a filing with the Bombay Stock Exchange (BSE).
Despite the dip in profit, total income rose to ₹11,444.42 crore, compared to ₹11,279.59 crore a year earlier. Total expenses climbed to ₹7,114.23 crore from ₹6,643.07 crore in the year-ago quarter.
Board approves higher borrowing
PowerGrid's Board has approved raising its borrowing limit for FY26 from ₹16,000 crore to ₹25,000 crore. The funds will be sourced from various channels, including private placement of non-convertible debentures, according to a Press Trust of India report.
For FY27, the Board also cleared a fundraising plan of up to ₹30,000 crore through domestic bonds or other routes, in one or more tranches.
Green light for project participation
The Board gave in-principle approval for PowerGrid to participate in up to two tariff-based competitive bidding (TBCB) projects along with POWERGRID Infrastructure Investment Trust (PGInvIT), at a combined estimated cost of ₹500 crore.
It also approved the sale of PowerGrid's entire equity in Parbati Koldam Transmission Company Ltd, a joint venture with India Grid Trust.
The company received approval to form new joint ventures with the Nepal Electricity Authority (NEA) to develop cross-border transmission infrastructure between India and Nepal.
Additionally, the Board granted in-principle approval to wind up RINL POWERGRID TLT Pvt Ltd, a joint venture with Rashtriya Ispat Nigam Ltd. The winding-up will follow regulatory clearance and removal from the Registrar of Companies' records.
Capital expenditure and asset base
PowerGrid reported capital expenditure of ₹6,981 crore on a consolidated basis for Q1FY26.
As of June 30, 2025, the company's gross fixed assets, including lease receivables, stood at ₹2,92,446 crore. Its network comprised 1,80,533 circuit kilometres of transmission lines, 284 substations, and a transformation capacity of 5,66,831 MVA across India.
The company maintained a high average transmission system availability of 99.84 per cent during the quarter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
11 hours ago
- Business Standard
Board of Uno Minda allots 2.81 lakh shares under scheme of amalgamation
At meeting held on 06 August 2025The Board of Uno Minda at its meeting held on 06 August 2025 has approved the allotment of 2,81,974 equity shares of Rs 2 each of the company to the eligible shareholders, pursuant to the Scheme of Amalgamation of Kosei Minda Aluminum Company, Kosei Minda Mould, Minda Kosei Aluminum Wheel collectively referred to as (Transferor Companies) with Uno Minda (Transferee Company) and their respective Shareholders and Creditors. Powered by Capital Market - Live News
Economic Times
a day ago
- Economic Times
Legal heirs to find it easier to claim deceased person's bank account, lockers: RBI plans to simplify procedure
ET Online Soon accessing bank accounts and lockers of deceased persons by their legal heirs is going to be easy, says RBI Governor Reserve Bank of India (RBI) governor, Sanjay Malhotra, announced three consumer centric developments on the concluding day of RBI's Monetary Policy Committee (MPC) meeting on August 6, 2025. One of these developments is about standardising the procedure for settlement of claims in respect of bank accounts and articles kept in the bank lockers of deceased bank customers. It is expected that this development will make the process simple and convenient for legal heirs of the deceased bank customers. Also read: Jan Dhan accounts become due for re-KYC, banks holding camps till Sept 30 to help account holders Sanjay Malhotra, governor of RBI said: 'We will be standardising the procedure for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. This is expected to make settlement more convenient and simpler.' Also read: Will the dream run for home loan borrowers continue despite RBI pausing repo rate? What are the existing rules about accessing bank lockers of deceased persons? According to an RBI circular dated August 18, 2021, here's what the existing process is: Settlement of Claims in case of death of a bank customer 'Banks shall have a Board approved policy for settlement of claims. The policy shall be in conformity with the regulatory instructions and the Model Operational Procedure (MOP) for settlement of claims of the deceased constituents formulated by the IBA and in case of State and Central Co-operative Banks, MOP formulated by NABARD. Banks shall have a Board approved policy for nomination and release of contents of safety lockers / safe custody article to the nominee and protection against notice of claims of other persons in accordance with the provisions of Sections 45 ZC to 45 ZF of the Banking Regulation Act, 1949 and the Banking Companies (Nomination) Rules, 1985/Co-operative Banks (Nomination) Rules, 1985 and the relevant provisions of Indian Contract Act and Indian Succession Act. In order to ensure that the articles left in safe custody and contents of lockers are returned to the genuine nominee, as also to verify the proof of death, banks shall devise their own claim formats, in terms of applicable laws and regulatory guidelines. Time limit for settlement of claims: Banks shall settle the claims in respect of deceased locker hirers and shall release contents of the locker to survivor(s) / nominee(s), as the case may be, within a period not exceeding 15 days from the date of receipt of the claim subject to the production of proof of death of the depositor and suitable identification of the claimant(s) with reference to nomination, to the bank's satisfaction. Banks shall report to the Customer Service Committee of the Board, at appropriate intervals, on an ongoing basis, the details of the number of claims received pertaining to deceased locker-hirers / depositors of safe custody article accounts and those pending beyond the stipulated period, with reasons therefor. Customer Service Committee of the Board of the banks shall review the settlement of claims and make suggestions to ensure that the claims are settled as early as possible unless there is any litigation pending before the Courts or any difficulty is being faced in identifying the true claimant with reference to nomination.
Time of India
a day ago
- Time of India
Power Grid Share Price Live Updates: Power Grid Achieves New High Above 100-Day SMA
06 Aug 2025 | 09:17:48 AM IST Discover the Power Grid Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of Power Grid's latest details, including: Last traded price 287.85, Market capitalization: 265997.27, Volume: 184919, Price-to-earnings ratio 17.24, Earnings per share 16.59. Our liveblog offers a holistic view of Power Grid by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact Power Grid's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the Power Grid Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:17:48 AM IST, 06 Aug 2025 Show more
