Latest news with #PowerGridCorp
Mint
30-07-2025
- Business
- Mint
Can this small-cap transmission stock electrify your portfolio?
We all know food, clothing, and shelter are basic human necessities. Now think of another basic need – something you simply can't do without in today's world. For us, it's access to electricity. This is among the topmost priorities of any economy, but especially India's. The National Electricity Plan (NEP) 2023-2032 for central and state transmission systems has been finalised. It aims to expand transmission network from 485,000 circuit kilometres (ckm) in 2024 to 648,000 ckm in 2032, and transformation capacity from 1,251 gigavolt-amperes (GVA) to 2,342 GVA. The goal is to integrate renewable and green hydrogen loads into the grid. It represents a huge opportunity, with investments of more than ₹9 trillion expected. We had mentioned opportunities on the transformation capacity side here: Stocks to profit from India's transformer gold rush. Let's now turn our focus to transmission. Companies that could benefit from the opportunity include Power Grid Corp, Apar Industries, Kalpataru Projects International, and KEC International. You can access a longer list of power transmission capex beneficiaries here. But today there's a specific small cap company we want to talk about in detail. Global leader Skipper Ltd is the biggest supplier to Power Grid Corporation of India, the domestic leader in power transmission, but there is a lot more to the company. Backed by inhouse R&D, it is the world's biggest transmission tower manufacturer, catering to more than 60 countries. It's also the lowest-cost producer of transmission towers and poles in the world, thanks to backward integration. It has its own its own structure rolling, manufacturing, tower load testing station, and transmission line EPC. All this makes it a compelling proxy play for power transmission growth. The company's addressable market in transmission towers and EPC is ₹3-4 trillion, according to management. It can execute high-voltage power transmission and distribution projects where competition is less intense and margins are better. The company also caters to the telecom sector and the water sector through its polymer pipe division. Strong guidance Management expects revenue, which came in at ₹320 crore in FY24, to clock at 25% CAGR over the next two to three years. The revenue target in five years is ₹1,000 crore. The operating profit margin has been at 9.5%, which management expects to improve to 11% in two to three years. This article does not imply any view on the company. Project execution will require capital expenditure. The strength of its balance sheet strength will also matter. Any slowdown in tenders or capex activity could weaken growth prospects. Nonetheless, as the market leader in its niche and with diversified geographical exposure, this is a strong candidate for any watch list. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
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Business Standard
09-07-2025
- Business
- Business Standard
Bajel Projects hits 5% upper circuit; what is driving investors' interest?
Bajel Projects share price hit 5 per cent upper circuit at ₹252.35 per share on Wednesday. At 9:55 AM, Bajel Projects shares were locked in the 5 per cent upper band at ₹252.35 per share on the BSE. In comparison, the BSE Sensex was down 0.14 per cent at 83,598.29. The company's market capitalisation stood at ₹2,917.23 crore. Its 52-week high was at ₹313.35 per share and the 52-week low was at ₹145.2 per share. Why were Bajel Projects' shares in demand? The northward movement in stock came after the company proposed to increase its galvanization capacity to 1.1 lakh MTPA from the current 40,500 MTPA, with an investment of Rs 170 crore at its Ranjangaon facility. "We would like to inform the exchanges about the proposed capacity addition being undertaken at the Ranjangaon facility of the company," the filing read. The expansion is aimed at meeting captive demand and boosting sales in both domestic and international markets. The capacity will be added in a period from Q4 FY26 to Q4 FY27 in phases. That apart, the company recently secured a 'mega' order from PowerGrid Corp, valued between ₹300-₹400 crore. The order fell under the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV double circuit (quad) transmission line, part of the REZ Phase IV (6GW) Bikaner Complex. The contract involved the construction of a 99-kilometre transmission line and was awarded through the tariff-based competitive bidding route. The project is expected to be completed within 18 months and is placed by PGCIL on behalf of its special purpose vehicle, Power Grid Siwani Transmission Ltd. Last week, the company said it had secured a 'Large' order for a substation project in India. The project involves the development of a 400kV GIS and a 765kV AIS extension substation. About Bajel Projects Bajel Projects (Bajel) is among the prominent players in the power infrastructure space, with a strong foothold in both the Power Transmission and Power Distribution sectors. Formerly operating as part of Bajaj Electricals Limited under its EPC division, the company is widely recognised for its robust project management capabilities and operational excellence, earning it the trust of numerous state and national utilities, international clients, and private infrastructure developers.
Mint
19-05-2025
- Business
- Mint
Power Grid Q4 Results: Net profit marginally down ₹4,143 crore, final dividend of ₹1.25 declared. Check details
Power Grid Q4 Results: Power Grid Corporation of India on Monday, 19 May 2025, announced its Janaury to March quarter results for the financial year ended 2024-25. The State-owned giant's net profit for the fourth quarter dropped 0.56 per cent to ₹ 4,143 crore, compared year-on-year (YoY) with ₹ 4,166 crore in the same period a year ago. The company's revenue from core operations rose 2.4 per cent to ₹ 12,275 crore in the 2024-25 fiscal year, compared with ₹ 11,978 crore in the same quarter a year ago, according to the consolidated statements. However, the total expenses for the company also jumped 6.8 per cent to ₹ 7,550 crore, compared with ₹ 7,066 crore in the same quarter the previous financial year. Power Grid Corp's board of directors also announced a final dividend issue of ₹ 1.25 per equity share of the face value of ₹ 10 apiece for the fiscal year 2024-25. This means that every eligible shareholder will receive a final dividend of ₹ 1.25 for every share they own in the PSU giant. 'Recommended final dividend of ₹ 1.25/- per equity share of Rs. 10/- each (@12.5% of the paid-up equity share capital) for the Financial Year 2024-25 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company,' said the PSU giant in the BSE filing. The upcoming final dividend issue will be the fourth dividend issue for the financial year 2024-25, according to BSE data. Interim Dividend of ₹ 3.25 on 07 Feb 2025 3.25 on 07 Feb 2025 Interim Dividend of ₹ 4.50 on 14 Nov 2024 4.50 on 14 Nov 2024 Final Dividend of ₹ 2.75 on 16 Aug 2024 2.75 on 16 Aug 2024 Interim Dividend of ₹ 4.50 on 15 Feb 2024 4.50 on 15 Feb 2024 Interim Dividend of ₹ 4 on 16 Nov 2023 Power Grid Corporation shares closed 1.27 per cent higher at ₹ 304.10 after Monday's stock market session, compared to ₹ 300.30 at the previous market close. The PSU giant announced its Q4 results after the market operating hours on 19 May 2025. The State-owned firm's shares have given stock market investors more than 247 per cent returns in the last five years. However, the shares are down 6.57 per cent in the last one-year period. On a year-to-date (YTD) basis, the stock has lost 1.98 per cent in 2025 and was down 4.92 per cent in the last one-month period. According to data collected from the BSE website, Power Grid Corp shares hit their 52-week high at ₹ 366.20 on 25 September 2025, while the 52-week low was at ₹ 247.50 on 28 February 2025. The State-owned firm's market capitalisation (M-Cap) was at ₹ 2,82,831.36 crore as of the stock market close on Monday, 19 May 2025.
