Latest news with #PowerGridCorporationofIndiaLimited
Business Insider
13 hours ago
- Business
- Business Insider
Power Grid Corporation of India Limited (POWERGRID) was upgraded to a Hold Rating at Bank of America Securities
Power Grid Corporation of India Limited received a Hold rating and a INR292.00 price target from Bank of America Securities analyst Amish Shah today. The company's shares closed last Friday at INR284.85. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Shah is ranked #6480 out of 9897 analysts. In addition to Bank of America Securities, Power Grid Corporation of India Limited also received a Hold from Investec's Anuj Upadhyay in a report issued on August 5. However, on the same day, HSBC maintained a Sell rating on Power Grid Corporation of India Limited (NSE: POWERGRID). Based on Power Grid Corporation of India Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR122.75 billion and a net profit of INR41.43 billion. In comparison, last year the company earned a revenue of INR119.78 billion and had a net profit of INR41.66 billion
Indian Express
14-07-2025
- Politics
- Indian Express
Alleging inadequate compensation, South Gujarat farmers to organise tractor rally against power corporation
With work on a power transmission line from Kutch to Navsari underway, several farmers of South Gujarat have alleged that they have not received adequate compensation in lieu of their agricultural fields being used to install electricity towers. On Sunday, a number of these farmers from around 50 villages in Olpad taluka gathered at Anand Ashram in Bhadol village to protest against the Power Grid Corporation of India Limited (PGCIL). The farmers, gathered under the aegis of Khedut Samaj Gujarat (KSG), announced plans to take out a tractor rally this week in Surat. Jayesh Patel, the state president of KSG, a farmers' body, said, 'We have held a meeting with the farmers of Olpad taluka, and there are many such farmers in different villages in four more talukas in Surat district. We will conduct a joint meeting with them in the coming days to make the farmers aware of their right to compensation, and also invite them to participate in the tractor rally.' Jayesh said, 'A big corporate company has set up a renewable power plant at Khavda in Kutch. Through this plant, the company will generate 30,000 megawatts of power through solar and wind power. On behalf of the corporate company, the PGCIL is working to set up transmission lines and electric towers, which will pass through eight districts in Gujarat.' Jayesh said, 'We have taken complaints from the affected farmers, and they were assured a compensation amount of Rs 1.34 crore each for the electric towers installed and transmission lines passing through the agricultural fields. The farmers have been paid a far lower amount. We have determined the tower's base area to be 247 meters. A high-voltage transmission line of 765 kVDC will pass through it. We are not opposing the work, but we want the farmers to be fairly compensated.' Surat district KSG president Ramesh Patel said, 'Generally, if a power line passes through any agricultural field, the price of that field goes down. In the coming days, we will make a representation to the government to get the transmission line passed through the sea coast area so that the agricultural field does not get affected.' In the coming days, KSG is planning to organise a joint meeting with the affected farmers of Olpad, Mangrol, Palsana, Bardoli and Kamrej talukas. They will also hold a meeting with the affected farmers from Navsari and Bharuch. KSG members have appealed to the affected farmers to prepare to join the protest rally. KSG's Surat district president Parimal Patel was also present at the meeting, among others. Officials of PGCI could not be contacted for comment.
Business Upturn
03-07-2025
- Business
- Business Upturn
Bajel Projects bags up to Rs 400 crore order for 400kV transmission line project from Power Grid
Bajel Projects Limited, a leading name in India's power transmission and infrastructure sector, has bagged a Mega Order from the Power Grid Corporation of India Limited (PGCIL). As per the company's classification, Mega Orders are valued between ₹300 crore and ₹400 crore, highlighting the scale and importance of this latest contract win. The awarded contract involves the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV D/C (Quad) Transmission Line , forming a part of the REZ Phase IV (Part 3: 6GW), Bikaner Complex: Part B transmission system. The project was secured through the Tariff Based Competitive Bidding (TBCB) route and is being executed by PGCIL on behalf of its special purpose vehicle (SPV), POWERGRID Siwani Transmission Limited (formerly Bikaner B Power Transmission Limited). Under this contract, Bajel Projects will undertake the construction of a 400kV transmission line spanning approximately 99 kilometers. The work is scheduled for completion within an 18-month timeframe. Commenting on this milestone, Mr. Rajesh Ganesh , Managing Director and CEO of Bajel Projects Limited, said: 'We are proud to be part of India's green energy journey through this critical transmission project in the Bikaner complex. It underscores our continued commitment to delivering reliable, high-quality, and timely infrastructure that supports the country's growing energy needs.' This win further reinforces Bajel Projects' position as a trusted partner in large-scale transmission infrastructure projects. It also plays a pivotal role in accelerating India's energy transition and modernizing the national grid. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
27-06-2025
- Business
- Business Upturn
Hitachi Energy shares jump nearly 3% after bagging 765 kV transformer order from Power Grid Corp
By Aman Shukla Published on June 27, 2025, 10:01 IST Hitachi Energy India shares jumped nearly 3% in morning trade after the company secured a key order from Power Grid Corporation of India Limited (POWERGRID). As of 10 AM, the shares were trading 2.88% higher at Rs 20,000.00. The deal involves the supply of 30 ultra-high-voltage 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. These units will play a vital role in strengthening India's growing electricity network. As the country pushes forward with its energy transition, demand for transformers has been rising steadily—reportedly growing at 15% annually. This order highlights a shift toward long-term national infrastructure planning, aimed at building a robust, future-ready grid. The transformers, once deployed, will help transmit power to meet the average electricity needs of 30 million households. They're also expected to cut transmission losses, reduce costs, and boost grid reliability. The equipment will be manufactured at Hitachi Energy's Maneja facility in Vadodara, aligning with the government's 'Make in India' initiative. In a separate global development, Hitachi Energy recently completed testing the world's first 765-kV/400-kV, 250 MVA transformer using natural ester oil—a biodegradable, fire-resistant alternative. This innovation underlines the company's efforts in advancing safer and more sustainable grid technology. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
26-06-2025
- Business
- Business Upturn
Hitachi Energy wins order from Power Grid to supply 30 units of 765 kV, 500 MVA single-phase transformers
Hitachi Energy India Limited has secured a significant order from Power Grid Corporation of India Limited (POWERGRID) to supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers, marking a major step in India's push toward a more sustainable and robust energy future. As India accelerates its energy transition—driven by increased renewable energy integration and widespread electrification—the demand for power transformers has grown rapidly, rising at a rate of 15% per year over the past two years. This order reflects the industry's shift from short-term project planning to long-term infrastructure programs aimed at strengthening the national grid. The 765 kV UHVAC transformers play a critical role in enhancing grid efficiency, reliability, and security. Once operational, these transformers will support power transmission equivalent to the average electricity consumption of 30 million Indian households, while also reducing transmission losses, lowering operational costs, and improving access to affordable electricity. Manufactured at Hitachi Energy India's facility in Maneja, Vadodara (Gujarat), the transformers will align with POWERGRID's transmission expansion timelines and contribute to Make in India efforts. This local production underscores the company's commitment to supporting India's self-reliant energy manufacturing goals. In a parallel global achievement, Hitachi Energy recently completed successful testing of the world's first 765-kV/400-kV, 250 MVA natural ester-filled transformer. The use of biodegradable ester oil enhances fire safety and sustainability, setting new benchmarks in green power grid solutions. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
