Power Grid posts steady Q1 results and approves ₹856.94 crore transmission capex
Power Grid approved an ₹856.94 crore transmission investment for reconductoring 400 kV double-circuit lines under additional capital expenditure. Profit for the quarter ended June 30 fell 0.9% to ₹3,598.42 crore, while revenue from operations rose 2.7% to ₹11,496.72 crore. Transmission revenue increased, consultancy rose, and telecom revenue declined; the project targets commissioning within 24 months, by February 11, 2028.
Coverage (3)
- Power Grid posts steady Q1 results as transmission business lifts revenue (cnbctv18.com)
- Power Grid Q1 Standalone Net Profit Declines To ₹34.1B; Approves ₹856.94 Crore Investment (sahi.com)
- Power Grid Corporation of India Shares Fall 2.15% in Early Trade; Annual Net Profit Rises to Rs 16,060.29 Crore (moneycontrol.com)