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Power Grid posts steady Q1 results and approves ₹856.94 crore transmission capex

Powergrid Corporation of India logoPowergrid Corporation of India
Sig2.64Sen+0.73Env+0.37Soc+0.33Gov+0.60

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.

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