Power Grid Corporation of India Limited (POWERGRID): Latest News

Upcoming Board Meeting for Fund Raising The Board of Directors is scheduled to meet on Monday, March 9, 2026, to consider and approve a proposal for fund raising. The company intends to raise capital through unsecured rupee term loans or lines of credit from banks. In compliance with SEBI regulations, the trading window for the company’s securities remains closed from March 4 to March 11, 2026. Aggressive Expansion into Battery Storage (BESS) Throughout early March 2026, Power Grid has floated several high-value tenders for Battery Energy Storage Systems (BESS). Key projects include a 50 MW/100 MWh system in Patiala and a search for consortium partners for a 250 MW/500 MWh project in Bhatinda, Punjab. These initiatives are part of a larger plan to establish 500 MW/1,000 MWh of standalone storage capacity to support renewable energy integration. Q3 FY26 Financial Results For the quarter ended December 31, 2025, Power Grid reported a consolidated Net Profit of ₹4,185 crore, an 8% year-on-year (YoY) increase. Total income rose 7% YoY to ₹12,599 crore. The company maintained exceptional operational efficiency with its transmission system availability at 99.84%. For the first nine months of the fiscal year, total CAPEX reached approximately ₹29,846 crore, driven by strong demand for renewable energy evacuation. Interim Dividend and Payout The company declared a second interim dividend of ₹3.25 per share for the financial year 2025-26. The record date for this payout was February 9, 2026, and the dividend was credited to eligible shareholders by February 27, 2026. This follows the first interim dividend of ₹4.50 paid earlier in December 2025.