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Power Grid: Stock jumps after company to acquire Vindhyachal Varanasi Transmission

Power Grid Corporation of India Ltd has acquired 100% stake in Vindhyachal Varanasi Transmission Limited for ₹19.84 crore. This will strengthen its inter-regional power transmission network in India.

Introduction

Leading power transmission company has acquired 100% stake in Vindhyachal Varanasi Transmission Limited for ₹19.84 crore. The move is to strengthen inter-regional transmission infrastructure and expand its operational footprint in northern India.

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Share price movement of Power Grid

On October 17, 2025, Power Grid Corporation of India Ltd opened at ₹290.75, down 0.36% from its previous close of ₹291.80. The stock reached a high of ₹291.25 (‑0.19%) and a low of ₹288.70. By 11:25 AM, it traded at ₹290.75, down 0.36%, with a market cap of ₹2,70,415.06 crore.

Power Grid Acquires Vindhyachal Varanasi Transmission

Power Grid Corporation of India Ltd has acquired Vindhyachal Varanasi Transmission Limited under Tariff Based Competitive Bidding. The acquisition was completed on October 16, 2025, on a BOOT basis.

The project includes a new 765 kV sub-station at Prayagraj and 765 kV D/c transmission lines in Uttar Pradesh and Madhya Pradesh. POWERGRID had no prior interest in VVTL.

The acquisition was completed for approximately ₹19.84 crore for 10,000 equity shares at par, along with assets and liabilities. VVTL will engage in power transmission and operate across India.

Stock performance of Power Grid for Period of 1 week, 6 months, and 1 year

Power Grid Corporation of India Ltd delivered a 0.93% return over the past week, declined 5.55% in the past six months, and fell 11.9% over the past year.

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Shareholding pattern of Power Grid

ParticularsSep 2025Jun 2025Mar 2025
Promoter51.30%51.30%51.30%
FII25.70%26.50%26.80%
DII19.40%18.60%18.40%
Public3.60%3.60%3.50%

About Power Grid

Power Grid Corporation of India Ltd (NSE: POWERGRID) is India’s largest electric power transmission company, engaged in planning, operation, and maintenance of inter-state transmission, telecom, and consultancy services, with majority government ownership.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Power Grid Corporation of India Ltd share price going up today?

A: Power Grid Corporation of India Ltd share price is rising after acquiring Vindhyachal Varanasi Transmission Limited under TBCB on October 16, 2025.

Q: How much stake do promoters hold in Power Grid Corporation of India Ltd stock?

A: Promoters hold 51.30% stake in Power Grid Corporation of India Ltd as of the latest filing.

Q: What is the 52-week high and low of Power Grid Corporation of India Ltd stock?

A: The 52-week high of Power Grid Corporation of India Ltd stock is ₹345.25, and the low is ₹247.50.

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