Introduction:
Power stock successfully acquired Kudankulam ISTS Transmission Limited for ₹7.44 Crore, enhancing its transmission infrastructure in India and aligning with its strategic growth objectives in the energy sector.
Share Price movement of Power Grid Corporation of India:
On January 13, 2025, Power Grid Corporation of India Ltd opened at ₹295.00, down from its previous close of ₹299.70. The stock reached a high of ₹298.55 and a low of ₹291.25. By midday, it traded at ₹291.75, marking a 2.65% decrease, with a market cap of ₹271,345.12 crore.
Power Grid Corporation of India’s New Acquisition:
Power Grid Corporation of India Limited has acquired Kudankulam ISTS Transmission Limited (KISTSTL) for Rs. 7.44 Crore, as announced on January 10, 2025. This strategic acquisition, completed under tariff-based competitive bidding, aligns with Powergrid’s focus on expanding its transmission capabilities in India.
The acquisition includes all assets and liabilities of KISTSTL and aims to enhance the power transmission infrastructure for Kudankulam’s nuclear units 3 and 4. The project involves the construction of a 400kV line and associated terminal equipment in Tamil Nadu, ensuring robust energy delivery capabilities.
Post-acquisition, KISTSTL is set to operate under Powergrid’s umbrella, marking its commencement in the power transmission sector with a planned operational start in the near future. This move is part of Powergrid’s broader strategy to strengthen its transmission network across India, supporting the country’s growing energy needs.
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Recent news About Power Grid Corporation of India:
On January 6, 2025, Power Grid Corporation of India was declared the successful bidder under Tariff-Based Competitive Bidding for two interstate transmission projects in Gujarat and Karnataka, receiving Letters of Intent for the augmentation works.
Stock performance of Power Grid Corporation of India for Period of 1 week, 6 months and 1 year:
Over the past week, Power Grid Corporation of India’s stock declined by 2.06%. Over six months, it dropped further by 12.5%. However, its performance over one year showed a strong growth of 25.1%, reflecting long-term resilience amidst short-term challenges.
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Shareholding pattern of Power Grid Corporation of India:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 51.34 | 51.34 | 51.34 |
| FII | 28.26 | 28.73 | 29.82 |
| DII | 16.9 | 16.33 | 15.27 |
| Retail & others | 3.49 | 3.6 | 3.57 |
About Power Grid Corporation of India:
Power Grid Corporation of India is a leading power transmission company managing over 90% of India’s interstate and interregional power networks. It ensures efficient power delivery and supports energy infrastructure growth, contributing to the country’s energy security and development.
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.
