Introduction:
A leading PSU stock has secured a significant power transmission project from Mahan Energen Ltd in Madhya Pradesh through Tariff Based Competitive Bidding, enhancing its infrastructure portfolio and reinforcing its presence in the inter-state electricity transmission segment under the BOOT model.
Share Price movement of Power Grid Corporation of India:
On April 2, 2025, Power Grid Corporation of India Limited opened at ₹286.85, reaching a high of ₹289.75 up 1.01%, low of ₹284.50 and previous close was ₹289.30. The stock is currently trading at ₹286.10,, with a market cap of ₹2,66,090.28 Crores.
Power Grid Corporation of India received order:
Power Grid Corporation of India Limited (POWERGRID) has been announced as the successful bidder under Tariff Based Competitive Bidding for a major transmission project. This project aims to evacuate power from Mahan Energen Limited’s Generating Station in Madhya Pradesh.
The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) dated 31st March 2025 on 1st April 2025, confirming its selection for executing this critical power infrastructure.
The transmission project includes a 400kV double circuit (D/C) transmission line and necessary associated bays at the existing Rewa Power Station (PG) sub-station, located in Madhya Pradesh, to support efficient inter-state power distribution.
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Recent news About Power Grid Corporation of India:
Four of POWERGRID’s innovative projects have been honored with the prestigious India Smart Grid Forum (ISGF) Innovation Awards 2025, recognizing the company’s advancements in smart grid technologies
Stock performance of Power Grid Corporation of India for Period of 1 week, 6 months and 1 year:
Power Grid Corporation of India’s stock has shown mixed performance over various periods. It declined by 0.53% in the past week and dropped 14.6% over six months. However, the stock managed a modest recovery with a positive return of 3.49% over one year.
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Shareholding pattern of Power Grid Corporation of India:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 51.34 | 51.34 | 51.34 |
FII | 28.11 | 28.26 | 28.73 |
DII | 17.03 | 16.9 | 16.33 |
Retail & others | 3.5 | 3.49 | 3.6 |
About Power Grid Corporation of India:
Power Grid Corporation of India Ltd (NSE: POWERGRID) is a central PSU engaged in power transmission. It operates and maintains a vast inter-state transmission network, ensuring reliable electricity supply across India. The company plays a key role in supporting the nation’s energy infrastructure 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.