Power Grid Corporation of India Limited has informed the Exchange about Transcript
POWERGRID · price
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Power Grid Corporation held its Q4 FY26 analysts meet on May 18, 2026. The company exceeded its CapEx guidance, delivering close to ₹40,000 crore against an initial guidance of ₹28,000 crore, with capitalization of ₹28,206 crore. Total income for FY26 stood at ₹47,684 crore with consolidated PAT of ₹15,928 crore (up 3%), while gross fixed assets crossed ₹3 lakh crore and net worth breached ₹1 lakh crore. Key achievements include the world's first 765 kV digital substation, first BESS project under bidding, and a ₹300 million PPP transmission project in Kenya via Africa50. The order pipeline stands strong at ₹1.7 lakh crore in works and ₹1.1 lakh crore under bidding. Management guided FY27 CapEx at ₹37,000 crore and expects FY28 CapEx in the ₹40,000-45,000 crore range. The company sees a long-term sector opportunity of ₹7.9 lakh crore driven by India's 900+ GW renewable energy targets by 2036.
POWERGRID remains a dominant transmission utility with massive order backlog and multi-year CapEx visibility. The company expects significantly better earnings growth in the next three years versus the previous three, driven by strong capitalization and execution.