POWERGRID board approves Rs 1,226.93 Crore HVDC refurbishment

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POWERGRID · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹260.00

prior close

₹261.85

announcement price

In-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%+0.5% vs market

Power peers, median of 34sector · industry level-0.5%+0.9% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.9 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-0.8-0.3-0.5-1.3+0.5

+1.3+0.4+0.9-0.0+1.3

+2.0+1.1+0.8+0.5+1.5

+2.6+1.2+1.4+0.7+1.9

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+15.5-0.1+15.6-4.4+19.9

+14.3-8.2+22.4-10.2+24.5

UpDownMarket · Nifty 100Sector · Power peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Power Grid Corporation of India (POWERGRID) board approved an investment of Rs 1,226.93 Crore on 17 December 2025 for refurbishment of the Bhadrawati (Chandarpur) HVDC 2x500 MW Back-to-Back System. The project falls under the Additional Capital Expenditure for the 2024-29 Tariff Block and will be implemented over 36 months from the award date.

Likely market impact

Moderate capex for upgrading an existing HVDC asset; supports regulated tariff earnings for 2024-29. Likely neutral to mildly positive for the stock.