Power Grid Corporation of India has delivered a robust FY26 performance, exceeding guidance for Capex, Capitalization, and System Availability. The company maintained its industry leadership with a Profit After Tax of ₹15,928 crore on a consolidated basis. With a massive ₹1.70 lakh crore order book and an active bidding pipeline exceeding ₹1.1 lakh crore, the company remains at the forefront of India’s power transmission infrastructure, driven by massive renewable energy and global integration goals.
FY26 Operational and Financial Highlights
During the fiscal year 2025-26, Power Grid demonstrated exceptional operational excellence, achieving a system availability of 99.84%. The company’s commitment to growth was evidenced by the successful commissioning of 4,765 ckm of transmission lines and 72,055 MVA of transformation capacity. Financially, the company reported a 3% year-on-year growth in consolidated Profit After Tax, reaching ₹15,928 crore.
Strategic Growth and Future Pipeline
Power Grid’s long-term growth is supported by a substantial ₹1.70 lakh crore work-in-hand portfolio. A significant portion of this (81%) is attributed to TBCB (Tariff Based Competitive Bidding) projects. Furthermore, the company is actively pursuing new opportunities with a bidding pipeline of over ₹1.1 lakh crore, including major projects like the Rajasthan REZ Ph-IV (Barmer Complex) worth ₹24,974 crore.
Innovation and Global Expansion
Innovation continues to be a core driver for the company, marked by the deployment of India’s first Insulated Cross-arms at the 400 kV level and the launch of the 220 kV Mobile GIS for rapid emergency restoration. On the global front, the company has successfully ventured into its first large project-financed transmission PPP in Africa through the Africa50 partnership in Kenya, with an estimated project cost of ~$300 million.
Sustainability and ESG Commitment
Power Grid remains steadfast in its ESG goals, reporting that ~90% of waste is diverted from landfills via recycling and reuse. The company has made significant strides in sustainability, including the commissioning of its first 315 MVA synthetic ester oil transformer and achieving 50% electricity consumption from renewable energy sources. The company continues to align its operations with a long-term goal of achieving Net Zero Emissions by 2047.
Source: BSE
