The Board of Directors of POWERGRID has sanctioned an investment proposal on March 19, 2026, for the procurement of essential equipment. The project, focusing on “cold spare Transformers & Reactors approved in 77th NRPC,” carries an estimated cost of ₹705.30 Crore. Implementation of this critical procurement is slated to be completed within 30 months from the date of the approval.
Investment Sanctioned by Board
In a meeting held today, Thursday, March 19, 2026, the Board of Directors of POWERGRID officially granted investment approval for a significant capital expenditure proposal. This decision was communicated to the stock exchanges concerning the requirement for ensuring grid reliability and maintenance flexibility.
Project Details and Cost
The approved investment pertains to the “Procurement of cold spare Transformers & Reactors approved in 77th NRPC”. The total estimated cost sanctioned for this procurement stands at ₹705.30 Crore. This strategic outlay is designed to bolster operational readiness and minimize downtime across the transmission network.
Implementation Timeline
The company has set a clear schedule for executing this procurement and integration plan. The entire project, from the date of this Investment Approval, is scheduled to be implemented within a period of 30 months.
Regulatory Filing Summary
This disclosure, made by the Company Secretary & Compliance Officer, Satyaprakash Dash, adheres to mandatory requirements concerning material events affecting the company’s operations and financial planning.
Source: BSE
