POWERGRID’s Board of Directors has sanctioned an investment proposal totaling ₹705.30 Crore. This capital expenditure is allocated for the procurement of cold spare Transformers & Reactors, as previously approved by the 77th NRPC. The entire project is slated for implementation within a condensed timeframe of 30 months from the date of the investment sanction announced on Thursday, March 19, 2026, ensuring enhanced grid reliability.
Investment Sanctioned by POWERGRID Board
In a significant move to bolster grid infrastructure reliability, the Board of Directors of POWER GRID CORPORATION OF INDIA LIMITED (POWERGRID) formally approved a major capital expenditure during its meeting held on Thursday, March 19, 2026. This decision follows mandated disclosure requirements for such material events.
Project Details and Financial Outlay
The approved investment proposal is specifically for the “Procurement of cold spare Transformers & Reactors”. These critical components have already received pre-approval from the 77th NRPC (National Regional Power Committee). The total estimated cost for this procurement and subsequent deployment is set at ₹705.30 Crore.
Implementation Timeline
POWERGRID has committed to executing this vital project within a strict schedule. The implementation phase is targeted to be completed within a maximum period of 30 months commencing from the date the Investment Approval was officially granted on March 19, 2026. This swift action is crucial for proactive maintenance and operational readiness.
Official Communication
The formal communication regarding this investment approval was issued by Mr. Satyaprakash Dash, Company Secretary & Compliance Officer, and addressed to the Listing Departments of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Source: BSE
