The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis and includes augmentation and bay extension works at Bhadla-III substation in Rajasthan, Ramgarh substation in Rajasthan, and Kanpur substation in Uttar Pradesh.ALSO READ | Power transmission offers biggest long-term opportunity; textiles near bottom: Nepean Capital
Fourth Quarter Results
Power Grid Corporation of India reported a 9.7% year-on-year rise in consolidated net profit for Q4FY26, at ₹4,546.3 crore, beating the CNBC-TV18 poll estimate of ₹4,451 crore. Net profit stood at ₹4,143 crore in the corresponding quarter last year.However, revenue from operations declined 5% year-on-year to ₹11,666 crore from ₹12,275 crore and came in below the CNBC-TV18 poll’s projected ₹12,859 crore.
EBITDA fell 11.3% to ₹9,066 crore against ₹10,224 crore a year ago, missing the poll estimate of ₹10,901 crore. EBITDA margin narrowed to 77.7% from 83% in the year-ago quarter and was lower than the estimated 84.28%.
ALSO READ | KEC International shares gain after Power Grid lifts exclusion order ahead of schedule
The board recommended a final dividend of ₹1.25 per equity share for FY26, subject to shareholder approval at the upcoming AGM. The final dividend is in addition to the first interim dividend of ₹4.50 per share and the second interim dividend of ₹3.25 per share already paid during the financial year.
Shares of Power Grid Corporation of India Ltd ended at ₹281.45, up by ₹1.55, or 0.55%, on the BSE.
ALSO READ | Power Grid declared successful bidder for green hydrogen project in Andhra Pradesh
First Published: Jul 9, 2026 7:43 PM IS
