State-owned Power Grid Corporation on Wednesday reported 2.5% dip in consolidated net profit at ₹3,630.58 crore for June quarter 2025-26 due to higher expenses.
The company reported a profit of ₹3,723.92 crore in the year-ago period, a BSE filing said.
However, total income rose to ₹11,444.42 crore from ₹11,279.59 crore. Total expenses increased to ₹7,114.23 crore from ₹6,643.07 crore a year ago.
The board approved enhancement of borrowing limit from ₹16,000 crore to ₹25,000 crore, from various sources including issuance of non-convertible debentures under private placement for 2025-26.
It also approved a proposal to raise up to ₹30,000 crore, from various sources including domestic bonds during 2026-27 in one or more tranches / offers.
The board gave in-principle approval for participation of POWERGRID in up to two TBCB (tariff based competitive bidding) projects with an aggregate total estimated project cost of ₹500 crore through consortium of POWERGRID and POWERGRID Infrastructure Investment Trust (PGInvIT).
In-principle approval was also granted for sale of entire stake of POWERGRID and exit from Parbati Koldam Transmission Company, a joint venture between POWERGRID and India Grid Trust.
The board gave in-principle approval for formation of joint ventures in India and Nepal between POWERGRID and Nepal Electricity Authority (NEA) for transmission interconnections between the two countries.
It also approved winding up of RINL POWERGRID TLT Private Ltd, a joint venture between POWERGRID and Rashtriya Ispat Nigam Ltd, from the records of the Registrar of Companies, Ministry of Corporate Affairs, subject to requisite approvals.
