Power Grid Capex Guidance
The electric power transmission utility has increased its capex guidance for the financial year 2025-26 to Rs 35,000 crore, up from its earlier estimate of Rs 32,000 crore.
The company has also revised its capitalisation target for the fiscal year to Rs 25,000 crore, up from its earlier guidance of Rs 22,000 crore.
As per the company, the achieved capex target as of March 22 stands at Rs 35,540 crore, translating to 102 per cent of the latest guidance. Capitalisation stood at Rs 22,749 crore, or around 91 per cent of the revised target.
The company said its execution efficiency and adaptability helped it navigate a challenging project environment, supporting higher-than-expected capex delivery and steady capitalisation.
Looking ahead, the company highlighted a strong multi-year capex and capitalisation runway. PGCIL has already incurred over Rs 1 lakh crore in capex and over Rs 90,000 crore in capitalisation during FY21–FY26, reflecting sustained execution.
The company’s works-in-hand stands at over Rs 1.48 lakh crore, including projects under construction worth over Rs 49,000 crore, providing strong near-term visibility for capitalisation.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
