The board also approved a proposal to borrow funds of up to ₹35,000 crore during financial year 2027-28 through multiple sources, including domestic bonds.
The proposed borrowings may include secured and unsecured, non-convertible, cumulative and non-cumulative, redeemable, taxable and tax-free bonds through private placement. Both borrowing proposals approved by the board are subject to shareholders’ approval at the ensuing Annual General Meeting.
ALSO READ | Cabinet approves higher investment limit for POWERGRID to boost renewable energy transmission
In July this year, Power Grid Corporation of India said it has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) process to establish an inter-state transmission system project. The company received the Letter of Intent (LoI) on July 9, 2026, for the project titled “Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)”.
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.
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.
ALSO READ | Power Grid declared successful bidder for Krishnagiri REZ Phase-I transmission project
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%.
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 ₹288.30, up by ₹1.65, or 0.58%, on the BSE.
ALSO READ | Power Grid of India board clears ₹2.2 lakh crore borrowing limit proposal
