Total Income Rose to ₹11,696.72 Crore From ₹11,444.42 Crore in the Same Period Last Year

State-owned Power Grid Corporation of India reported a slight on-year dip in consolidated net profit to ₹3,598.42 crore for the June quarter, down from ₹3,630.58 crore a year earlier, the company said in a regulatory filing. Total income rose to ₹11,696.72 crore from ₹11,444.42 crore in the same period last year. In a separate exchange filing on Wednesday, the company approved a ₹856.94 crore project on August 5, 2026, to upgrade the Tirunelveli–Udumalpet and Pugalur–Madurai 400kV double-circuit lines with high-temperature low-sag (HTLS) conductors, with completion targeted within 24 months by February 11, 2028. During the April-June quarter, capital expenditure stood at ₹7,765 crore, and capitalized assets were ₹5,277 crore (excluding FERV and including assets capitalized as finance lease) on a consolidated basis.

Gross fixed assets on a consolidated basis were ₹3,25,671 crore (including gross lease receivables) as of June 30, 2026. Total transmission assets of the company and its subsidiaries stood at 1,86,595 ckm of transmission lines, 291 substations, and 6,34,516 MVA of transformation capacity, with average transmission system availability of 99.80 per cent. The company secured a JPY 80 billion loan from the Japan Bank for International Cooperation (JBIC) to finance the Khavda-Nagpur HVDC Transmission Project. Under tariff-based competitive bidding, Power Grid Corporation won five transmission projects during Q1FY27, including three Inter-State Transmission System (ISTS) and two Intra-State Transmission System (InSTS) projects.