The board also sanctioned borrowing up to ₹35,000 crore during the financial year 2027-28 via multiple sources, such as domestic bonds.
The proposed loans may encompass secured and unsecured, non-convertible, cumulative as well as non-cumulative, redeemable, taxable, and tax-exempt bonds through private placements. Both borrowing proposals are contingent upon shareholders’ approval at the upcoming Annual General Meeting.
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This July, Power Grid Corporation of India announced its success in the Tariff Based Competitive Bidding (TBCB) process for establishing an inter-state transmission system project. The company received the Letter of Intent (LoI) on July 9, 2026, for the project named “Augmentation at Bhadla-III, Ramgarh PS, and Kanpur (PG)”.
The project will be executed on a Build, Own, Operate and Transfer (BOOT) model, which involves augmentation and bay extension at the Bhadla-III substation in Rajasthan, Ramgarh substation in Rajasthan, and the Kanpur substation in Uttar Pradesh.
Fourth Quarter Results
Power Grid Corporation of India registered a consolidated net profit growth of 9.7% year-on-year for Q4FY26, amounting to ₹4,546.3 crore, surpassing the CNBC-TV18 poll estimate of ₹4,451 crore. The net profit was ₹4,143 crore in the same quarter the previous year.
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However, operational revenue declined 5% year-on-year to ₹11,666 crore from ₹12,275 crore, falling short of the CNBC-TV18 poll projection of ₹12,859 crore.
EBITDA decreased by 11.3% to ₹9,066 crore compared to ₹10,224 crore a year earlier, and missed the poll estimate of ₹10,901 crore. The EBITDA margin shrank to 77.7% from 83% in the corresponding quarter last year and was also lower than the expected 84.28%.
The board has recommended a final dividend of ₹1.25 per equity share for FY26, pending shareholder approval at the forthcoming AGM. This final dividend is in addition to the previously paid first interim dividend of ₹4.50 per share and the second interim dividend of ₹3.25 per share during the financial year.
Shares of Power Grid Corporation of India Ltd closed at ₹288.30, rising by ₹1.65 or 0.58%, on the BSE.
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