New Delhi: State-owned Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise under the Ministry of Power, has reported a consolidated Profit After Tax (PAT) of ₹3,598 croreand total income of ₹11,697 crore for the first quarter of the financial year 2026-27 (Q1 FY27), ending June 30, 2026.
The company also recorded strong operational growth during the quarter by expanding its transmission network, investing heavily in infrastructure, securing five new transmission projects under the Tariff-Based Competitive Bidding (TBCB) route, and obtaining a major international loan for one of India’s largest power transmission projects.
Strong Financial Performance in Q1 FY27
On a standalone basis, POWERGRID reported:
- Profit After Tax (PAT): ₹3,411 crore
- Total Income: ₹11,370 crore
On a consolidated basis, the company reported:
- Profit After Tax (PAT): ₹3,598 crore
- Total Income: ₹11,697 crore
The results reflect the company’s continued financial stability as it expands India’s national power transmission infrastructure.
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Capital Expenditure Crosses ₹7,700 Crore
POWERGRID continued to invest significantly in strengthening the country’s transmission network.
During Q1 FY27, the company:
- Incurred Capital Expenditure (CapEx) of ₹7,765 crore on a consolidated basis.
- Capitalised assets worth ₹5,277 crore, excluding Foreign Exchange Rate Variation (FERV) and including assets capitalised as finance leases.
As of June 30, 2026, POWERGRID’s Gross Fixed Assets on a consolidated basis stood at ₹3,25,671 crore, including Gross Lease Receivables.
Transmission Network Continues to Expand
At the close of the first quarter, POWERGRID and its subsidiaries operated one of the world’s largest transmission networks.
Its transmission infrastructure comprised:
- 1,86,595 circuit kilometres (ckm) of transmission lines.
- 291 substations.
- 6,34,516 MVA of transformation capacity.
The company also maintained an impressive average transmission system availability of 99.80%, reflecting high operational reliability and efficiency.
₹80 Billion JBIC Loan for Khavda-Nagpur HVDC Project
One of the quarter’s major highlights was POWERGRID securing a Japanese Yen (JPY) 80 billion loan from the Japan Bank for International Cooperation (JBIC).
The financing will support the Khavda-Nagpur High Voltage Direct Current (HVDC) Transmission Project, regarded as one of India’s landmark transmission initiatives that will facilitate evacuation of renewable energy generated from the massive renewable energy park at Khavda in Gujarat.
The project is expected to play a crucial role in strengthening India’s green energy transmission infrastructure.
Five New Transmission Projects Won
POWERGRID further strengthened its project portfolio by emerging as the successful bidder for five transmission projects under the Tariff-Based Competitive Bidding (TBCB) mechanism during Q1 FY27.
The projects include:
- Three Inter-State Transmission System (ISTS) projects
- Two Intra-State Transmission System (InSTS) projects
Winning these projects reinforces the company’s leadership in India’s transmission sector and supports the country’s expanding electricity infrastructure.
India’s First Synchronous Condenser Scheme
Continuing its momentum beyond the first quarter, POWERGRID achieved another milestone during July 2026 by securing India’s first Synchronous Condenser scheme under the TBCB route.
The project is designed to provide essential grid stability and voltage support, facilitating the seamless integration of increasing renewable energy capacity into the national electricity grid.
The scheme is expected to become a key component of India’s transition towards a cleaner and more resilient power system.
Supporting India’s Energy Transition
As India’s largest power transmission utility, POWERGRID continues to play a pivotal role in building the infrastructure required to support the country’s growing electricity demand and ambitious renewable energy targets.
With robust financial performance, sustained capital investments, strategic international financing and a growing portfolio of transmission projects, the company remains central to India’s efforts to strengthen grid reliability, enhance energy security and accelerate the transition to clean energy.
About POWERGRID
Power Grid Corporation of India Limited (POWERGRID) is a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. The company is India’s leading power transmission utility, responsible for developing and operating a large-scale transmission network across the country. POWERGRID also undertakes projects in smart grid technology, telecommunications, and renewable energy integration to strengthen India’s power infrastructure.
