POWERGRID
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BREAKINGVIEWS-India's dividend demand will prove self-defeating
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, June 18 (Reuters Breakingviews) - India's expectations from its state-owned enterprises are unrealistic. New Delhi wants the profitable ones to make larger and more frequent dividend payments. That can boost government revenue, but the push overlooks companies' shrinking cash piles.
State companies paid out record dividends worth 1.5 trillion rupees ($17.31 billion) during the year ended March, with Oil and Natural Gas Corporation ONGC.NS and lenders including State Bank of India SBI.NS among the top payers. Overall, public sector companies distributed about a quarter of total dividends in the last financial year despite accounting for one tenth of India's market capitalisation.
Now the South Asian country is asking the cohort to increase dividends by about 25% for the financial year to the end of March 2026, Bloomberg reported this month, citing sources, and make the payments on a quarterly basis rather than annually. This looks like a step in the opposite direction of the government's own guideline from November, which relaxed the minimum yearly dividend requirement to the lower of 30% of net profit or 4% of net worth.
There is mounting budget angst. Earlier this year, Arunish Chawla, a secretary in the ministry of finance, argued high payouts are why mutual funds ought to include state-run firms in their investment portfolios. One unspoken aim may be to support public valuations. This would, in turn, help the government to raise revenue by selling state assets. Ensuring payouts at three-month intervals also could help stabilise inflows: tax income turned lumpy after GDP growth slowed through part of last year. The latest personal income tax cuts also will eat into future revenue.
Companies have limited room to step up, however. The cumulative free cash flows after deducting common dividends at eight large non-financial state-owned enterprises stood at 615 billion rupees ($7.14 billion) in March 2024, may have turned negative as of March, and could fall further by 2026, per estimates by Fitch Ratings. That's because the capital expenditure of companies like energy producer NTPC NTPC.NS and utilities provider Power Grid PGRD.NS is rising.
Investors typically shun or discount government-controlled companies precisely because they are vulnerable to official meddling in how they manage their finances. Making too high demands on the state sector is one way to ensure it shrinks sooner rather than later.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
The Indian government is asking state-run companies to increase dividend payouts by about 25% during the financial year to March 31, 2026, to bolster finances in a volatile global environment, Bloomberg reported on June 2, citing unnamed people with knowledge of the matter.
The government is requesting companies to make these payments on a quarterly basis rather than annually, the report added, and wants to collect about 900 billion rupees ($10.5 billion) through dividends in the year through March 2026 compared with 740.2 billion rupees received in the previous year.
State-run firms' shares beat the broader market on total returns https://www.reuters.com/graphics/BRV-BRV/bypreornrve/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, June 18 (Reuters Breakingviews) - India's expectations from its state-owned enterprises are unrealistic. New Delhi wants the profitable ones to make larger and more frequent dividend payments. That can boost government revenue, but the push overlooks companies' shrinking cash piles.
State companies paid out record dividends worth 1.5 trillion rupees ($17.31 billion) during the year ended March, with Oil and Natural Gas Corporation ONGC.NS and lenders including State Bank of India SBI.NS among the top payers. Overall, public sector companies distributed about a quarter of total dividends in the last financial year despite accounting for one tenth of India's market capitalisation.
Now the South Asian country is asking the cohort to increase dividends by about 25% for the financial year to the end of March 2026, Bloomberg reported this month, citing sources, and make the payments on a quarterly basis rather than annually. This looks like a step in the opposite direction of the government's own guideline from November, which relaxed the minimum yearly dividend requirement to the lower of 30% of net profit or 4% of net worth.
There is mounting budget angst. Earlier this year, Arunish Chawla, a secretary in the ministry of finance, argued high payouts are why mutual funds ought to include state-run firms in their investment portfolios. One unspoken aim may be to support public valuations. This would, in turn, help the government to raise revenue by selling state assets. Ensuring payouts at three-month intervals also could help stabilise inflows: tax income turned lumpy after GDP growth slowed through part of last year. The latest personal income tax cuts also will eat into future revenue.
Companies have limited room to step up, however. The cumulative free cash flows after deducting common dividends at eight large non-financial state-owned enterprises stood at 615 billion rupees ($7.14 billion) in March 2024, may have turned negative as of March, and could fall further by 2026, per estimates by Fitch Ratings. That's because the capital expenditure of companies like energy producer NTPC NTPC.NS and utilities provider Power Grid PGRD.NS is rising.
Investors typically shun or discount government-controlled companies precisely because they are vulnerable to official meddling in how they manage their finances. Making too high demands on the state sector is one way to ensure it shrinks sooner rather than later.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
The Indian government is asking state-run companies to increase dividend payouts by about 25% during the financial year to March 31, 2026, to bolster finances in a volatile global environment, Bloomberg reported on June 2, citing unnamed people with knowledge of the matter.
The government is requesting companies to make these payments on a quarterly basis rather than annually, the report added, and wants to collect about 900 billion rupees ($10.5 billion) through dividends in the year through March 2026 compared with 740.2 billion rupees received in the previous year.
State-run firms' shares beat the broader market on total returns https://www.reuters.com/graphics/BRV-BRV/bypreornrve/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
Nepal begins first power exports to Bangladesh via India's grid
June 16 (Reuters) - Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading.
Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday, adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation.
The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam.
India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka.
The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN SJVN.NS currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district.
In April, India's Power Grid Corporation PGRD.NS and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading.
Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi.
(Reporting by Sethuraman NR; Editing by Kate Mayberry)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
June 16 (Reuters) - Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading.
Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday, adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation.
The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam.
India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka.
The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN SJVN.NS currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district.
In April, India's Power Grid Corporation PGRD.NS and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading.
Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi.
(Reporting by Sethuraman NR; Editing by Kate Mayberry)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Power Grid Corporation Of India Approves Sale Of Stake In Torrent Power Grid
May 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
APPROVES SALE OF STAKE IN TORRENT POWER GRID LIMITED
APPROVES SALE OF STAKE IN SIKKIM POWER TRANSMISSION LIMITED
Source text: ID:nBSE1hHG99
Further company coverage: PGRD.NS
(([email protected];))
May 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
APPROVES SALE OF STAKE IN TORRENT POWER GRID LIMITED
APPROVES SALE OF STAKE IN SIKKIM POWER TRANSMISSION LIMITED
Source text: ID:nBSE1hHG99
Further company coverage: PGRD.NS
(([email protected];))
GE Vernova Secures Major Contract to Supply Over 70 High-Voltage Transformers for India's Renewable Energy Projects
GE Vernova Inc. has secured a significant contract from the Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors. These 765 kV class units will be integral to key transmission projects across India, supporting the nation's renewable power evacuation efforts under the Tariff-Based Competitive Bidding framework. The equipment will be manufactured at GE Vernova's facility in Vadodara, India, with deliveries slated from 2026 through the end of 2027. This order, one of the largest for GE Vernova's Electrification segment in India, underscores the company's role in enhancing India's transmission infrastructure and advancing global renewable energy goals.
GE Vernova Inc. has secured a significant contract from the Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors. These 765 kV class units will be integral to key transmission projects across India, supporting the nation's renewable power evacuation efforts under the Tariff-Based Competitive Bidding framework. The equipment will be manufactured at GE Vernova's facility in Vadodara, India, with deliveries slated from 2026 through the end of 2027. This order, one of the largest for GE Vernova's Electrification segment in India, underscores the company's role in enhancing India's transmission infrastructure and advancing global renewable energy goals.
Power Grid Corp Says Commencement Of Commercial Operation Of 85 MW Solar Plant At Nagda, Ujjain
April 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
COMMENCEMENT OF COMMERCIAL OPERATION OF 85 MW SOLAR PV POWER PLANT AT NAGDA, UJJAIN
Source text: ID:nBSE1ZBllb
Further company coverage: PGRD.NS
(([email protected];;))
April 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
COMMENCEMENT OF COMMERCIAL OPERATION OF 85 MW SOLAR PV POWER PLANT AT NAGDA, UJJAIN
Source text: ID:nBSE1ZBllb
Further company coverage: PGRD.NS
(([email protected];;))
Indian state-run firms seek government nod to issue deep-discount, long-tenor debt
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
Power Grid Corp Says Raipur Pool Dhamtari Transmission Commissioned Project
April 17 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID RAIPUR POOL DHAMTARI TRANSMISSION COMMISSIONED PROJECT
Source text: ID:nBSEbhmQ66
Further company coverage: PGRD.NS
(([email protected];;))
April 17 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID RAIPUR POOL DHAMTARI TRANSMISSION COMMISSIONED PROJECT
Source text: ID:nBSEbhmQ66
Further company coverage: PGRD.NS
(([email protected];;))
India New Issue-Power Grid Corp accepts bids for 10-year bonds, bankers say
MUMBAI, April 11 (Reuters) - Power Grid Corporation of India PGRD.NS (PGCIL) has accepted bids worth 60 billion rupees ($697 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 6.94%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, April 11 (Reuters) - Power Grid Corporation of India PGRD.NS (PGCIL) has accepted bids worth 60 billion rupees ($697 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 6.94%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Power Grid Corporation to issue 10-year bonds, bankers say
MUMBAI, April 8 (Reuters) - India's Power Grid Corporation of India(PGCIL) plans to raise 60 billion rupees ($696.02 million), including a greenshoe option of 45 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGCIL | 10 years | To be decided | 15+45 | April 11 | AAA(Crisil, Care, Icra) |
Shriram Finance | 3 years | 8.6 | 5.75 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.6 | 11.4 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | 7.7446 (yield) | 10 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | 7.72 (yield) | 2.05 | April 8 | AAA (Crisil, Icra) |
REC | 15 years | 7.02 | 26.25 | April 8 | AAA (Crisil, Icra, Care) |
HDB Financial Sept 2027 reissue | 2 years and 5 months | 7.6184 (yield) | 1+4 | April 9 | AAA (Crisil, Care) |
HDB Financial | 3 years and 1 month | 7.65 | 10+5 | April 9 | AAA (Crisil, Care) |
Axis Finance | 3 years and 2 months | 7.73 | 3+5 | April 9 | AAA (India Ratings) |
Axis Finance | 5 years | 7.75 (yield) | 2+4 | April 9 | AAA (India Ratings) |
Tata Capital July 2028 reissue | 3 years and 3 months | 7.6005 (yield) | 11.75 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.62 | 15 | April 7 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.2040 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, April 8 (Reuters) - India's Power Grid Corporation of India(PGCIL) plans to raise 60 billion rupees ($696.02 million), including a greenshoe option of 45 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGCIL | 10 years | To be decided | 15+45 | April 11 | AAA(Crisil, Care, Icra) |
Shriram Finance | 3 years | 8.6 | 5.75 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.6 | 11.4 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | 7.7446 (yield) | 10 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | 7.72 (yield) | 2.05 | April 8 | AAA (Crisil, Icra) |
REC | 15 years | 7.02 | 26.25 | April 8 | AAA (Crisil, Icra, Care) |
HDB Financial Sept 2027 reissue | 2 years and 5 months | 7.6184 (yield) | 1+4 | April 9 | AAA (Crisil, Care) |
HDB Financial | 3 years and 1 month | 7.65 | 10+5 | April 9 | AAA (Crisil, Care) |
Axis Finance | 3 years and 2 months | 7.73 | 3+5 | April 9 | AAA (India Ratings) |
Axis Finance | 5 years | 7.75 (yield) | 2+4 | April 9 | AAA (India Ratings) |
Tata Capital July 2028 reissue | 3 years and 3 months | 7.6005 (yield) | 11.75 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.62 | 15 | April 7 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.2040 Indian rupees)
(Reporting by Khushi Malhotra)
Power Grid Corporation Proposes Issue Of Non-Convertible Bonds
April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID PROPOSES ISSUE OF NON-CONVERTIBLE BONDS UNDER PRIVATE PLACEMENT
POWER GRID CORPORATION OF INDIA LTD - TO CONSIDER ISSUE OF BOND
Source text: ID:nBSE4gmsK2
Further company coverage: PGRD.NS
(([email protected];))
April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID PROPOSES ISSUE OF NON-CONVERTIBLE BONDS UNDER PRIVATE PLACEMENT
POWER GRID CORPORATION OF INDIA LTD - TO CONSIDER ISSUE OF BOND
Source text: ID:nBSE4gmsK2
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corp Approves Investment For Procurement Of Transformers At 6.73 Billion Rupees
March 28 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP- INVESTMENT APPROVAL FOR PROCUREMENT OF TRANSFORMERS AT 6.73 BILLION RUPEES
Source text: ID:nBSE4V1SyV
Further company coverage: PGRD.NS
(([email protected];))
March 28 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP- INVESTMENT APPROVAL FOR PROCUREMENT OF TRANSFORMERS AT 6.73 BILLION RUPEES
Source text: ID:nBSE4V1SyV
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India Acquires Kurnool III PS RE Transmission
March 27 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES KURNOOL III PS RE TRANSMISSION
POWER GRID CORPORATION OF INDIA - ACQUISITION VALUE OF KPRTL APPROXIMATELY 190.4 MILLION RUPEES
Source text: ID:nBSE9vWh9b
Further company coverage: PGRD.NS
(([email protected];;))
March 27 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES KURNOOL III PS RE TRANSMISSION
POWER GRID CORPORATION OF INDIA - ACQUISITION VALUE OF KPRTL APPROXIMATELY 190.4 MILLION RUPEES
Source text: ID:nBSE9vWh9b
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corporation Of India Acquires Fatehgarh II And Barmer I PS Transmission
March 21 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA - ACQUIRES FATEHGARH II AND BARMER I PS TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 68.6 MILLION RUPEES
Source text: ID:nNSE5m0L2h
Further company coverage: PGRD.NS
(([email protected];;))
March 21 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA - ACQUIRES FATEHGARH II AND BARMER I PS TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 68.6 MILLION RUPEES
Source text: ID:nNSE5m0L2h
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid - Fined 1 Million Rupees Each By BSE And NSE For Non-Compliance
Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID - FINED 1 MILLION RUPEES EACH BY BSE AND NSE FOR NON-COMPLIANCE
POWER GRID CORPORATION OF INDIA LTD - CO LACKED REQUISITE NUMBER OF INDEPENDENT DIRECTORS IN Q4 2024
Source text: ID:nBSE7VKLJ
Further company coverage: PGRD.NS
Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID - FINED 1 MILLION RUPEES EACH BY BSE AND NSE FOR NON-COMPLIANCE
POWER GRID CORPORATION OF INDIA LTD - CO LACKED REQUISITE NUMBER OF INDEPENDENT DIRECTORS IN Q4 2024
Source text: ID:nBSE7VKLJ
Further company coverage: PGRD.NS
Power Grid Corp - Approves Transmission Scheme For Evacuation Of Power From Ratle And Kiru Hep
March 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR EVACUATION OF POWER FROM RATLE AND KIRU HEP
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA FOR 1.23 BILLION RUPEES
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR RATLE AND KIRU HEP AT 2.19 BILLION RUPEES
Source text: ID:nBSE8LcRx9
Further company coverage: PGRD.NS
(([email protected];;))
March 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR EVACUATION OF POWER FROM RATLE AND KIRU HEP
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA FOR 1.23 BILLION RUPEES
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR RATLE AND KIRU HEP AT 2.19 BILLION RUPEES
Source text: ID:nBSE8LcRx9
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corp Declared As Successful Bidder Under TBCB
March 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - - POWERGRID DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE7PRtNg
Further company coverage: PGRD.NS
(([email protected];))
March 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - - POWERGRID DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE7PRtNg
Further company coverage: PGRD.NS
(([email protected];))
GE Vernova T&D India rises after order win from Power Grid Corp
** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees
** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)
** Order for supply and installation of transformers and reactors under bulk procurement
** Stock on track to snap 4-week losing streak; gained 1.7% so far this week
** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG
** GETD last up 3%, cutting YTD losses to 34.4%
($1 = 87.1275 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees
** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)
** Order for supply and installation of transformers and reactors under bulk procurement
** Stock on track to snap 4-week losing streak; gained 1.7% so far this week
** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG
** GETD last up 3%, cutting YTD losses to 34.4%
($1 = 87.1275 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Power Grid Corp Declared As Successful Bidder Under TBCB
March 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
POWER GRID CORP - SUCCESSFUL BIDDER FOR THREE PROJECTS TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM
Source text: ID:nBSE2Zxf52
Further company coverage: PGRD.NS
(([email protected];;))
March 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
POWER GRID CORP - SUCCESSFUL BIDDER FOR THREE PROJECTS TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM
Source text: ID:nBSE2Zxf52
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corporation Of India Acquires Bidar Transco Limited
Feb 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID ACQUIRES BIDAR TRANSCO LIMITED
ACQUISITION COST 65.2 MILLION RUPEES
Source text: ID:nBSE5PVhsd
Further company coverage: PGRD.NS
(([email protected];;))
Feb 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID ACQUIRES BIDAR TRANSCO LIMITED
ACQUISITION COST 65.2 MILLION RUPEES
Source text: ID:nBSE5PVhsd
Further company coverage: PGRD.NS
(([email protected];;))
Godawari Power And Ispat Gets Approval Of Co's Steel Billets By Power Grid Corp
Feb 6 (Reuters) - Godawari Power and Ispat Ltd GDPI.NS:
GODAWARI POWER AND ISPAT - APPROVAL OF CO'S STEEL BILLETS BY POWER GRID CORPORATION OF INDIA
GODAWARI POWER AND ISPAT - APPROVAL FOR MANUFACTURE OF GALVANIZED FABRICATED STEEL STRUCTURES
Source text: ID:nBSE6gMC0
Further company coverage: GDPI.NS
(([email protected];;))
Feb 6 (Reuters) - Godawari Power and Ispat Ltd GDPI.NS:
GODAWARI POWER AND ISPAT - APPROVAL OF CO'S STEEL BILLETS BY POWER GRID CORPORATION OF INDIA
GODAWARI POWER AND ISPAT - APPROVAL FOR MANUFACTURE OF GALVANIZED FABRICATED STEEL STRUCTURES
Source text: ID:nBSE6gMC0
Further company coverage: GDPI.NS
(([email protected];;))
India's Power Grid Corp drops after Q3 profit misses estimates
** Power Grid Corporation of India PGRD.NS slides as much as 4.1% to 272.1 rupees, its lowest in near 10 months
** Stock among top five losers on benchmark Nifty 50 index .NSEI, which is up 0.7%
** State-run energy transmission firm reported Q3 profit below estimates, hurt by sluggish power demand
** PGRD is the only stock trading in red on the Nifty PSE index .NIFTYPSE, which is trading up 1.8%
** PGRD rated "Buy" on avg, same as peer NTPC NTPC.NS, while Tata Power TTPW.NS, Torrent Power TOPO.NS rated "Hold" - LSEG data
** PGRD last down 1.2%
** YTD, PGRD, NTPC, TTPW down ~9%, ~6%, ~8% and ~9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Power Grid Corporation of India PGRD.NS slides as much as 4.1% to 272.1 rupees, its lowest in near 10 months
** Stock among top five losers on benchmark Nifty 50 index .NSEI, which is up 0.7%
** State-run energy transmission firm reported Q3 profit below estimates, hurt by sluggish power demand
** PGRD is the only stock trading in red on the Nifty PSE index .NIFTYPSE, which is trading up 1.8%
** PGRD rated "Buy" on avg, same as peer NTPC NTPC.NS, while Tata Power TTPW.NS, Torrent Power TOPO.NS rated "Hold" - LSEG data
** PGRD last down 1.2%
** YTD, PGRD, NTPC, TTPW down ~9%, ~6%, ~8% and ~9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Power Grid Corp Of India Q3 Consol Profit 38.62 Bln Rupees; IBES Est. 40.62 Billion Rupees
Feb 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
Q3 CONSOL PROFIT 38.62 BLN RUPEES; IBES EST. 40.62 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 112.33 BILLION RUPEES; IBES EST. 120.28 BILLION RUPEES
DIVIDEND OF 3.25 RUPEES PER SHARE
APPROVED INVESTMENT AT HINDALCO SWITCHYARD FOR 3.7 BLN RUPEES
Further company coverage: PGRD.NS
(([email protected];))
Feb 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
Q3 CONSOL PROFIT 38.62 BLN RUPEES; IBES EST. 40.62 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 112.33 BILLION RUPEES; IBES EST. 120.28 BILLION RUPEES
DIVIDEND OF 3.25 RUPEES PER SHARE
APPROVED INVESTMENT AT HINDALCO SWITCHYARD FOR 3.7 BLN RUPEES
Further company coverage: PGRD.NS
(([email protected];))
Power Finance Says Gadag II And Koppal II Transmission Transferred To Power Grid Corporation
Jan 16 (Reuters) - Power Finance Corporation PWFC.NS:
GADAG II AND KOPPAL II TRANSMISSION TRANSFERRED TO POWER GRID CORPORATION
BIJAPUR REZ TRANSMISSION TRANSFERRED TO G R INFRAPROJECTS
Source text: ID:nBSE99YXrZ
Further company coverage: PGRD.NS
(([email protected];;))
Jan 16 (Reuters) - Power Finance Corporation PWFC.NS:
GADAG II AND KOPPAL II TRANSMISSION TRANSFERRED TO POWER GRID CORPORATION
BIJAPUR REZ TRANSMISSION TRANSFERRED TO G R INFRAPROJECTS
Source text: ID:nBSE99YXrZ
Further company coverage: PGRD.NS
(([email protected];;))
Power Finance Says Kudankulam JSTS Transmission Transferred To Power Grid
Jan 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER FINANCE - KUDANKULAM JSTS TRANSMISSION TRANSFERRED TO POWER GRID
POWER FINANCE - DEAL FOR 74.4 MILLION RUPEES
Source text: ID:nBSE9K8X9w
Further company coverage: PGRD.NS
(([email protected];;))
Jan 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER FINANCE - KUDANKULAM JSTS TRANSMISSION TRANSFERRED TO POWER GRID
POWER FINANCE - DEAL FOR 74.4 MILLION RUPEES
Source text: ID:nBSE9K8X9w
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corp Declared As Successful Bidder Under TBCB
Jan 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE3GCxv3
Further company coverage: PGRD.NS
(([email protected];))
Jan 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE3GCxv3
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India Acquires Rajasthan IV 4A Power Transmission
Dec 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES RAJASTHAN IV 4A POWER TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - PROJECT INCLUDES 765/400KV SUB-STATION AND TRANSMISSION LINES
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 183.7 MILLION RUPEES
Source text: ID:nBSE9RYX03
Further company coverage: PGRD.NS
(([email protected];))
Dec 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES RAJASTHAN IV 4A POWER TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - PROJECT INCLUDES 765/400KV SUB-STATION AND TRANSMISSION LINES
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 183.7 MILLION RUPEES
Source text: ID:nBSE9RYX03
Further company coverage: PGRD.NS
(([email protected];))
India New Issue-PGC accepts bids for 10-year bonds, bankers say
MUMBAI, Dec 23 (Reuters) - Power Grid Corp of India PGRD.NS has accepted bids worth 39.75 billion rupees ($467.2 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.12% and had invited bids from bankers and investors for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGC | 10 years | 7.12 | 39.75 | Dec. 23 | AAA (Crisil, Icra) |
HUDCO | 10 years | 7.12 | 12.30 | Dec. 23 | AAA (India Ratings, Care) |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.0775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Dec 23 (Reuters) - Power Grid Corp of India PGRD.NS has accepted bids worth 39.75 billion rupees ($467.2 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.12% and had invited bids from bankers and investors for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGC | 10 years | 7.12 | 39.75 | Dec. 23 | AAA (Crisil, Icra) |
HUDCO | 10 years | 7.12 | 12.30 | Dec. 23 | AAA (India Ratings, Care) |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.0775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-Power Grid Corp to issue 10-year bonds, bankers say
MUMBAI, Dec 19 (Reuters) - Power Grid Corp of India PGRD.NS plans to raise 42.50 billion rupees ($499.31 million), including a greenshoe option of 32.50 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp of India | 10 years | To be decided | 10+32.50 | Dec. 23 | AAA (Crisil, Icra) |
HDB Financial Dec 2026 reissue | 2 years | 7.84 (yield) | 5.50 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 (yield) | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.1170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Dec 19 (Reuters) - Power Grid Corp of India PGRD.NS plans to raise 42.50 billion rupees ($499.31 million), including a greenshoe option of 32.50 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp of India | 10 years | To be decided | 10+32.50 | Dec. 23 | AAA (Crisil, Icra) |
HDB Financial Dec 2026 reissue | 2 years | 7.84 (yield) | 5.50 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 (yield) | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.1170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Power Grid Corporation Of India Approves Raising Of Bonds Up To 42.5 Billion Rupees
Dec 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID APPROVES RAISING OF BONDS UP TO 42.50 BILLION RUPEES
Source text: ID:nNSE7DvqW0
Further company coverage: PGRD.NS
(([email protected];))
Dec 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID APPROVES RAISING OF BONDS UP TO 42.50 BILLION RUPEES
Source text: ID:nNSE7DvqW0
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India To Consider Issue Of Debentures
Dec 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID TO CONSIDER ISSUE OF DEBENTURES
Source text: ID:nBSE4DCQMX
Further company coverage: PGRD.NS
(([email protected];))
Dec 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID TO CONSIDER ISSUE OF DEBENTURES
Source text: ID:nBSE4DCQMX
Further company coverage: PGRD.NS
(([email protected];))
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What does Power Grid Corp do?
Power Grid Corporation of India Limited, a government-owned enterprise established in 1989, focuses on electric power transmission to ensure uninterrupted power supply and generates revenue through consultancy and telecommunication services.
Who are the competitors of Power Grid Corp?
Power Grid Corp major competitors are Tata Power, Adani Energy Solut., CESC, Reliance Infra, INDIGRID Infra Trust. Market Cap of Power Grid Corp is ₹2,72,601 Crs. While the median market cap of its peers are ₹21,647 Crs.
Is Power Grid Corp financially stable compared to its competitors?
Power Grid Corp seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Power Grid Corp pay decent dividends?
The company seems to pay a good stable dividend. Power Grid Corp latest dividend payout ratio is 67.19% and 3yr average dividend payout ratio is 65.02%
How has Power Grid Corp allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Power Grid Corp balance sheet?
Balance sheet of Power Grid Corp is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Power Grid Corp improving?
Yes, profit is increasing. The profit of Power Grid Corp is ₹15,632 Crs for TTM, ₹15,573 Crs for Mar 2024 and ₹15,420 Crs for Mar 2023.
Is the debt of Power Grid Corp increasing or decreasing?
Yes, The net debt of Power Grid Corp is increasing. Latest net debt of Power Grid Corp is ₹1,20,888 Crs as of Mar-25. This is greater than Mar-24 when it was ₹1,08,458 Crs.
Is Power Grid Corp stock expensive?
Yes, Power Grid Corp is expensive. Latest PE of Power Grid Corp is 17.56, while 3 year average PE is 12.48. Also latest EV/EBITDA of Power Grid Corp is 10.07 while 3yr average is 8.2.
Has the share price of Power Grid Corp grown faster than its competition?
Power Grid Corp has given better returns compared to its competitors. Power Grid Corp has grown at ~12.55% over the last 8yrs while peers have grown at a median rate of 8.02%
Is the promoter bullish about Power Grid Corp?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Power Grid Corp is 51.34% and last quarter promoter holding is 51.34%.
Are mutual funds buying/selling Power Grid Corp?
The mutual fund holding of Power Grid Corp is increasing. The current mutual fund holding in Power Grid Corp is 13.0% while previous quarter holding is 12.11%.