Power Grid Corp

June 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID - APPROVES UPGRADATION OF SCADA SYSTEMS AT ESTIMATED COST OF 4.85 BILLION RUPEES

• POWER GRID - APPOINTS SHRI VENKATA S V AS CFO EFFECTIVE 01 JULY 2026

• POWER GRID - APPROVES UNSECURED TERM LOAN FACILITY OF JPY 80 BILLION FROM JBIC AND OTHERS

Source text: ID:nBSE2DSKkK

Further company coverage: PGRD.NS

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June 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID - POWERGRID BOARD TO CONSIDER FUND RAISING VIA UNSECURED TERM LOAN ON JUNE 10, 2026

Source text: ID:nBSE9GJR8x

Further company coverage: PGRD.NS

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May 15 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• Q4 CONSOL PROFIT 45.46 BILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 116.66 BILLION RUPEES

• DIVIDEND OF 1.25 RUPEES PER SHARE

• TO RAISE UP TO 50 BLN RUPEES VIA UNSECURED TERM LOAN OR LINE OF CREDIT

Further company coverage: PGRD.NS

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HANOI, May 3 (Reuters) - The Asian Development Bank on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access.

ADB President Masato Kanda said energy and digital connectivity would underpin the region's long-term growth as demand rises and technological change accelerates.

"By linking power grids and digital networks across borders, we can lower costs, expand opportunity and bring reliable power and digital access to hundreds of millions of people," Kanda said in a statement.

• The plan includes $50 billion for a new Pan‑Asia Power Grid Initiative (PAGI) and $20 billion for technology and digital connectivity projects, the bank said.

• Under PAGI, ADB aims to integrate about 20 gigawatts of renewable energy across borders, build 22,000 circuit-kilometres of transmission lines and improve electricity access for 200 million people by 2035. It expects the initiative to cut regional power-sector emissions by around 15%.

• ADB plans to finance about half of the power grid initiative from its own resources, with the remainder coming from co-financing, including private investment.

• The remaining $20 billion will be mobilised through the Asia‑Pacific Digital Highway to support fibre-optic networks, subsea cables, satellite links and regional data centres.

• The digital programme aims to provide first-time broadband access to 200 million people and improve connectivity for another 450 million by 2035, reducing costs in remote areas by about 40% and creating up to 4 million jobs.

• ADB expects to finance $15 billion of the digital initiative itself.

(Reporting by Phuong Nguyen; Editing by Christopher Cushing)

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April 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - TO RAISE FUNDS UP TO 40 BILLION RUPEES

• POWER GRID CORP - RAISING OF FUNDS VIA RUPEE TERM LOAN/LINE OF CREDIT FROM STATE BANK OF INDIA

Source text: ID:nnAZN4STOEZ

Further company coverage: PGRD.NS

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April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPOINTS BURRA VAMSI RAMA MOHAN AS CHAIRMAN & MANAGING DIRECTOR EFFECTIVE APRIL 1, 2026

Source text: ID:nBSE2QdP7M

Further company coverage: PGRD.NS

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March 23 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• REVISES FY26 CAPEX GUIDANCE TO 350 BILLION RUPEES FROM 320 BILLION RUPEES

• REVISES FY26 CAPITALIZATION GUIDANCE TO 250 BILLION RUPEES FROM 220 BILLION RUPEES

• ACHIEVED FY26 CAPEX OF 355.40 BILLION RUPEES AS OF MARCH 22

Source text: ID:nNSE74Kwkt

Further company coverage: PGRD.NS

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March 12 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - POWERGRID BUYS NES PUNE EAST NEW TRANSMISSION LIMITED

• POWER GRID CORP - NPENTL BOUGHT FOR AGGREGATE VALUE OF 80.5 MILLION RUPEES

Source text: ID:nBSE5jwpvS

Further company coverage: PGRD.NS

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March 11 (Reuters) - Railtel Corp RAIT.NS:

• RECEIVES LOI FROM POWER GRID CORP FOR 1.15 BILLION RUPEES

Source text: ID:nnAZN4SKNIR

Further company coverage: RAIT.NS

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March 9 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID TO RAISE UP TO 50 BILLION RUPEES VIA LOAN FROM UNION BANK OF INDIA

• APPROVES 2.34 BILLION RUPEES INVESTMENT FOR SECURITY OPERATIONS CENTER

• APPROVES IN PRINCIPLE DIVESTMENT OF CTUIL EQUITY TO GRID-INDIA

• POWERGRID APPROVES STRATEGIC ALLIANCE FOR TRANSMISSION PROJECT IN UGANDA

Source text: ID:nBSE3Brk7R

Further company coverage: PGRD.NS

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March 2 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• SEBI GRANTED RELAXATION SOUGHT BY COMPANY FOR CERTAIN REGULATIONS

Source text: ID:nBSE1WLTJT

Further company coverage: PGRD.NS

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Feb 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID NARELA TRANSMISSION HAS SUCCESSFULLY COMMISSIONED PROJECT

Source text: [ID:]

Further company coverage: PGRD.NS

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By Nikunj Ohri and Sarita Chaganti Singh

NEW DELHI, Feb 18 (Reuters) - India has begun easing its restrictions on buying Chinese equipment after a deadly 2020 border clash, allowing state-run power and coal companies to start limited imports as shortages and project delays mount, two government officials told Reuters.

This is the first significant easing of five-year-old curbs that have largely shut Chinese firms out of India's $700 billion-$750 billion government contract market.

Reuters reported in January that India is examining broader relaxations on Chinese bidders for government contracts as border tensions ease.

Since the 2020 clash, New Delhi has required Chinese bidders to register with a government panel and secure political and security clearances before competing for any state contract.

INTER-MINISTERIAL PANEL TO DECIDE FUTURE EXEMPTIONS

India has now allowed state-run entities to procure a power-transmission component from China without government approval.

It is weighing a similar, time-bound exemption for key coal-sector equipment, the two officials said.

The exemption was granted in the "national interest," as blocking Chinese imports would hurt India's manufacturing capability, one of the officials said.

A panel of top bureaucrats has approved the waiver, with a formal order expected soon, the two sources said.

The easing follows repeated requests from government departments facing shortages and project delays under the 2020 restrictions, both officials said.

India may allow case‑by‑case imports of critical Chinese equipment rather than fully reopen procurement, the officials said.

STRICT RULES HIT CAPACITY ADDITION

Since the border standoff, strained India-China ties have slowed the exchange of capital, technology and talent.

New project awards to Chinese bidders fell 27% to $1.67 billion in 2021 from a year earlier, a 2024 Observer Research Foundation report said.

India aims to add 500 GW of non‑fossil capacity by 2030, but execution delays and transmission bottlenecks persist.

Power transmission projects face a roughly 40% shortfall in transformers and reactors over the next three years, the second official said.

SHIFT COMES AS INDIA, CHINA REBUILD COMMERCIAL TIES

Such time‑bound exemptions would follow talks with ministries and security agencies, given concerns that low Chinese bids could undercut domestic firms, they added.

The finance, external affairs, industries, home, power and coal ministries did not immediately respond to Reuters' requests for comment.

The calibrated shift comes as India and China work to rebuild commercial ties, after U.S. President Donald Trump imposed a 50% tariff on Indian goods.

(Reporting by Nikunj Ohri and Sarita Chaganti Singh in New Delhi; Editing by Bernadette Baum)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

Feb 6 (Reuters) - Bajel Projects Ltd BAJL.NS:

• AWARDED 'LARGE' ORDER FROM POWERGRID CORPORATION OF INDIA

• ORDER VALUED BETWEEN 1 BILLION RUPEES AND 2 BILLION RUPEES

Source text: ID:nBSEbWbb01

Further company coverage: BAJL.NS

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Feb 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - GOVERNMENT SANCTIONS MERGER OF 17 SUBSIDIARIES

• POWER GRID CORP - 17 SUBSIDIARIES TO MERGE INTO 2 SUBSIDIARIES

Source text: ID:nBSE7lzBLB

Further company coverage: PGRD.NS

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Feb 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - POWERGRID BUYS SR AND ER POWER TRANSMISSION LIMITED

Source text: ID:nBSEbg4JYz

Further company coverage: PGRD.NS

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Feb 2 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• FY26 CAPEX GUIDANCE RAISED TO 320 BILLION RUPEES FROM 280 BILLION RUPEES

Further company coverage: PGRD.NS

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Jan 8 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID DECLARED AS SUCCESSFUL BIDDER UNDER TBCB

• PROJECT COMPRISES 400 KV D/C TRANSMISSION LINE TRAVERSING IN KARNATAKA

Source text: ID:nnAZN4RSWLD

Further company coverage: PGRD.NS

(([email protected];))

** Shares of Power Grid Corporation of India PGRD.NS rise 1.4% to 264.10 rupees, set to snap three-session losing streak

** The electric power transmission company is a successful bidder for the battery energy storage project

** Project for setting up 2,000 MWh standalone battery energy storage system in selected sub-stations of APTRANSCO, Andhra Pradesh

** PGRD down ~14% YTD

(Reporting by Vijay Malkar)

(([email protected];))

Dec 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• CO SUCCESSFUL BIDDER FOR 2,000 MWH BATTERY ENERGY STORAGE PROJECT

Source text: ID:nBSEbdmh5N

Further company coverage: PGRD.NS

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Nov 17 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPROVES FUND RAISE UP TO 38 BILLION RUPEES

• POWER GRID CORP - APPROVED RAISING FUNDS VIA NON-CONVERTIBLE BONDS

Source text: ID:nBSE1CLkBG

Further company coverage: PGRD.NS

(([email protected];))

By Sethuraman N R

NEW DELHI, Oct 6 (Reuters) - India's federal power regulator has admitted petitions filed by two renewable energy developers seeking compensation for financial losses incurred due to delays in setting up transmission infrastructure, according to regulatory filings.

The outcome could set a precedent for renewable energy developers facing transmission bottlenecks, as India accelerates its clean energy rollout.

In the filing posted over the weekend, the Central Electricity Regulatory Commission (CERC) is examining whether the Power Grid Corporation of India PGRD.NS and the Central Transmission Utility of India, the institutions responsible for setting up transmission infrastructure, should compensate developers for losses.

CERC has asked both to respond within six weeks.

The developers, ACME Solar ACMO.NS and AMPIN Energy, argued in separate petitions that they suffered financial losses due to their inability to transmit power from their solar projects due to delays in operationalising transmission infrastructure.

The Gurugram-based ACME Solar is seeking more than 210 million rupees in compensation, while AMPIN Energy did not specify its losses.

CERC has directed the Central Transmission Utility and Power Grid to submit details on the transmission system, commissioning timelines, and reasons for the delays.

The petitions are scheduled to be heard on November 27.

Power Grid and the Central Transmission Utility did not immediately respond to Reuters' email seeking comments.

India has been forced to curb solar output during periods of low demand to maintain grid stability and ease congestion, as renewable energy supply rises and transmission projects lag.

Rajasthan, India’s top green power-producing state, has seen nearly 4 gigawatts of clean energy curtailed, with estimated losses of up to 2.5 billion rupees ($28.16 million), according to the Rajasthan Solar Association.

($1 = 88.7875 Indian rupees)

(Reporting by Sethuraman NR; Editing by Harikrishnan Nair)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Sept 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORPORATION OF INDIA LTD - DECLARED SUCCESSFUL BIDDER TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM

Source text: ID:nNSE1y6syt

Further company coverage: PGRD.NS

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Sept 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB

Source text: ID:nBSEbn1YvS

Further company coverage: PGRD.NS

(([email protected];;))

Aug 26 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPROVED IMPLEMENTATION OF NORTH-EASTERN REGION EXPANSION SCHEME

• POWER GRID CORP - ESTIMATED COST OF 2.09 BILLION RUPEES

Source text: ID:nBSE5xswcV

Further company coverage: PGRD.NS

(([email protected];;))

MUMBAI, Aug 11 (Reuters) - Power Grid Corporation of India PGRD.NS accepted bids worth 50 billion rupees ($570.74 million) for bonds maturing in 10 years, three bankers and traders said on Monday.

The company will pay a coupon of 6.98% and had invited 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 August 11:

*Size includes base plus greenshoe for some issues

($1 = 87.6050 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia)

(([email protected], [email protected]))

MUMBAI, Aug 8 (Reuters) - Power Grid Corporation of India PGRD.NS plans to raise 50 billion rupees ($571.5 million), which includes a greenshoe option of 40 billion rupees, through sale of bonds maturing in 10 years, three bankers said on Friday.

The company has invited coupon and commitment bids for the issue on Monday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on August 8:

*Size includes base plus greenshoe for some issues

($1 = 87.4880 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

July 11 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - COMMISSIONS SYSTEM STRENGTHENING SCHEME FOR EASTERN, NORTH EASTERN REGIONS

Source text: ID:nBSEb3Djfk

Further company coverage: PGRD.NS

(([email protected];;))

July 3 (Reuters) - Bajel Projects Ltd BAJL.NS:

• BAJEL PROJECTS LTD - SECURES NEW ORDER FROM POWERGRID CORPORATION OF INDIA

• BAJEL PROJECTS LTD - ORDER VALUED AT 3 BILLION RUPEES OR ABOVE

Source text: ID:nBSE7tdGLm

Further company coverage: BAJL.NS

(([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.

(Editing by Una Galani; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))