Now Reading: POWERGRID posts ₹3,598 crore Q1 PAT, gets JBIC loan
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POWERGRID posts ₹3,598 crore Q1 PAT, gets JBIC loan
State-run Power Grid Corporation reported a consolidated profit after tax of ₹3,598 crore for the first quarter of FY2026-27, with total income of ₹11,697 crore. The company incurred capital expenditure of ₹7,765…
The Story in Brief
State-run Power Grid Corporation reported a consolidated profit after tax of ₹3,598 crore for the first quarter of FY2026-27, with total income of ₹11,697 crore. The company incurred capital expenditure of ₹7,765 crore in the quarter and capitalised assets worth ₹5,277 crore. It operates 1,86,595 circuit km of transmission lines and achieved average system availability of 99.80%.
During the quarter, POWERGRID secured a ¥80 billion loan from the Japan Bank for International Cooperation to finance the Khavda-Nagpur HVDC transmission project. The company also won five transmission projects under tariff-based competitive bidding and, in July 2026, India's first synchronous condenser project to support renewable energy integration.
The Indian Opinion
The narrative of PSU lethargy takes another hit as POWERGRID posts strong numbers and secures a ¥80 billion Japan loan. Yet the real test is whether such heavy capex, ₹7,765 crore in one quarter, can sustain returns without tariff hikes. Watch how the Khavda-Nagpur HVDC project’s costs are recovered. That will determine if this is profitable growth or just bigness.
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
