The surge in Power Grid Corporation share price came after the company's announcement that it had been declared the successful bidder under Tariff based competitive bidding for 3 projects
Power Grid Corporation of India (Powergrid) on Tuesday said it was acquiring Bidar Transco Ltd (BTL) after being selected as a successful bidder under a tariff-based competitive bidding (TBCB). REC Power Development and Consultancy Ltd (RECPDCL), and arm of REC Ltd, acted as the bid coordinator, Powergrid said in an exchange filing. On the objectives behind the acquisition, it said BTL is engaged in the same business as that of Powergrid. BTL has been acquired for an aggregate value of about Rs 6.52 crore, including 50,000 equity shares at par at Rs 10 each, along with assets and liabilities of BTL as on the acquisition date (18.02.2025). However, the acquisition price is subject to adjustment as per the audited accounts of BTL as on the acquisition date.
The BSE Sensex has near key support at 75,150, below which a dip towards 74,400 seems likely. Technical chart shows the Nifty 50 index seems headed towards the 20-month moving average.
Asian Paints, Power Grid, Tata Motors, Canara Bank, GAIL (India), Indian Oil Corporation, Jio Financial and Tube Investments of India from the index also hit their respective 52-week lows today
The company has set a capex target of ₹23,000 crore and a capitalisation goal of ₹18,000 crore for FY25
Power Grid's consolidated profit dropped 4.1 per cent year-on-year (Y-o-Y) to Rs 3,861.6 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 4,028.3 crore in Q3FY24
The state-run energy transmission company's consolidated net profit fell 4% to 38.62 billion rupees ($443.5 million) in the three months to Dec. 31
Technical chart shows that L&T, NTPC, Jain Irrigation seem to be placed favourably, while Siemens and Power Grid Corporation look weak. Here are the key levels to watch out on these 5 shares.
Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday's intraday
NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.
The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.
State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing. Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago. The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25. The board also approved the proposal to sell, assign, transfer 26 per cent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).
Q2 results today, November 6: Aadhar Housing Finance, Power Grid Corporation of India, and Jindal Steel & Power will be releasing their Q2FY25 results today
Infrastructure bonds have a tenor of at least seven years and the proceeds are utilised by banks to fund long-term infrastructure projects
Power Grid Corporation shares have yielded a return of 68.40 per cent in the last one year, and 112.72 per cent in the last two years
Power Grid will install STATCOMs--electronic devices that regulate voltage on power grids, at Khavda along with associated bay extension work in Gujarat