Power Grid Corporation of India Ltd Share Price (POWERGRID)

Power Grid Acquires Stake in NHPTL; Govt. Nominee Director Relieved - 24 Apr, 2024

Power Grid Corporation of India is set to acquire a 50% stake in National High Power Test Laboratory Pvt Ltd (NHPTL) from NTPC, NHPC, DVC, and CPRI. Meanwhile, Dilip Nigam has been relieved as Govt. Nominee Director on the Board of POWERGRID.

Power Grid Corp Signs Pact with NHPTL; Goldman Sachs Bullish on Stock - 23 Apr, 2024

Power Grid Corporation of India signs pact to acquire 50% stake in NHPTL. Goldman Sachs remains bullish on Power Grid Corporation and expects up to 25% upside for the stock due to strong power demand driving earnings growth.

Power Grid Corp of India to Benefit from $500 Billion Capex Requirement - 20 Apr, 2024

Goldman Sachs estimates that India's power transmission capex requirement will be over $500 billion by FY50, with Power Grid Corporation of India set to be the largest beneficiary.

Power Grid to Raise up to Rs 3,000 Crore through Bonds - 19 Apr, 2024

Power Grid Corporation of India plans to raise up to Rs 3,000 crore through bonds maturing in 10 years. The bond issue has a base size of Rs 500 crore and greenshoe option of Rs 2,500 crore. The bidding for the bonds will take place on April 22 between 11 am and 12 pm on the electronic bidding platform of National Stock Exchange of India (NSE).

Power Grid Corp Board Approves Fundraising Plans Worth ₹12,000 Crore - 18 Apr, 2024

Power Grid Corporation of India is set to raise up to ₹12,000 crore through the issuance of bonds in FY25. Goldman Sachs has initiated coverage on the company, highlighting its role in India's energy transition. The stock rallied 3.81% following board approval for bond issuance.

Power Grid Corp Approves Rs 12,000 Crore Bond Issue - 17 Apr, 2024

Power Grid Corporation of India's board has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID bonds for up to Rs 12,000 crore during FY 2024-25.

Power Grid Wins Three Transmission Projects - 16 Apr, 2024

Power Grid Corporation of India has won three inter-state transmission projects under tariff-based competitive bidding. The projects will help evacuate power from renewable energy projects in Rajasthan and Gujarat.

Power Grid Corp Considers Bond Issue Amidst Low Earnings Outlook - 15 Apr, 2024

Power Grid Corporation's low P/E ratio and inferior earnings outlook lead to a 2.11% drop in stock price. The company plans to issue up to Rs 12,000 crore worth of POWERGRID Bonds during FY 2024-25.

Power Grid Board to Consider Fundraising via NCDs - 12 Apr, 2024

Power Grid Corporation of India Ltd's board will consider raising funds worth ₹12,000 crore through unsecured non-convertible debentures (NCDs) on a private placement basis. The shares settled 2.5% lower at ₹275.45 in today's session.

Power Grid Corporation of India Commissions Transmission System Project - 10 Apr, 2024

Power Grid Corporation of India has announced the commissioning of a project for the transmission system to evacuate power from Neyveli Lignite Corp. Ltd in Tamil Nadu, with effect from 10 February 2024.

Power Grid Corp Plans Network Expansion; Govt Aims for Zero Load-Shedding - 04 Apr, 2024

Power Grid Corporation of India Ltd plans to expand its transmission network while commanding a dividend yield of 5.3%. The government aims for zero load-shedding this summer, with thermal power plants avoiding maintenance and offering surplus power on exchanges.

Power Grid Corporation of India Ltd: A Good Pick for Investors - 01 Apr, 2024

Amidst prevailing market conditions, Power Grid Corporation of India Ltd is a good pick for investors due to its revenue visibility and reasonable earnings certainty. The company's focus on higher capitalization, strong project pipeline, and increased capex guidance are poised to propel growth. Additionally, the stock is trading at 2.6 times fiscal 2026 estimated book value and offers a dividend yield of 4 percent.