Power Grid Corporation of India Limited (POWERGRID) stands as India's largest electric power transmission company and represents one of the most crucial infrastructure pillars of the nation's power sector. A Schedule 'A', 'Maharatna' Public Sector Enterprise of Government of India, incorporated on October 23, 1989, under the Company Act, 1956, POWERGRID has emerged as a dominant force in the electricity transmission landscape across the country.
The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna company under the Ministry of Power, GoI. The company enjoys strong government backing, with the Government of India owning a 51.34% stake in the company as of March 31, 2025, while the remaining stake is held by institutional investors and the public.
POWERGRID operates one of the world's largest transmission networks, covering 90% of the country's interstate and inter-regional electric power transmission system. The company's massive infrastructure footprint includes approximately 1,79,594 circuit kilometers (ckm) of Extra High Voltage (EHV) transmission lines and comprises 280 EHV AC & HVDC Sub-stations, boasting a transformation capacity of 5,48,461 MVA as of February 28, 2025.
The company's core business encompasses planning, implementation, operation, and maintenance of the Inter-State Transmission System (ISTS), Telecom, and consultancy services. POWERGRID's strategic importance is further highlighted by its role in facilitating the evacuation of more than 110 GW of non-fossil energy capacities, contributing significantly to India's renewable energy targets.
Beyond its primary transmission business, POWERGRID has strategically diversified into complementary sectors. POWERGRID is in the Telecom business through its wholly-owned subsidiary - POWERGRID Teleservices Limited with its brand name PowerTel, which is the only Telecom Service Provider in the Country having a PAN India overhead Optic fiber network using Optical Ground Wire on power transmission lines. This diversification leverages the company's existing transmission infrastructure to generate additional revenue streams.
The company also maintains 13 Joint Ventures with private companies, State Governments, and other PSUs for taking up Intra-State and Cross-border transmission projects, demonstrating its collaborative approach to expanding India's power infrastructure.
POWERGRID maintains a substantial market presence with a market capitalization of ₹2,73,438 Crore as of recent estimates. The company's financial performance for FY25 showed revenue from operations falling to ₹45,792.32 Crore in FY25 from ₹45,843.10 Crore in the previous fiscal year, while consolidated net profit declined marginally to ₹15,521.44 Crore in FY25, compared to ₹15,573.16 Crore in FY24.
* Revenue from operations: ₹45,792.32 Crore
* Net profit: ₹15,521.44 Crore
* Q4 FY25 revenue: ₹12,275.35 Crore (up 2.48% YoY)
* Q4 FY25 net profit: ₹4,142.87 Crore (down 0.56% YoY)
The company's diversified revenue streams showed mixed performance in Q4 FY25:
* Revenue from transmission business stood at ₹11,710.65 Crore (down 0.47% YoY).
* Revenue from consultancy business stood at ₹517.74 Crore (up 120.39% YoY).
* Revenue from telecom business stood at ₹302.85 Crore (up 21.29% YoY).
POWERGRID maintains a consistent dividend policy, with the company's board recommending a final dividend of ₹1.25 per equity share for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company offers attractive dividend yields, with a 4% dividend yield providing steady income to investors.
The company is actively pursuing expansion and modernization initiatives. Recent developments include the acquisition completed on June 4, 2025, made under tariff-based competitive bidding as part of the transmission system for evacuating power from Mahan Energen's generating station in Madhya Pradesh. POWERGRID also secured ₹131.68 Crore capex approval for the National Unified Network Management System by February 2027, demonstrating its commitment to technological advancement.
POWERGRID has embraced sustainability as a core business imperative. POWERGRID has set a target for meeting 50% of its internal energy needs from renewable sources by 2025 and achieving net zero status by 2047. The company has made significant progress with the installation of 10.7 MWp rooftop solar PV systems at more than 154 locations completed as of July 2024.
POWERGRID enjoys strong credit ratings reflecting its financial stability and government backing. The company maintains international ratings consistent with the Government of India's Sovereign rating - Standard & Poor's BBB- (Outlook-Positive), Fitch BBB- (Outlook-Stable), and Moody's Baa3 (Outlook-Stable). Domestically, it holds the highest safety ratings from major rating agencies including CRISIL AAA/Stable, ICRA AAA/Stable, and CARE AAA.
The company's strategic importance in India's power sector, combined with its extensive infrastructure network, strong financial position, and government support, positions POWERGRID as a key player in the country's energy transition and infrastructure development story. With a robust order book of ₹1.4 lakh Crore and anticipation of significant growth driven by renewable energy demand and a strong capex pipeline of ₹2 trillion, POWERGRID remains well-positioned for long-term growth in India's evolving energy landscape.
