Power Grid Corporation of India Ltd. saw a 3.4 per cent rise in its stock price during morning trades, positioning itself among the top gainers on the Bombay Stock Exchange (BSE). The scrip recorded an intraday high of Rs 292.65 per share following the company's acquisition of two special purpose vehicles (SPVs)—Fatehgarh II and Barmer I PS Transmission Limited, as well as Chitradurga Bellary REZ Transmission—from bid process coordinator PFC Consulting. The total acquisition cost stood at Rs 726.57 crore.
At approximately 9:37 AM, Power Grid’s stock was trading 2.84 per cent higher at Rs 291.05 per share on BSE, while the benchmark BSE Sensex was up 0.42 per cent at 77,225.65. The company's market capitalisation was reported at Rs 72,70,136.04 crore. The stock’s 52-week high was Rs 366.2 per share, while its 52-week low was Rs 247.5 per share.
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The Fatehgarh II and Barmer I PS Transmission project involves ICT augmentation at both operational and under-construction substations in Rajasthan. According to an exchange filing, Power Grid confirmed that it had completed the acquisition of these projects on March 21, 2025, after being selected as the successful bidder under the Tariff-Based Competitive Bidding process. The project will be executed on a build, own, operate, and transfer (BOOT) basis.
Additionally, the Chitradurga Bellary REZ Transmission project encompasses the development of new 765/400/220kV pooling substations near Davangere/Chitradurga and Bellary, along with high-voltage transmission lines and upgrades to existing substations in Karnataka. These infrastructure developments are expected to enhance power transmission efficiency and reliability in the region.
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