India’s progress in energy has always relied on institutions that quietly shape the nation’s growth.
Power Grid Corporation of India Limited (POWERGRID) has been at the center of this effort, ensuring reliable transmission across regions while supporting the shift toward renewables.
Its story is not only about building infrastructure but also about adapting to changing national priorities. As energy demand rises and clean power gains ground, Power Grid continues to guide the transformation.
In this article, we will look at how Power Grid’s journey unfolded.
Foundational Era & Expansion
Power Grid Corporation of India began life on October 23, 1989, as the National Power Transmission Corporation Limited, set up to plan, own, and operate the country’s high-voltage transmission network.
It received its certificate to begin business in November 1990 and by 1991 had taken over transmission assets from NTPC, NHPC, NEEPCO, and others.
Between 1994 and 1996, regional load-dispatch centres were folded into its operations, paving the way for seamless national grid coordination.
Operational Scale & Innovations
Power Grid has steadily built an extensive network while keeping system reliability at the forefront.
In the last fiscal year, it added close to 4,000 circuit kilometers of new lines, expanded transformation capacity by more than 30,000 MVA, and commissioned four additional substations.
Availability across the system remained almost 99.8 percent, reflecting strong operational discipline.
Alongside this expansion, Power Grid focused on innovation. It commissioned the world’s first 765 kV digital substation at Navsari and completed a large 765 kV project in Sikar within record time, showing how scale and technology now work hand in hand.
Financial Performance & Strategic Investments
Power Grid Corporation closed FY 2024-25 on a strong note, with operational revenue reaching nearly ₹45,800 crore and PAT touching ₹15,520 crore. EBITDA and fixed assets also rose significantly to ₹40,531 Cr and ₹2,75,991 Cr, respectively.
On top of that, capital expenditure crossed ₹26,000 crore, highlighting its long-term focus on transmission growth. As India expands its energy footprint, Power Grid is well-positioned to support this shift.
Meanwhile, the power grid share price remains in focus, trading around ₹283. Although it is below its 52-week peak of ₹366, it reflects consistent market confidence in the company’s fundamentals and future potential across both conventional and renewable energy integration segments.
Catalyst for Renewable Integration
India’s rapid push into renewable energy faces bottlenecks. In Rajasthan, nearly a quarter of solar and wind generation goes unused because transmission lines are not ready, and many projects have seen long commissioning delays.
Power Grid has taken on the task of strengthening interstate networks through Green Energy Corridors, ISTS upgrades, and new 400 kV capacity. It also supports renewable forecasting tools and Renewable Energy Management Centres.
A major assignment is managing transmission for the Gujarat Hybrid Renewable Energy Park, a project expected to deliver 30 GW to millions of households.
Recent Developments & Strategic Maneuvers
In the first quarter of FY2026, Power Grid reported a 2.5 percent year-on-year decline in net profit to ₹3,630 crore, although revenue inched up to ₹11,196 crore.
Capital expenditure was a highlight, jumping nearly 51 percent to ₹6,981 crore as the company pressed forward with large transmission projects.
The board also authorized higher borrowing limits and signaled fresh participation in tariff-based competitive bids. Notably, a cross-border joint venture with Nepal Electricity Authority was approved, reflecting regional ambitions.
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Conclusion
The Power Grid Corporation of India has steadily grown from a transmission company into a vital driver of the nation’s energy shift. Backed by healthy financials, solid infrastructure, and a clear emphasis on renewable integration, it is strongly placed to fuel India’s clean energy goals while ensuring consistent growth and dependable electricity for households, industries, and communities nationwide.
