Power Grid Corporation of India Ltd announced an upward revision of its FY26 capital expenditure guidance to ₹320 billion from ₹280 billion. The increase reflects the company’s commitment to expanding transmission capacity, strengthening grid reliability, and supporting India’s renewable energy integration and infrastructure growth.
In a significant move underscoring India’s infrastructure ambitions, Power Grid Corporation of India Ltd has raised its FY26 capital expenditure (capex) guidance to ₹320 billion, up from the earlier estimate of ₹280 billion. The announcement, made on February 2, 2026, highlights the company’s proactive strategy to meet rising electricity demand and accelerate renewable energy integration.
Key Highlights:
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Capex boost: The revised guidance reflects a 14% increase, aimed at strengthening transmission networks and modernizing grid infrastructure.
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Renewable integration: Investments will focus on enabling large-scale solar and wind projects, ensuring smooth evacuation of green power.
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Reliability & efficiency: Power Grid plans to enhance grid stability, reduce transmission losses, and improve efficiency through advanced technologies.
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National impact: The spending aligns with India’s broader energy transition goals, supporting the government’s push for clean energy and infrastructure modernization.
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Investor sentiment: Analysts view the higher capex as a positive signal of growth, likely to bolster long-term earnings visibility and market confidence.
Outlook:
With this capex expansion, Power Grid is set to play a pivotal role in India’s energy transformation, ensuring robust infrastructure to support both conventional and renewable power needs.
Sources: Reuters, Economic Times Energy, Mint Business, Business Standard