PowerGrid to Invest ₹914 Crore in Transformers, Reactors for Grid Expansion
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CNBC TV18•20-01-2026, 20:43
PowerGrid to Invest ₹914 Crore in Transformers, Reactors for Grid Expansion
- •PowerGrid's Committee of Directors approved investment proposals totaling ₹914 crore for cold spare transformers and reactors.
- •The procurement aims to enhance grid reliability and capacity across various regions.
- •Projects are slated for completion within 30 months from the investment approval date.
- •Approvals include ₹401.88 crore for WRPC, ₹166.33 crore for NERPC, and ₹345.78 crore for SRPC.
- •Despite the investment, PowerGrid reported a 6% decline in Q2 net profit to ₹3,566 crore, missing Street estimates.
Why It Matters: PowerGrid commits ₹914 crore to critical equipment procurement despite a recent dip in quarterly profits.
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