Power Grid Corp Q3FY26 Investor Presentation: Capex Guidance Up, BESS Entry & International Expansion
Power Grid Corp revised FY26 Capex guidance to ₹32,000 Cr and capitalization to ₹22,000 Cr. The company entered the BESS segment with a ₹250 Cr project and expanded internationally with a ~$311M Kenya PPP project. Q3FY26 consolidated PAT rose 8% to ₹4,185 Cr. Gross fixed assets exceed ₹3 trillion.
The upward revision in Capex guidance, strategic entry into BESS, and international expansion are significant developments that will impact the company's future growth and market position. The financial results show positive performance.
The company has revised its Capex and capitalization guidance upwards, indicating strong execution and growth prospects. Entry into the BESS segment and international expansion are positive strategic moves. Financial results show growth in income and profit.
Power Grid Corporation of India Limited (POWERGRID) has released its investor presentation for Q3FY26 and 9MFY26, highlighting key business achievements and future outlook. The company has revised its FY26 Capex guidance upwards to ₹32,000 crore from ₹28,000 crore, and its capitalization guidance to ₹22,000 crore from ₹20,000 crore, reflecting strong execution visibility.
Key business highlights include gross fixed assets exceeding ₹3 trillion, an international expansion partnership with Africa50, and entry into the Battery Energy Storage System (BESS) segment with a first win under the Build-Own-Operate (BOO) model for a 150 MW/300 MWh standalone BESS project at Kalikiri, Andhra Pradesh, with an estimated cost of ₹250 crore.
Financially, for Q3FY26, standalone total income grew by 7% to ₹12,436 crore and Profit After Tax (PAT) increased by 7% to ₹4,160 crore. On a consolidated basis, total income rose by 7% to ₹12,599 crore, and PAT saw an 8% increase to ₹4,185 crore. For 9MFY26, consolidated total income was ₹35,714 crore and PAT stood at ₹11,382 crore.
The company also highlighted its operational strengths, including a system availability of 99.84% as of December 31, 2025. Major elements commissioned after September 30, 2025, include several 765 kV and 400 kV transmission lines and substations across India. POWERGRID is expanding its global transmission footprint through a Kenya PPP project with Africa50, with an estimated project cost of approximately $311 million.
The presentation also detailed the company's business outlook, emphasizing India's energy transition, demand drivers like EVs and green hydrogen, and its execution pipeline of ₹1,45,513 crore across various bidding mechanisms. The company is strategically entering the BESS segment, which is a key enabler for large-scale renewable energy integration, and is expanding internationally with a significant project in Kenya.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Power Grid Corporation of India Limited. Read the original for the full detail.