Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 30 May 2024 acquired Khavda IV-E2 Power Transmission (KIVE2TL), the Project SPV to establish �Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW) Part E2�, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator � REC Power Development and Consultancy. The project comprises of augmentation works at existing substation in the state of Gujarat. KIVE2TL was incorporated on 05 October 2023 by the Bid Process Coordinator as per the �Guidelines Encouraging Competition in Development of Transmission Projects� and �Tariff based Competitive-bidding Guidelines for Transmission Service� notified by Ministry of Power (MoP). Powered by Capital Market - Live News

Power Grid Corporation of India announced that project under �Jamnagar Oil Refinery of Reliance Industries (RIL) to connect with Jam Khambhaliya ISTS PS� has been commissioned with effect from 5 May 2024 for which Notification for Commercial Operation (DOCO) has been received on 27 May 2024. Powered by Capital Market - Live News

Power Grid Corporation of India announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 2.75 per equity Share (i.e. 27.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Power Grid Corporation of India declined 3.62% to Rs 4166.33 crore in the quarter ended March 2024 as against Rs 4322.87 crore during the previous quarter ended March 2023. Sales declined 2.33% to Rs 11978.11 crore in the quarter ended March 2024 as against Rs 12263.72 crore during the previous quarter ended March 2023.For the full year,net profit rose 0.99% to Rs 15573.16 crore in the year ended March 2024 as against Rs 15419.74 crore during the previous year ended March 2023. Sales rose 0.57% to Rs 45843.10 crore in the year ended March 2024 as against Rs 45581.28 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales11978.1112263.72 -2 45843.1045581.28 1 OPM %82.8488.31 -85.7586.43 - PBDT8383.828649.29 -3 31609.2231035.00 2 PBT5124.805335.30 -4 18513.9517701.62 5 NP4166.334322.87 -4 15573.1615419.74 1 Powered by Capital Market - Live News

Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News