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Power Grid’s execution, guidance upgrade recharge stock
Mint Mumbai
|February 05, 2026
PowerGrid Corp’sshares gained 13% over the last four sessions, as investors cheered a ramp-up in project execution during the December quarter (Q3FY26) and an upward revision in capital expenditure (capex) and capitalization targets.
In Q3, project capitalization jumped to ₹9,023 crore from ₹3,900 crore in the first half of FY26. Capitalization refers to projects that are completed during the period and begin generating revenue. According to PL Capital, Power Grid’s Q3 capitalization was 80-90% higher than expected.
It was aided by higherright-of-way compensation norms, helping speed up land acquisition and project execution.
Consolidated Ebitda, adjusted for prior-period income, rose about 6% on-year to ₹10,100 crore in Q3. Adjusted revenue rose nearly 6% to ₹11,900 crore, but cost growth was contained.
Cette histoire est tirée de l'édition February 05, 2026 de Mint Mumbai.
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