Power Grid's Strategic Moves Amid Profit Dip

Power Grid Corporation reported a slight decline in net profit for the June quarter of 2025-26, largely due to increased expenses. Despite this, the company's total income saw a rise. The board approved several plans, including raising borrowing limits, participating in competitive bidding projects, and forming joint ventures in India and Nepal.

The State-owned Power Grid Corporation announced a minor decrease in net profit, recording Rs 3,630.58 crore for the June quarter of 2025-26, attributed to heightened expenses.

Despite the dip, the corporation saw a marginal increase in total income, reaching Rs 11,444.42 crore as expenditures climbed.

The board has sanctioned raising the borrowing limit to Rs 25,000 crore for the period, alongside approving additional revenue collection methods for 2026-27. Plans include exploring competitive bidding projects and forming new joint ventures.

(With inputs from agencies.)