Power Grid Corporation of India Limited (POWERGRID) has released the transcript of a webinar held on March 23, 2026, for analysts and investors. The webinar featured presentations and discussions with the senior management team, including Chairman and Managing Director Dr. R.K. Tyagi, and Director (Finance) and CFO Shri G. Ravisankar. The management provided an update on the company's business performance, growth outlook, and future plans. Key discussion points included the company's role in India's energy transition, expansion of the transmission system to meet increasing electricity demand driven by factors like data centers, AI, and EVs, and the integration of renewable energy sources. POWERGRID highlighted its strong foundation as India's largest power transmission utility, its leadership in HVDC and 765 kV networks, and its commitment to technological advancements and operational excellence, evidenced by a transmission system availability of 99.84% in the financial year. Significant financial and operational highlights were shared, including a Capex achievement of over ₹35,000 crore for FY2025-26, surpassing the revised guideline. Capitalization for the year was projected to exceed ₹25,000 crore. The company also provided multi-year guidance, projecting Capex of ₹37,000 crore for FY2026-27 and ₹45,000 crore for FY2027-28, with capitalization targets of ₹30,000 crore and ₹35,000 crore respectively. The management discussed the robust pipeline of transmission projects, with an estimated opportunity of ₹15 lakh crore over the next decade, including international interconnections and projects in the Brahmaputra Basin and under the One Sun, One World, One Grid initiative. Furthermore, the company is undertaking a corporate restructuring involving the merger of 19 SPVs into 2 SPVs and considering the merger of 28 wholly-owned subsidiaries into 2 wholly-owned subsidiaries to improve governance and administrative efficiency. The management addressed investor queries regarding inflationary impacts on TBCB projects, execution capabilities, potential revisions in Capex guidance, and the company's participation in intrastate and battery energy storage projects. They expressed confidence in meeting future execution requirements and capital needs, driven by strong government support and internal capabilities.
