The second project, titled Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section II), and Barmer-I PS, involves ICT augmentation works at existing and under-construction sub-stations in the state of Rajasthan.
The company also confirmed that it received the Letter of Intent (LoI) for the respective projects on 17 February 2025.
The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 31 December 2024, the Government of India owned a 51.34% stake in the company.
The company’s consolidated net profit fell 4.1% to Rs 3,861.63 crore in Q3 FY25 as against Rs 4,028.25 crore posted in Q3 FY24. Revenue from operations declined 2.7% YoY to Rs 11,233.03 crore recorded in the quarter ended 31 December 2024.
The scrip shed 0.74% to Rs 261.20 on the BSE.