Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
258.85
-2.15 (-0.82%)
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Power Grid rises on acquiring Mandsaur I RE Transmission

Date: 09-10-2025

Power Grid Corporation of India is currently trading at Rs. 286.30, up by 0.80 points or 0.28% from its previous closing of Rs. 285.50 on the BSE.

The scrip opened at Rs. 284.50 and has touched a high and low of Rs. 286.95 and Rs. 282.35 respectively. So far 148439 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 345.25 on 25-Nov-2024 and a 52 week low of Rs. 247.50 on 28-Feb-2025.

Last one week high and low of the scrip stood at Rs. 292.35 and Rs. 280.55 respectively. The current market cap of the company is Rs. 265439.23 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.05% and 3.61% respectively.

Power Grid Corporation of India has on October 8, 2025 acquired Mandsaur I RE Transmission (MIRETL), the Project SPV to establish ‘Augmentation of transformation capacity and Implementation of line bays at Mandsaur S/s for RE Interconnection’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting (PFCCL). The project comprises augmentation works at under-construction sub-station (Mandsaur PS) in the state of Madhya Pradesh. 

MIRETL has been acquired by Powergrid pursuant to Powergrid emerging as the successful bidder under Tariff Based Competitive Bidding. MIRETL is engaged in the business as that of Powergrid i.e. transmission of power. MIRETL has been acquired for an aggregate value of about Rs 7.30 crore including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of MIRETL as on the acquisition date. However, the acquisition price is subject to adjustment as per the audited accounts of MIRETL as on the acquisition date. 

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.