Power Grid Capitalization Rises Sharply, FY26 Guidance Upgraded Amid Project Execution Gains
POWER GRIDS & TRANSMISSION
In Q3FY26, Power Grid's project capitalization soared to ₹9,023 crore, significantly surpassing market expectations. This increase is attributed to new government guidelines facilitating land acquisition and project execution.
Consolidated Ebitda rose by approximately 6% year-on-year to ₹10,100 crore. The company revised its FY26 capex guidance to ₹32,000 crore and capitalization target to ₹22,000 crore. Despite facing challenges in transformer manufacturing capacity, Power Grid has plans for imports to meet requirements.

Feb 5, 2026, 6:03 AM