Power Grid Corporation of India shares rose more than 2% in Wednesday trading. The company had recently reported higher profit and six project wins, but no cause for the share-price gain was established.
The Economic Times’ live tracker put the shares at ₹263.90, up 2.31%, at 2:49 a.m. ET (07:49 UTC). Upstox showed ₹264.10, up 2.38%, at 2:25 a.m. ET (07:25 UTC). The quotes are separate intraday snapshots: Upstox listed a session range of ₹261.25 to ₹266.50 and the previous close at ₹257.95.
The reason for Wednesday’s share-price gain was not clear. The price readings came from market-data feeds and capture trading at different times, rather than one common observation.
The utility reported consolidated profit after tax of ₹3,866 crore for the quarter ended Sept. 30, 2026, an 8% increase from a year earlier. Total income rose 3% to ₹12,055 crore, according to results released Nov. 1, 2026. Power Grid also reported successful bids across six transmission projects in Q2FY27: five inter-state schemes and one within a state.
The company’s release recorded 187,576 circuit kilometers of transmission lines, 293 substations and 649,116 MVA of transformation capacity at the end of the quarter. Power Grid is a Maharatna company under India’s Ministry of Power.
At an analyst and investor meeting on Nov. 3, 2026, Vamsi Rama Mohan Burra, the company’s chairman and managing director, said market-rate compensation for landowners could ease right-of-way problems during construction and could increase capital expenditure. He said Power Grid was looking at capital spending of ₹37,000 crore to ₹40,000 crore and capitalization of ₹25,000 crore to ₹30,000 crore. The arrangement could benefit landowners and help construction access, while adding to the utility’s spending needs.
