New Delhi: Power Grid Corporation of India Limited , the nation’s leading transmission utility, has delivered an exceptional performance in the financial year 2024-25, reinforcing its position as a powerhouse in India’s energy sector. During a webinar held on May 21, 2025, Chairman and Managing Director (CMD) Shri R.K. Tyagi shared the company’s remarkable achievements and ambitious plans, signaling a bright future for Power Grid and its stakeholders.
Financial Triumphs and Market Strength
POWERGIRD has achieved significant financial milestones, with its market capitalization soaring to ₹3.4 trillion in September 2024, driven by a share price of ₹366. This growth underscores the company’s robust financial health and investor confidence. In FY 2024-25, the company executed a capital expenditure (capex) of ₹26,255 crores, surpassing its targets, and capitalized assets worth ₹9,014 crores, marking an increase from the previous year. These figures highlight Powergrid’s ability to deliver consistent value and growth.
Landmark Project Wins and Execution
The company secured 24 Tariff-Based Competitive Bidding (TBCB) projects in FY 2024-25, with a combined value of ₹92,000 crores. These projects include critical transmission systems for evacuating renewable energy from Rajasthan and Gujarat, as well as the pioneering Khavda-to-Nagpur HVDC project. A standout achievement was the commissioning of the world’s first 765 kV digital substation at Navsari, a feat that showcases Power Grid’s leadership in technological innovation. Additionally, the 765 kV substation in Sikar was completed in an unprecedented 9-10 months from land acquisition, setting a potential global benchmark for speed and efficiency.
Operational Excellence on a Global Stage
Powergrid’s operational reliability remains unmatched, with a system availability of 99.82% in FY 2024-25, aligning with world-class standards. This excellence has earned the company recognition as one of the top utilities globally through international benchmarking. Shri Tyagi emphasized, “Our focus on reliability and efficiency sets us apart, ensuring uninterrupted power supply across the nation.”
Vision for the Future
Looking ahead, Powergrid has outlined an ambitious roadmap. For FY 2025-26, the company has planned a capex of ₹28,000 crores, with projections rising to ₹35,000 crores and ₹45,000 crores in the following years. Shri Tyagi highlighted a long-term goal of securing business opportunities worth ₹306,600 crores by 2032, primarily through interstate transmission projects. Sustainability efforts, such as renewable energy integration and green hydrogen initiatives, alongside corporate social responsibility projects like skill development centers and Vishram Sadans, reflect Powergrid’s commitment to both progress and societal impact.
Conclusion
Under Shri R.K. Tyagi’s leadership, Power Grid Corporation of India continues to break new ground in financial performance, project execution, and operational excellence. The company’s achievements in FY 2024-25 and its forward-looking plans position it as a cornerstone of India’s energy infrastructure. This success not only benefits shareholders but also signals a positive trajectory for the nation’s economic and energy landscape.
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