Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Investor Presentation (March 2026)
17 slides from Power Grid Corporation Of India's investor presentation, Mar 23, 2026
Slide 1: Regulation 30 cover letter to exchanges
23rd March, 2026 To To The General Manager (Listing) The General Manager (Listing) National Stock Exchange of India Limited BSE Limited Exchange Plaza, C 1/G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (East), Mumbai. Reference: NSE-SCRIP ID: POWERGRID; BSE S
Slide 2: Business Update: Investor & Analyst Interaction
Growth Visibility, Resilient Earnings, Strategic Expansion Business Update Investor & Analyst Interaction 23 March 2026 One of the world’s largest transmission utilities ~84% share of India’s ISTS network NSE: POWERGRID | BSE: 532898
Slide 3: Agenda
Agenda POWERGRID: Foundations & Growth Outlook Execution & Operational Excellence Revised Capex & Capitalization Guidance Multi-Year Capex & Capitalization Runway Shareholder Value Creation Transmission Opportunity & Growth Visibility SPV Merger 2
Slide 4: POWERGRID: Foundations of Long-Term Value Creation
POWERGRID: Foundations of Long-Term Value Creation Scale. Stability. Growth Visibility 1 2 3 Predominantly regulated India’s largest and system Non-substitutable backbone asset base with a growing critical power transmission of India’s energy transition share of TBCB annuity utility revenues 4 5 6 S
Slide 5: India's Transmission Upcycle Has Become Structural
Financial Highlights –Q1FY21 (Standalone) India’s Transmission Upcycle Has Become Structural Structural demand drivers are expanding transmission demand 1 2 3 4 Rising Power Renewable Energy Grid Complexity & New Demand Demand Expansion Balancing Centres Power demand in India 786 GW renewable capaci
Slide 6: POWERGRID: Positioned for India's Transmission Opportunity
POWERGRID: Positioned for India’s Transmission Opportunity Unmatched scale, operating depth and system relevance Transmission Lines Sub-Stations IR* capacity HVDC Projects 1,575 nos. 290 nos. ~101 GW 11 across India 1,84,434 ckm 6,12,331 MVA 84% of total IR* * Inter-Regional Capacity WORLD’S LARGEST
Slide 7: Operational Excellence at Scale
Financial Highlights –Q1FY21 (Standalone) Operational Excellence at Scale AVAILABILITY ANNUAL TRIPPING PER LINE 99.83% 99.85% 99.84% 0.36 99.78% 99.82% 99.82% 0.33 0.27 0.28 0.27 99.75%* 0.25 FY21 FY22 FY23 FY24 FY25 Upto FY21 FY22 FY23 FY24 FY25 Upto Feb'26 Feb'26 * Full incentive capped at 99.75%
Slide 8: Execution Track Record Underpins the Next Growth Phase
Execution Track Record Underpins the Next Growth Phase FY21-26 Capex FY21-26 Capitalization > ₹1,00,000 Cr. > ₹90,000 Cr. Gross Fixed Assets Gross Fixed Assets cross ₹300K in FY 26 ₹291K >300K ₹263K ₹270K ₹276K ₹228K ₹241K ₹207K ₹177K ₹150K ₹121K 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-
Slide 9: Further Revision in FY26 Capex and Capitalization Guidance
Further Revision in FY26 Capex and Capitalization Guidance Capitalization remained strong despite a challenging execution environment CAPEX CAPITALIZATION ₹28,000 Cr.→ ₹32,000 Cr. → ₹35,000 Cr. ₹20,000 Cr.→ ₹22,000 Cr. → ₹25,000 Cr. Initial guidance 1st Revision (2-Feb-26) Latest guidance Initial gu
Slide 10: FY26 Commissioning Highlights
FY26 Commissioning Highlights Commissioning across key transmission assets translated execution into capitalization Transmission Lines Transformation Capacity Substations 4,239 ckm 60,370 MVA 8 Substations Key transmission lines Key Substations • 765 kV Bhadla III - Sikar II • 765 kV Ahmedabad - New
Slide 11: Multi-Year Capex and Capitalization Runway
Multi-Year Capex and Capitalization Runway Visible Capex Pipeline Driving Capitalization Growth Capital Expenditure Capitalization 45,000 Capex cycle translating 35,000 into higher capitalization 37,000 30,000 35,000 25,000 26,255 20,695 12,500 9,014 9,060 9,212 7,413 7,618 FY22 FY23 FY24 FY25 FY26
Slide 12: Consistent Shareholder Value Creation
Consistent Shareholder Value Creation Stable Returns and Sustained Asset Growth Market Capitalization & Share Price Performance FY21 – FY26 (till Feb) M-CAP GROWTH ~ 2.5X SHARE PRICE APPRECIATION ~ 2.5X DIVIDEND YIELD ~ 3-4% Cumulative Dividend of > ₹50,000 Cr. paid during FY21-FY26 Prices (in ₹ / s
Slide 13: Strong Institutional Ownership Base
Strong Institutional Ownership Base Among India’s Top 35 companies by Market Capitalization Institutional ownership supported by Strong execution track Robust pipeline of record with consistent TBCB transmission projects market share Leading Global & Domestic Investors Institutional Ownership Snapsh
Slide 14: Transmission: Large Structural Opportunity
Transmission: Large Structural Opportunity Policy Visibility Identified Projects New Demand Drivers Transmission Plan for Integration of over 900 GW Non-Fossil Fuel Capacity ~ ₹7.9 Trillion* • Peak Demand expected to reach 459 GW by 2035-36 • 786 GW non-fossil fuel installed capacity by 2035-36 • IS
Slide 15: Visible Execution Pipeline
Visible Execution Pipeline Actuals Illustrative long-term upside At an assumed ~50% win rate on a Works in Hand ₹15 trillion opportunity, potential > ₹1,48,000 Cr. project wins could be ~₹7.5 trillion (CWIP: > ₹49,000 Cr.) over the coming decades Strong near-term execution visibility Significant pro
Slide 16: SPV rationalization for stronger monitoring and governance
SPV rationalization for stronger monitoring and governance Schemes A & B Schemes C & D • Merger/amalgamation of 28 wholly owned subsidiaries (WOS) into 2 WOS • 19 SPVs consolidated into 2 SPVs • Board approval accorded • MCA approval received • Subject to applicable statutory and regulatory approval
Slide 17: Thank You
THANK YOU www.powergrid.in
Power Grid Corporation of India — Investor Presentation (March 2026) on 6ix