India's Power Grid Corp set for best day since mid-2024 on improved outlook

Power Grid of India

02/02/2026 09:00

** Shares of Power Grid Corporation of India PGRD.NS rise 6% to 266 rupees, set for its best day since mid-2024

** Stock top pct gainer on Nifty 50 index, which is up 0.5%

** Electric power transmission co raises its FY26 capex outlook to 320 billion rupees ($3.50 billion) from 280 billion rupees and capitalization outlook to 220 billion rupees from 200 billion rupees

** PGRD posts 8% y/y rise in Q3 consol profit, rev rises 10%

** Stock up 1% so far in 2026; it fell 14% in 2025

($1 = 91.4925 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))