Power Grid Corporation of India

“Because CapEx, another issue also, what I would like to draw your attention here, with the market rate being played for the compensation, land compensation, that is also a component which is going to improve the, drive the CapEx up.”

“Already the transformers are being supplied, the firewalls are being built, everything is going as per schedule.”

“That is the reason we need to identify what will be the quantum of that element which is unknown, which as we move forward, the clarity will become that much. So, the CapEx is going to increase.”

“Works are going on schedule, if I have to say to you. Yes, transmission line, there is good amount of time, but then step-by-step, we will be closing in.”

“And the complete TBCB SPV projects which have been commissioned over here are the Ramgarh–II Transmission system and the Bidar transmission system.”

“Apart from that, after September ‘26, major elements commissioned are the 765 kV Koppal-II PS –Narendra (New) line, one of the toughest and challenging lines,”

“Importantly, the 765 kV transmission lines are Koppal-II PS – Raichur in Karnataka; Bidar PS – Maheshwaram, a link between the Karnataka state and closer to the Hyderabad Maheshwaram; and Sikar-II – Khetri, an important line in the Rajasthan belt.”

“The Inter-state stands about ₹7,664 crore is the annual tariff, and the Intra-state is about ₹443 crore annual tariff, taking the total to about ₹8,107 crore as annual tariff in the first half of this financial year.”

“And it’s interesting to note that we have also got the HVDC project of Barmer, and also deployment of the first synchronous condensers; about eight synchronous condensers.”

“The TBCB stands about ₹1.95 lakh crore, RTM about ₹0.25 lakh crore, and with the total standing as ₹2.20 lakh crore. That is the total works in hand for POWERGRID.”

“and an AC solution has been identified. It has been actively discussed in the recently concluded NCT meeting, which would be standing at about ₹31,000 crore.”

“The other business which POWERGRID undertakes in terms of the data centre, storage, and smart meters is about 0.04 lakh crore.”

“On the Telecom and Consultancy, we have about ₹283 crore under Telecom, and on the Consultancy also close to ₹400 crore.”

“Yes, not very specific numbers over here, but you see, with the massive HVDC project with us, with a lot of synchronous condensers also are there, and a couple of Intrastate projects which are there with us, the numbers are going to be much better only.”

“Added to this, with the Green Energy Corridor III, which is about ₹1.36 lakh crore for the Intra-state. This is an Intra-state project, and ₹50,000 crore for the BESS.”

“About 22 projects of HVDC, both domestic and the international connectivity. It is about 22 projects and about 127 gigawatts, I am understanding, to be there, both in Brahmaputra basin and also to evacuate power from the Khavdas and through the Rajasthan areas to the mainland.”

“FY28 maybe yes. With the quantum of generation coming up massively in these locations, both in Khavda and Rajasthan, they should be working on that.”

“For us, Intrastate, yes, it is picking up in terms of the number of tenders, but then Interstate is also quite a good number of tenders in the Interstate as well.”

“So, the pipeline, there is no dearth in the quantum of projects.”

“Our return profile will not be dictated by other companies, how they are participating over there. As what I have assured to the team, our returns will be very well encouraging.”

“In multiple projects, we have the kind of appropriate cushions what we have provided in each of the project.”

“There is a definitive price variation formula, which is based upon certain indices which are predetermined.”

“Yes. We do get to retain the benefits, price variation, yes.”

“The debt-equity is 59.41, which is having enough room for us to actually work upon the massive projects pipeline which we are envisaging, 1:1.5%.”

“And the receivable dues, as you see from the graph, stands about 10.54 days.”

“The credit profile, on the domestic front, highest safety, and on the international front, at par with the sovereign rating.”

“The number of outstanding dues is also… more than 45 days has come down significantly.”

“We also tied up with the JBIC’s green loan for about Japanese yen 80 billion, term loan from SBI about ₹10,000 crore, UBI ₹5,000 crore, and bonds about ₹2,000 crore, and something more is also in offering.”

“So, as far as the other projects, we are also ready with another data centre in the southern part of the country to have a different location. So, we already secured the land over there, and we are also actively pursuing the potential in other locations.”

“So, we are also pursuing actively, and we got the clearances from the Northern Region and the Western Region. We filed our petitions before the regulator.”

“It’s a commercial data centre to be utilized under a Tier III certified data centre, and expected commissioning, as I was saying, in a few weeks we are going to get this through. It is a MeitY-empanelled cloud service provider and a sovereign cloud.”

“So, the pilot data centre is standing. It’s fully ready now. So, we are just looking for an opportune time to introduce that into the market.”

“wherein we will be able to develop the storage facilities under the Section 62 route, under the RTM route, which will be available for the grid stability. This will be very helpful over here. We are ready with that. We are ready with that solution, and this can open a new window for POWERGRID to enter into the storage systems.”

“with our newly appointed Director (Finance), Mr. Amol ji, our Director (Projects), Mr. Pathak ji, and our Director (Operations) Designate, Mr. Pandey, along with our Director (Personnel), Dwivedi ji.”

“the trajectory of the regulatory tariff is that -₹354 crore is on account of the regulatory tariff which moves there. And -₹193 crores are, there’s one-off kind of things which we’ll be getting because of the difference in the order from the Regulator;”

“It is basically the fronts which have to be made clear by the state local administration should there be a pushback a little. That is the reason we are seeing, but otherwise most of the projects what we are planning will be on time.”

“most of the equipment, absolutely no challenge in terms of supplies part of it; we don’t see.”

“If the compensation is being paid to the landowners as per the market rate, we see that is going to ease the situation, and that is going to improve upon the fronts which will be available for building up the transmission lines.”

“The state governments, whenever a new state government adopts, it takes a little time for them to realign their state machinery to understand these new guidelines, notify them appropriately, and also adopt them.”

“sometime, not transmission projects, every infrastructure project has a pushback during this holiday season.”

“The operating income primarily, what we have shown under the transmission bracket is that of TBCB. Primarily it is TBCB.”

“So, 28 SPVs have been merged into two SPVs so that it is a better way of governance of the projects.”

“As you are aware, we are about ₹3.29 lakh crore of the fixed assets, going much beyond the ₹3 lakh crore which was there some time back.”

“And the availability, as I said, would be continuing to be in the highest order in terms of 99.81%, and tripping per line less than 0.2, that is 0.17 where we are standing.”

“The financial performance on the consolidated front for the quarter: The Profit after tax is 8%, which has already been shared with you. And the PBT is at about 6%.”