Power Grid Raises FY26 Capex Guidance To Rs 350 Billion

26 Mar 2026 CW Team

The increased guidance covers planned spending across transmission systems, substations and associated infrastructure intended to accommodate rising electricity flows. Management said the higher capex is aimed at accelerating project completions and addressing bottlenecks in central transmission corridors. The company expects the additional investment to underpin longer term asset additions and capitalisation over the fiscal period.

The firm did not provide additional numerical detail in the brief release but indicated that revised estimates will be reflected in forthcoming regulatory filings. Higher capitalisation ordinarily follows increased project commissioning and asset capitalisation as projects move to service, which boosts the company balance sheet. Observers note such moves are typically financed through a mix of internal accruals and debt depending on cash flow and funding strategy.

The company indicated it will provide more detail on timelines and the composition of spending in investor communications and quarterly updates. Market participants will watch for updates on project execution, commissioning schedules and any implications for return metrics and tariff based returns. The revision underscores the strategic emphasis on strengthening the national grid ahead of rising demand.

The scale of the guidance increase may influence the firm cost of capital and investment cadence as projects are prioritised. Stakeholders will consider the impact on cash flow profiles, dividend capacity and capital allocation over medium term. Regulators and counterparties will monitor execution to ensure system stability and timely asset additions.

Power Grid Corporation of India Limited (Power Grid) has revised its fiscal year 2026 capital expenditure guidance to Rs 350 billion (bn) and has raised its capitalisation target. The move represents an upward adjustment to previously stated outlays for project execution and grid expansion. The firm indicated this revision reflects a reassessment of project timelines and investment priorities to support network reliability. The increased guidance covers planned spending across transmission systems, substations and associated infrastructure intended to accommodate rising electricity flows. Management said the higher capex is aimed at accelerating project completions and addressing bottlenecks in central transmission corridors. The company expects the additional investment to underpin longer term asset additions and capitalisation over the fiscal period. The firm did not provide additional numerical detail in the brief release but indicated that revised estimates will be reflected in forthcoming regulatory filings. Higher capitalisation ordinarily follows increased project commissioning and asset capitalisation as projects move to service, which boosts the company balance sheet. Observers note such moves are typically financed through a mix of internal accruals and debt depending on cash flow and funding strategy. The company indicated it will provide more detail on timelines and the composition of spending in investor communications and quarterly updates. Market participants will watch for updates on project execution, commissioning schedules and any implications for return metrics and tariff based returns. The revision underscores the strategic emphasis on strengthening the national grid ahead of rising demand. The scale of the guidance increase may influence the firm cost of capital and investment cadence as projects are prioritised. Stakeholders will consider the impact on cash flow profiles, dividend capacity and capital allocation over medium term. Regulators and counterparties will monitor execution to ensure system stability and timely asset additions.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..