Power Grid stock gains on Lakadia transmission win and steady Q1 figures

Published on 09/04/2026 at 18:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Power Grid stock edges higher as the state-run utility secures a major Lakadia renewable transmission project in Gujarat while reporting modest revenue growth and resilient profitability in Q1 FY27.

Power Grid, INE752E01010, Illustration mit AI erstellt.

Power Grid (ISIN INE752E01010) stock is trading around INR 266 on the BSE as of September 4, 2026, after closing the previous session near INR 265.60 on a modest move of about 0.25 percent, with investors focusing on a fresh transmission award in Gujarat and the company’s latest Q1 FY27 results.

New Lakadia renewable project supports long-term revenue

The immediate catalyst for Power Grid stock is a new project award in the Lakadia Renewable Energy Zone in Gujarat, which adds visible transmission income from the next regulatory period onward.

According to data compiled by Business Standard, Power Grid Corporation of India received a Letter of Intent worth INR 1,152.49 crore to establish an inter-state transmission system for integrating power from renewable energy projects in the Lakadia REZ in Gujarat Phase II, covering 7,500 megawatts of capacity under a Build, Own, Operate and Transfer model.

The same overview highlights that the company has been selected as the successful bidder for the Lakadia transmission project, which will support the integration of large-scale renewables into India’s interstate grid and underpin regulated returns over the project life.

Q1 FY27 revenue edges up while profit dips slightly

Beyond the Lakadia award, the latest quarterly figures provide the second key pillar for assessing Power Grid stock as of September 4, 2026.

As reported by Business Standard in its coverage of Power Grid, consolidated revenue in Q1 FY27 rose by 2.68 percent to INR 11,496.72 crore compared with Q1 FY26, while consolidated net profit slipped by 0.89 percent to INR 3,598.42 crore in the same year-on-year comparison.

This combination of slightly higher revenue and marginally lower profit indicates a modest pressure on margins, but the scale of the decline in net profit remains limited to less than 1 percent, suggesting that the underlying regulated transmission business continues to generate stable earnings.

For retail investors, the Q1 FY27 numbers provide a concrete reference point: Power Grid is still growing its top line, even if the most recent quarter shows a small contraction in bottom-line profitability compared with the prior year.

Stock price context and valuation snapshot

The latest live price data offer a third perspective on Power Grid stock for September 4, 2026, alongside the project pipeline and Q1 FY27 fundamentals.

The liveblog for Power Grid on Economic Times shows a last traded price around INR 266.0 as of the afternoon on September 4, 2026, with the session closing near INR 266.25 and a day-on-day gain of roughly 0.25 percent.

In the same Economic Times snapshot, the market capitalization is listed at about INR 247,628.58 crore, with the stock trading at a price-to-earnings ratio of 15.54 and earnings per share of INR 17.09, suggesting a valuation that reflects the regulated nature of Power Grid’s business rather than a high-growth multiple.

Additional intraday data aggregated by Moneycontrol indicate that Power Grid traded around INR 265.65 during the day, with an intraday high near INR 267.50 and a low of approximately INR 265.10, putting the stock in a narrow trading range and underlining the defensive character of the name.

Go deeper

More data points on Power Grid stock

Investors who want a fuller picture of Power Grid stock can find more figures, filings and news around the ISIN INE752E01010 through our topic overview and the company’s investor relations page.

More news and data on INE752E01010 Investor Relations

Transmission network and flagship projects

Beyond the immediate Lakadia award, Power Grid’s core business revolves around operating and expanding India’s interstate transmission network, which gives context to the new project win.

The Lakadia Phase II project, as described in the Business Standard and Dailyhunt coverage, involves integrating 7,500 megawatts of renewable capacity from Gujarat into the interstate grid, requiring new 765 kilovolt transmission lines, a 765/400 kilovolt Lakadia-II substation and associated bays and equipment across the state.

Equity research commentary cited by Equitymaster notes that the project entails annual transmission charges of INR 11.52 billion once commissioned, underscoring the long-term revenue stream that a single large grid project can generate for Power Grid.

Closing stock paragraph and investor angle

With Power Grid stock around INR 266 on the BSE as of September 4, 2026, in a tight intraday range between roughly INR 265.10 and INR 267.50, the combination of a steady Q1 FY27 revenue increase of 2.68 percent and a new Lakadia transmission project with annual charges of INR 11.52 billion forms a concrete backdrop for investors assessing the regulated utility’s earnings visibility.