Power Grid Corpn.

By Duncan Miriri

NAIROBI, Sept 8 (Reuters) - Africa50, a Morocco-based infrastructure investment fund, aims to more than double the value of the projects it backs to at least $20 billion over the next five years, its chief operating officer told Reuters.

Established by African leaders in 2015, the fund has co-invested in 36 projects across power, transport, logistics and other sectors, with a combined value of about $9 billion.

"We are really looking to see how at least over the next several years, we can look to double or triple that number from a value perspective," Tshepidi Moremong, the COO of the Casablanca-based fund, said in an interview on Monday.

According to Moremong, Africa50 has invested about $500 million of equity in those projects and plans to focus on sectors with significant funding gaps, including power generation and transmission.

"$20 billion and above is what we would like to see," Moremong said, referring to the total value of projects co-invested by the fund over the next five years.

In December, Africa50 signed an agreement with India's PowerGrid and the Kenyan government to develop $311 million of high voltage electricity lines under a public-private partnership.

The fund has also invested in power generation projects in Nigeria, Egypt, Cameroon and Madagascar, an ICT project in Rwanda, and regional healthcare businesses.

Africa faces an annual infrastructure financing gap of more than $100 billion, according to the African Development Bank, a shortfall that has been exacerbated by declining overseas development funding from wealthier countries.

Africa50 also operates a model under which it leases and runs infrastructure assets, providing governments with upfront payments.

It has struck a deal to run the Senegambia bridge linking Senegal with Gambia, collecting tolls in exchange for maintenance, upgrading the bridge and making lump-sum payments.

That business line could eventually account for as much as a fifth or a quarter of Africa50's portfolio, Moremong said.

(Reporting by Duncan Miriri. Editing by Mark Potter)

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Sept 3 (Reuters) - Power Grid Corporation of India Limited PGRD.NS:

• DECLARED SUCCESSFUL BIDDER FOR INTER-STATE TRANSMISSION PROJECT IN GUJARAT

• PROJECT AWARDED ON BOOT BASIS AT ANNUAL TRANSMISSION CHARGES OF 11.52 BILLION RUPEES

Further company coverage: PGRD.NS

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Power Grid Corporation of India was declared the successful bidder for a project carrying annual transmission charges of ₹3,244.33 crore to evacuate 6GW of renewable power from Rajasthan's Barmer-II complex to South Kalamb in Maharashtra. The BOOT project included ±800kV HVDC terminals, a roughly 1,000km bipole line through Rajasthan, Gujarat and Maharashtra, 400kV transmission lines and two SynCon units. Transmission accounted for roughly 93% of segment revenue, while consolidated revenue for FY26 was about ₹46,733 crore. FY27 capital-expenditure guidance stood at ₹37,000 crore, with capitalisation guidance of ₹30,000 crore.

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Sept 2 (Reuters) - Power Grid Corporation of India Limited PGRD.NS:

• DECLARED AS SUCCESSFUL BIDDER UNDER TBCB

• DECLARED AS SUCCESSFUL BIDDER AT QUOTED ANNUAL TRANSMISSION CHARGES OF 32.44 BILLION RUPEES

• PROJECT TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM

Further company coverage: PGRD.NS

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Power Grid Corporation of India was declared the successful bidder under tariff-based competitive bidding for a transmission project integrating renewable-energy projects in Gujarat's Jam Khambhaliya REZ Phase II and Jamnagar Phase I. The project carried a discovered tariff of ₹822.91 crore a year, and the company received the letter of intent on 21 August 2026. It includes a new GIS substation at Kalyanpur, ICT augmentation and bay extensions at substations under construction, and 765kV transmission lines across Gujarat. Power Grid's six FY27 TBCB wins through July carried aggregate annual tariffs of roughly ₹2,200 crore. Its works in hand stood at ₹1,75,700 crore, 83% from TBCB projects, while its bidding pipeline was ₹1,19,495 crore.

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POWERGRID appointed Amol Babulal Taori, an executive director for international trade at Hindustan Petroleum Corporation, as its Director (Finance) for five years from the date he assumed office or until further orders. The appointment was conveyed by the Ministry of Power on 12 August, with further details due when he took charge. POWERGRID reported consolidated revenue of about ₹46,733 crore for FY26, with transmission accounting for roughly 93% of segment revenue. Its debt stood at ₹1,45,586 crore at the latest disclosed quarter-end, and its debt-to-equity ratio was 1.41.

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Aug 10 (Reuters) - Bajel Projects Ltd BAJL.NS:

• BAJEL PROJECTS - RECEIVES TWO ORDERS FROM POWER GRID CORPORATION UNDER WR-ER NETWORK EXPANSION

• BAJEL PROJECTS - SECURES ULTRA-MEGA ORDER WORTH OVER 4 BILLION RUPEES AND MEGA ORDER WORTH OVER 3 BILLION RUPEES

Source text: ID:nBSE6HCggV

Further company coverage: BAJL.NS

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Aug 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER FINANCE - KRISHNAGIRI REZ TRANSMISSION TRANSFERRED TO POWER GRID CORP FOR 198.2 MILLION RUPEES

• POWER FINANCE - ANANTHPURAM TRANSMISSION TRANSFERRED TO APRAAVA ENERGY FOR 196.2 MILLION RUPEES

Further company coverage: PGRD.NS

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July 29 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - POWERGRID BUYS BHADLA RAMGARH POWER TRANSMISSION ON JULY 29, 2026

• POWER GRID CORP - DEAL VALUE 128.6 MILLION RUPEES

Source text: ID:nBSE5TT4RD

Further company coverage: PGRD.NS

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Power Grid Corporation of India informed stock exchanges that its board will meet on 22 July 2026, to consider raising the borrowing limit for the current financial year to Rs 35,000 crore and to approve a borrowing plan of up to Rs 35,000 crore for the next financial year. The funding would come through domestic bonds on a private placement basis, and both proposals require shareholder approval at the upcoming annual general meeting. The trading window will remain closed until 48 hours after the June quarter results are declared.

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July 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID DECLARED SUCCESSFUL BIDDER FOR KRISHNAGIRI REZ PHASE-I TRANSMISSION PROJECT

Source text: ID:nNSE4wFSvK

Further company coverage: PGRD.NS

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July 9 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - DECLARED SUCCESSFUL BIDDER FOR INTER-STATE TRANSMISSION SYSTEM PROJECT

Source text: ID:nBSE8qCTLl

Further company coverage: PGRD.NS

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July 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPOINTS VENKATA SUBRAHAMANAYAM VALLURIE AS CFO

Source text: ID:nBSE1xm9hS

Further company coverage: PGRD.NS

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June 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER FINANCE - TRANSFERS KAKINADA I TRANSMISSION TO POWER GRID CORPORATION OF INDIA

• POWER FINANCE - CONSIDERATION FOR TRANSFER IS 205.1 MILLION RUPEES

Source text: ID:nBSE9WlsG0

Further company coverage: PGRD.NS

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June 26 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPROVES PROPOSAL TO INCREASE BORROWING LIMITS TO 2.20 TRILLION RUPEES

• POWER GRID CORP - BOARD APPROVES RAISING UP TO $500 MILLION VIA EXTERNAL COMMERCIAL BORROWINGS FROM BANK OF BARODA

• POWER GRID CORP - APPROVES 7.73 BILLION RUPEES INVESTMENT FOR UDUMALPET–MADURAI 400KV LINE UPGRADE TO BE COMPLETED BY AUG 11, 2028

Source text: ID:nNSEch6Pkh

Further company coverage: PGRD.NS

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June 23 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - TO AND APPROVE RAISING FOREIGN CURRENCY FUNDS THROUGH ECB OF UPTO $500 MILLION FROM DOMESTIC / FOREIGN BANK

Source text: ID:nBSE8Dyqt8

Further company coverage: PGRD.NS

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June 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID - APPROVES UPGRADATION OF SCADA SYSTEMS AT ESTIMATED COST OF 4.85 BILLION RUPEES

• POWER GRID - APPOINTS SHRI VENKATA S V AS CFO EFFECTIVE 01 JULY 2026

• POWER GRID - APPROVES UNSECURED TERM LOAN FACILITY OF JPY 80 BILLION FROM JBIC AND OTHERS

Source text: ID:nBSE2DSKkK

Further company coverage: PGRD.NS

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June 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID - POWERGRID BOARD TO CONSIDER FUND RAISING VIA UNSECURED TERM LOAN ON JUNE 10, 2026

Source text: ID:nBSE9GJR8x

Further company coverage: PGRD.NS

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May 15 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• Q4 CONSOL PROFIT 45.46 BILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 116.66 BILLION RUPEES

• DIVIDEND OF 1.25 RUPEES PER SHARE

• TO RAISE UP TO 50 BLN RUPEES VIA UNSECURED TERM LOAN OR LINE OF CREDIT

Further company coverage: PGRD.NS

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HANOI, May 3 (Reuters) - The Asian Development Bank on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access.

ADB President Masato Kanda said energy and digital connectivity would underpin the region's long-term growth as demand rises and technological change accelerates.

"By linking power grids and digital networks across borders, we can lower costs, expand opportunity and bring reliable power and digital access to hundreds of millions of people," Kanda said in a statement.

• The plan includes $50 billion for a new Pan‑Asia Power Grid Initiative (PAGI) and $20 billion for technology and digital connectivity projects, the bank said.

• Under PAGI, ADB aims to integrate about 20 gigawatts of renewable energy across borders, build 22,000 circuit-kilometres of transmission lines and improve electricity access for 200 million people by 2035. It expects the initiative to cut regional power-sector emissions by around 15%.

• ADB plans to finance about half of the power grid initiative from its own resources, with the remainder coming from co-financing, including private investment.

• The remaining $20 billion will be mobilised through the Asia‑Pacific Digital Highway to support fibre-optic networks, subsea cables, satellite links and regional data centres.

• The digital programme aims to provide first-time broadband access to 200 million people and improve connectivity for another 450 million by 2035, reducing costs in remote areas by about 40% and creating up to 4 million jobs.

• ADB expects to finance $15 billion of the digital initiative itself.

(Reporting by Phuong Nguyen; Editing by Christopher Cushing)

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April 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - TO RAISE FUNDS UP TO 40 BILLION RUPEES

• POWER GRID CORP - RAISING OF FUNDS VIA RUPEE TERM LOAN/LINE OF CREDIT FROM STATE BANK OF INDIA

Source text: ID:nnAZN4STOEZ

Further company coverage: PGRD.NS

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April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - APPOINTS BURRA VAMSI RAMA MOHAN AS CHAIRMAN & MANAGING DIRECTOR EFFECTIVE APRIL 1, 2026

Source text: ID:nBSE2QdP7M

Further company coverage: PGRD.NS

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March 23 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• REVISES FY26 CAPEX GUIDANCE TO 350 BILLION RUPEES FROM 320 BILLION RUPEES

• REVISES FY26 CAPITALIZATION GUIDANCE TO 250 BILLION RUPEES FROM 220 BILLION RUPEES

• ACHIEVED FY26 CAPEX OF 355.40 BILLION RUPEES AS OF MARCH 22

Source text: ID:nNSE74Kwkt

Further company coverage: PGRD.NS

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March 12 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWER GRID CORP - POWERGRID BUYS NES PUNE EAST NEW TRANSMISSION LIMITED

• POWER GRID CORP - NPENTL BOUGHT FOR AGGREGATE VALUE OF 80.5 MILLION RUPEES

Source text: ID:nBSE5jwpvS

Further company coverage: PGRD.NS

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March 11 (Reuters) - Railtel Corp RAIT.NS:

• RECEIVES LOI FROM POWER GRID CORP FOR 1.15 BILLION RUPEES

Source text: ID:nnAZN4SKNIR

Further company coverage: RAIT.NS

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March 9 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID TO RAISE UP TO 50 BILLION RUPEES VIA LOAN FROM UNION BANK OF INDIA

• APPROVES 2.34 BILLION RUPEES INVESTMENT FOR SECURITY OPERATIONS CENTER

• APPROVES IN PRINCIPLE DIVESTMENT OF CTUIL EQUITY TO GRID-INDIA

• POWERGRID APPROVES STRATEGIC ALLIANCE FOR TRANSMISSION PROJECT IN UGANDA

Source text: ID:nBSE3Brk7R

Further company coverage: PGRD.NS

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March 2 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• SEBI GRANTED RELAXATION SOUGHT BY COMPANY FOR CERTAIN REGULATIONS

Source text: ID:nBSE1WLTJT

Further company coverage: PGRD.NS

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Feb 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:

• POWERGRID NARELA TRANSMISSION HAS SUCCESSFULLY COMMISSIONED PROJECT

Source text: [ID:]

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By Nikunj Ohri and Sarita Chaganti Singh

NEW DELHI, Feb 18 (Reuters) - India has begun easing its restrictions on buying Chinese equipment after a deadly 2020 border clash, allowing state-run power and coal companies to start limited imports as shortages and project delays mount, two government officials told Reuters.

This is the first significant easing of five-year-old curbs that have largely shut Chinese firms out of India's $700 billion-$750 billion government contract market.

Reuters reported in January that India is examining broader relaxations on Chinese bidders for government contracts as border tensions ease.

Since the 2020 clash, New Delhi has required Chinese bidders to register with a government panel and secure political and security clearances before competing for any state contract.

INTER-MINISTERIAL PANEL TO DECIDE FUTURE EXEMPTIONS

India has now allowed state-run entities to procure a power-transmission component from China without government approval.

It is weighing a similar, time-bound exemption for key coal-sector equipment, the two officials said.

The exemption was granted in the "national interest," as blocking Chinese imports would hurt India's manufacturing capability, one of the officials said.

A panel of top bureaucrats has approved the waiver, with a formal order expected soon, the two sources said.

The easing follows repeated requests from government departments facing shortages and project delays under the 2020 restrictions, both officials said.

India may allow case‑by‑case imports of critical Chinese equipment rather than fully reopen procurement, the officials said.

STRICT RULES HIT CAPACITY ADDITION

Since the border standoff, strained India-China ties have slowed the exchange of capital, technology and talent.

New project awards to Chinese bidders fell 27% to $1.67 billion in 2021 from a year earlier, a 2024 Observer Research Foundation report said.

India aims to add 500 GW of non‑fossil capacity by 2030, but execution delays and transmission bottlenecks persist.

Power transmission projects face a roughly 40% shortfall in transformers and reactors over the next three years, the second official said.

SHIFT COMES AS INDIA, CHINA REBUILD COMMERCIAL TIES

Such time‑bound exemptions would follow talks with ministries and security agencies, given concerns that low Chinese bids could undercut domestic firms, they added.

The finance, external affairs, industries, home, power and coal ministries did not immediately respond to Reuters' requests for comment.

The calibrated shift comes as India and China work to rebuild commercial ties, after U.S. President Donald Trump imposed a 50% tariff on Indian goods.

(Reporting by Nikunj Ohri and Sarita Chaganti Singh in New Delhi; Editing by Bernadette Baum)

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Feb 6 (Reuters) - Bajel Projects Ltd BAJL.NS:

• AWARDED 'LARGE' ORDER FROM POWERGRID CORPORATION OF INDIA

• ORDER VALUED BETWEEN 1 BILLION RUPEES AND 2 BILLION RUPEES

Source text: ID:nBSEbWbb01

Further company coverage: BAJL.NS

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