Power stock bags order to develop 150 Mw battery energy storage system in AP; Shares jump

Synopsis: The shares of the company surged around 2 percent today after it was declared as a successful bidder under a tariff-based competitive to develop battery energy storage system

The share of the company that moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions and is in administrative control of the Ministry of Power is in focus after a development project in Andhra Pradesh

With the market capitalization of Rs 2,46,234, Power Grid Corporation of India Ltd’s share on Wednesday made a day high of Rs 265.20, up by 1.8 percent from its previous day’s close price of Rs 260.30 per share. The share has given a return of 148 percent over the last five years

What’s the news

Power Grid Corporation of India Ltd has been declared the successful bidder under a tariff-based competitive bidding process for a battery energy storage project in Andhra Pradesh. The project is part of a larger initiative to develop 2,000 MWh of standalone storage capacity with viability gap funding support.

Under the Letter of Award, POWERGRID will set up a 150 MW/300 MWh Battery Energy Storage System at the 400/220 kV Kalikiri substation in Chittoor district on a build-own-operate basis. The company received the letter of award on December 29, 2025.

This project will follow the 15 new domestic orders received by the company in Q2 FY26, with 81 ongoing projects and 187 TBCB/Diversion/BOOM assignments. The company has more opportunities in RE, Intra-State, Diversion, BESS, Green Hydrogen, etc., in the  Domestic Market going forward.

Power Grid Corporation of India Limited is India’s largest power transmission utility and a Maharatna PSU. Established in 1989, it plays a critical role in moving electricity across regions through high-voltage networks, while also executing strategic national projects and offering telecom and consultancy services under the Ministry of Power.

Financial highlights, revenue grew by 2 percent YoY to Rs 11,476 crore in Q2 FY26, corresponding to the same quarter in the last financial year. Accompanied by YoY EBIDT decline of 6 percent to Rs 9,055 crore and net profit decline of 6 percent to Rs 3,566 crore in Q2 FY26. With a healthy ROE of 17 percent and ROCE of 12.8 percent, this indicates efficient resource allocation for a large-cap company. 

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