Power Grid Corporation of India is currently trading at Rate RS 292.65, up by 4.05 points or 1.40% from its previous closing of Rate RS 288.60 on the BSE.

The stock opened at Rate RS 290.05 and has touched an intraday high of Rate RS 293.05 and a low of Rate RS 290.05. A total of 82,692 shares have been traded so far on the counter.

This BSE Group 'A' stock, with a face value of Rate RS 10, recorded a 52-week high of Rate RS 366.20 on 25-Sep-2024 and a 52-week low of Rate RS 247.50 on 28-Feb-2025.

During the past week, the stock has traded between a high of Rate RS 295.05 and a low of Rate RS 287.20. The company currently has a market capitalization of Rate RS 2,71,670.64 crore.

Promoter holding in the company stands at 51.34%, while institutional and non-institutional investors hold 45.12% and 3.54%, respectively.

The stock is performing well following Power Grid Corporation’s acquisition of MEL Power Transmission Ltd (MPTL), the Special Purpose Vehicle (SPV) established for implementing the ‘Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh’. The acquisition was made on a build, own, operate, and transfer (BOOT) basis from the bid process coordinator, PFC Consulting Ltd (PFCCL).

The project includes the development of a 400kV double circuit transmission line and related bays at the existing Rewa Power Station (PG) sub-station in Madhya Pradesh.

Power Grid acquired MPTL after emerging as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) process. MPTL will operate in the same line of business as Power Grid — the transmission of electric power.

Power Grid Corporation of India is a state-owned electric utility company headquartered in Gurgaon, India, playing a vital role in the country’s power transmission infrastructure.