Power Grid shares jump 8% after firm raises FY26 capex guidance to Rs 32,000 crore

Power Grid share price

• Power Grid shares jumped over 7 percent after FY26 capex guidance was raised
• FY26 capex guidance revised to Rs 32,000 crore from Rs 28,000 crore
• Company on track to exceed annual capex and capitalization targets

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The shares of Power Grid Corporation of India jumped nearly 8 percent on February 2 after the company’s management hiked the capex guidance for financial year 2026.

The shares of the company rose to Rs 270 apiece on Monday, snapping a two-session losing streak. It is the top gainer on benchmark indices Sensex and Nifty.

Power Grid FY26 capex revised:

During an analyst meet and the subsequent investor presentation, Power Grid’s management said that it is revising the company’s FY26 capex guidance to Rs 32,000 crore from the earlier Rs 28,000 crore. It also raised capitalization guidance for the ongoing financial year to Rs 22,000 crore from the earlier Rs 20,000 crore.

The upward revision reflects strong execution visibility for FY26 and beyond, Power Grid said.

The state-owned company’s capex as on January 31, 2026 stood at Rs 29,200 crore, already beyond its previous guidance, while capitalization was reported at Rs 18,700 crore.

The power transmission company said it is on track to achieve its plans of capital expenditure and capitalisation for FY26. Moreover, it is poised to exceed its annual guidance for capitalisation and capital expenditure, according to the presentation.

Power Grid share price:

Power Grid shares have gained more than 6 percent in the past five days, and fell more than 6 percent in the past six months. This came after the stock fell over 5 percent in the past one year, but rallied over 131 percent in the past five years.

The stock currently has a P/E ratio of 14.89.

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