NSE: POWERGRID · 23 October 2026
- POWER GRID CORP. LTD. (POWERGRID) fell 1.23% today, closing at ₹245.35 after moving within a daily range of ₹242.30 and ₹248.30.
- POWERGRID announced the complete commissioning of the transmission scheme for the integration of Renewable Energy Zones in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka. The project was executed through its subsidiary, POWERGRID Koppal Gadag Transmission Ltd, with commercial operation effective from October 23, 2026. This addition strengthens the inter-state transmission network dedicated to evacuating clean energy from renewable hubs.
- Trading volume was 0.49 times the 20-day average daily volume.
Why is Power Grid Corp. share price falling on 23 October 2026?
POWER GRID CORP. LTD. (POWERGRID) fell 1.23% today, closing at ₹245.35 after moving within a daily range of ₹242.30 and ₹248.30.
The broader market also faced downward pressure as the Nifty declined 0.90%. POWERGRID's intraday decline aligns with a broader correction in large-cap utilities, extending its recent 5-day return to -1.80% and its 20-day return to -9.20% as the stock hovers near its 52-week low of ₹242.30.
On the corporate front, the company announced the complete commercial commissioning of the transmission scheme for integrating Renewable Energy Zones in Koppal-II and Gadag-II in Karnataka, effective October 23, 2026. While this operational update highlights ongoing asset expansion under its regulated utility model, market participants continue to weigh recent project additions and TBCB acquisitions against prevailing broader market weakness.
50.22 lakh shares traded by 23 October 2026 · 03:00 PM IST. This compares with a 20-day average daily volume of 1.02 crore shares (0.49 times). The five-day average daily volume was 1.04 crore shares. Separately, the NSE report for 22 October 2026 showed 39.85 lakh shares delivered, representing 56.69% of that day’s traded volume. The same report recorded 57,673 trades.
The stock declined alongside a weak broader market (Nifty down 0.90%), continuing a multi-week corrective trend despite ongoing corporate announcements regarding project commissioning.
Latest Company Developments
POWERGRID announced the complete commissioning of the transmission scheme for the integration of Renewable Energy Zones in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka. The project was executed through its subsidiary, POWERGRID Koppal Gadag Transmission Ltd, with commercial operation effective from October 23, 2026. This addition strengthens the inter-state transmission network dedicated to evacuating clean energy from renewable hubs.
Expands the operational asset base and supports India's renewable energy integration targets under regulated tariff structures.
The company was declared the successful bidder under Tariff Based Competitive Bidding to establish the intra-state transmission system for the 765kV GIS Pune West project in Maharashtra on a BOOT basis. The project was secured at quoted annual transmission charges of ₹199.55 crore, marking POWERGRID's tenth TBCB project win in fiscal year 2026-27.
Bolsters the company's order pipeline and long-term regulated revenue potential in key industrial regions.
POWERGRID completed the acquisition of Jam Khambhaliya REZ Transmission Limited as a project special purpose vehicle for an aggregate cash consideration of about ₹19.22 crore. The SPV was acquired under the TBCB route to establish transmission infrastructure for renewable energy projects in Gujarat.
Facilitates the execution of large-scale renewable evacuation corridors under pre-determined competitive tariff mechanisms.
Acquisition of Jam Khambhaliya REZ Transmission Limited by POWERGRID under TBCB route.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 12.76% on 30 September 2026. This compares with 13.62% on 30 June 2026, a change of -0.86 percentage points.
The filing reported 46 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Execution progress and CERC tariff approvals for newly acquired TBCB transmission SPVs
- Commercial updates on recently commissioned renewable energy evacuation corridors in Karnataka and Rajasthan
- Delivery volume trends relative to the 20-day average volume of 50.21 lakh shares
- Subsequent quarterly financial results and regulated transmission revenue updates
Other Dated Coverage
- Power Grid Corp. Share Price Today: Why POWERGRID Is Falling 1.49% | 22 October 2026 — 22 October 2026
- POWERGRID in Focus After Acquiring Jam Khambhaliya REZ Transmission | 14 October 2026 — 14 October 2026
- Power Grid Corp in Focus After Acquisition and Rajasthan REZ Commissioning | 13 October 2026 — 13 October 2026
More Power Grid Corp. news and dated analysis →
Frequently Asked Questions
What is the latest Power Grid Corp. company news?
POWERGRID announced the complete commissioning of the transmission scheme for the integration of Renewable Energy Zones in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka. The project was executed through its subsidiary, POWERGRID Koppal Gadag Transmission Ltd, with commercial operation effective from October 23, 2026. This addition strengthens the inter-state transmission network dedicated to evacuating clean energy from renewable hubs.
How strong was Power Grid Corp.’s trading volume?
50.22 lakh shares traded, 0.49 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:00 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.