Power Grid Corporation of India Ltd (POWERGRID) Q4FY26 Management Mirror - Mar-2026 Qtr
Capital Expenditure & Capitalization
For the fiscal year ending Mar'27, management maintained its capital expenditure guidance at INR 37,000 crores and capitalization at INR 30,000 crores in the Mar'26 Qtr, sustaining the target upgrades made during the Dec'25 Qtr (raised from Sep'25 Qtr estimates of INR 35,000 crores and INR 25,000 to INR 26,000 crores, respectively). For the fiscal year ending Mar'28, CapEx expectations remain between INR 42,000 to INR 45,000 crores (guided at exactly INR 45,000 crores in the Sep'25 Qtr and Dec'25 Qtr), with long-term project commissioning expected to be evenly spread across quarters rather than back-ended. [Status: Reaffirmed]
4 more themes on the ELITE plan.