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Power Grid Corporation approves ₹705 cr CAPEX for transformers

Power Grid Corporation's Board approved ₹705 crore for transformer procurement and restructuring. Shares rose nearly 3% to ₹304.4, reflecting positive market sentiment and a 9% gain over the past year.

pre-market1 source ↓written by the desknot a recommendation

investment in cold
₹705 crore
on BSE
3%
currently trading
₹304.4
₹296.6
over the past
9%

The Board of Power Grid Corporation of India Limited has approved a ₹705 crore investment in cold spare transformers and reactors, alongside a revised merger plan consolidating 28 subsidiaries. This decision aims to enhance operational efficiency and is subject to regulatory approvals.

During Friday’s trading, shares surged nearly 3% on BSE, currently trading at ₹304.4, up from ₹296.6. The stock has shown positive returns of about 9% over the past year.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 21 Mar 2026, 07:22 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

POWERGRID closed +1.5% on the day of the news, from ₹297.60 to ₹302.10; Nifty −2.6% over the same session; futures OI −2.5%.

Bulletin at 07:22 IST on 21 Mar 2026. Every change is measured from ₹297.60, the last close before it, on 20 Mar. Nifty 50 is measured over the same sessions.

  • POWERGRID close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
POWERGRID closes around the bulletin against the close before the news, with Nifty 50 rebased to it272.48297.60322.72axis spans 18%before the news · 20 Mar297.60Nifty 50POWERGRIDbulletinD0+1+3+516 Mar27 Mar9 AprFutures open interest, lotspeak 43,000Reference close ₹297.60. 16 sessions from 16 Mar to 9 Apr; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Mar₹297.60basebase
On the day23 Mar₹302.10▲ +1.5%▼ −2.6%+4.1 pp difference
+1 session24 Mar₹299.00▲ +0.5%▼ −0.9%+1.3 pp difference
+3 sessions27 Mar₹295.50▼ −0.7%▼ −1.3%+0.6 pp difference
+5 sessions1 Apr₹292.80▼ −1.6%▼ −1.9%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.39 on 23 Mar
Day's range, % · ₹
3.8%≈ 11 high to low
Volume on the day
1.40×the 20-session average
Futures OI on the day
▼ −2.5%−1,100 lots · short covering · price +1.5%
Futures OI open, lots
42,00023 Mar · 30 Mar expiry
Futures premium, ₹
−1.10−0.4% to spot
Puts per call, by OI
0.39from 0.35 the session before
Max pain
298from 298 the session before

Source NSE UDiFF bhavcopy · POWERGRID on the desk →

Thread · POWERGRIDAll POWERGRID bulletins →

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