Power Grid signals capex above ₹40,000 crore
Power Grid indicated FY27 capex will exceed approximately ₹40,000 cr spent in FY26, above its earlier ₹37,000 cr guidance. OI Charts data showed the stock up 3.4%, with futures short covering and ₹250 as the key options strike.
pre-market1 source ↓machine-written, see hownot a recommendation
- KEC close
- ₹343.85
- On the day
- +1.69%
- 52-week high
- ₹835.50
- 52-week low
- ₹328.60
Power Grid Corporation of India indicated that its FY27 capital expenditure will exceed the approximately ₹40,000 cr spent in FY26, after earlier guidance of ₹37,000 cr. Chairman Vamsi Rama Mohan Burra also urged cable and wire manufacturers to expand capacity and meet project delivery schedules. The remarks point to higher FY27 capex without specifying a revised numerical target.
The transmission push broadens the opportunity across aluminium conductors, steel towers, transformers, switchgear and specialised cables. Grid investment must keep pace with new generation capacity and rising electricity demand, making timely project execution as important as the spending itself. For equipment and metal suppliers, the project pipeline supports sustained demand, while delays in converting investment into operating transmission capacity remain the key execution risk. ⚡
OI Charts data showed Power Grid at ₹260.00 on 29 Oct 2026, up 3.4% on the day, with volume of 10,526,035 shares. The stock gained 3.9% over five sessions but remained down 3.5% over 20 sessions; its 52-week range was ₹244.60 to ₹324.95. In derivatives, futures open interest fell 1.6% and the setup was classified as short covering. The futures premium was -0.44%, while the put-call ratio stood at 0.92.
For the 23 Nov 2026 expiry, max pain was ₹255.00, with the largest call and put open interest both at the ₹250.00 strike. These levels provide the immediate options-market reference as the stock responds to the capex signal. Traders will watch for a formal revision to FY27 guidance, project awards, order execution and updates on transmission capacity additions. The next indication of spending conversion will determine whether the announcement translates into sustained demand for the wider power-equipment and metals supply chain. 🏗️
The development follows a broader push to expand India’s transmission network alongside generation additions. It is relevant to infrastructure, power equipment and metals markets, but the absence of a revised capex figure leaves the scale of incremental demand to be confirmed.
Source: BigMint, 29 Oct 2026
Not investment advice. For informational purposes only.