Revenue distribution by sectors:

1. Transmission of electricity: approx. 90%
2. Telecommunication: approx. 5%
3. Consulting and other services: approx. 5%

TOP 3 markets and their percentage shares:

1. India: approx. 85%
2. Nepal: approx. 7%
3. Bangladesh: approx. 5%

Power Grid Corporation of India Limited generates the majority of its revenue from the transmission of electricity, which is its core competency. The Indian market is by far the largest, as the company operates mainly in India and manages a comprehensive transmission network there.

In addition to India, Nepal and Bangladesh are important markets as Power Grid is also involved in cross-border projects that support the power supply in these countries. The remaining revenues come from telecommunications services and consulting services that the company offers additionally.

Production Sites: India (various locations)

Power Grid Corporation of India Limited is a state-owned company that is mainly engaged in the operation and maintenance of high-voltage transmission networks in India. The company does not produce physical products in the traditional sense, but is responsible for the transmission and distribution of electricity.

Power Grid's main activities include the construction and maintenance of transmission lines and substations throughout India. These infrastructure projects are carried out at various geographical locations within the country to efficiently manage and distribute electricity supply.

Strategy for Future Growth:

Power Grid Corporation of India Limited is pursuing a multi-pronged growth strategy focusing on expanding the transmission infrastructure, integrating renewable energies, and digitalization.

1. Infrastructure Development: The company plans to further expand its transmission networks to meet India's increasing energy demand. This includes both expanding existing networks and constructing new lines to enhance the reliability and efficiency of power transmission.

2. Integration of Renewable Energies: Power Grid is investing in technologies and projects that facilitate the integration of renewable energy sources into the national grid. This is crucial to support India's goal of increasing the share of renewable energies in the energy mix.

3. Digitalization and Smart Grids: The company is increasingly focusing on digitalization and the implementation of smart grid technologies. These measures are intended to enhance network stability, reduce downtime, and improve the efficiency of power transmission.

4. International Expansion: In addition to the domestic market, Power Grid is exploring opportunities for expansion into international markets, particularly in regions with growing energy demand and investment opportunities in the field of power transmission.

These strategic initiatives are aimed not only at promoting Power Grid's growth but also at contributing to the sustainable development of the Indian energy sector.

Raw materials/materials: Transformers, conductors, insulators

Main importing countries: China, Germany, USA

Power Grid Corporation of India Limited (POWERGRID) is a leading company in the field of electricity transmission in India. The company imports various materials and components necessary for the construction and maintenance of transmission lines and stations. These include transformers, conductors, and insulators in particular.

China is a significant supplier of electrical components and materials used in power transmission. Germany and the USA are also important partners, especially for high-quality transformers and specialized electrical equipment.

These imports are crucial to support POWERGRID's infrastructure projects and ensure the reliability and efficiency of the Indian power grid.

Market share in the transmission sector: Over 85% (2023)
Network length: Over 172,000 km (2023)
Return on equity (ROE): 20.3% (2023)

Power Grid Corporation of India Limited (PGCIL) has a significant competitive advantage in the Indian power transmission sector, mainly due to its dominant market share and extensive infrastructure. With over 85% market share in the transmission sector, PGCIL is the leading player in India.

The impressive network length of over 172,000 km allows the company to ensure broad geographic coverage, which is crucial for distributing electricity over long distances. This infrastructure is difficult to replicate and represents a high barrier to entry for new competitors.

Additionally, the return on equity of 20.3% demonstrates the efficiency with which the company utilizes its investments to generate profits. This metric is an indicator of PGCIL's strong financial health and operational efficiency.

Overall, PGCIL benefits from its established market position, extensive infrastructure, and the ability to consistently achieve high returns, further strengthening its competitive advantage.

Institutional investor share: Approx. 55% (2025, estimated)

Insider purchases/sales: No significant changes (2025, estimated)

The institutional investor share in Power Grid Corporation of India Limited is estimated to be around 55%. This demonstrates the confidence of large institutional investors in the company's stability and growth potential.

In 2025, there were no significant insider purchases or sales, indicating a stable assessment of the company's value by management and other insiders. This can be seen as a positive signal for market participants, as it suggests a certain confidence in the company's future development.

Market share of Power Grid Corporation of India Limited: Estimated around 50% (2025)

Main competitors and their market shares:

1. Adani Transmission Limited: Estimated around 15% (2025)
2. Tata Power Company Limited: Estimated around 10% (2025)
3. Sterlite Power Transmission Limited: Estimated around 8% (2025)
4. Reliance Infrastructure Limited: Estimated around 7% (2025)
5. Kalpataru Power Transmission Limited: Estimated around 5% (2025)

Moat of Power Grid Corporation of India Limited:

Power Grid Corporation of India Limited (PGCIL) has a significant moat, which consists of several factors. Firstly, PGCIL is the largest power transmission operator in India, giving it a considerable advantage in terms of economies of scale and network coverage. The company benefits from government support and plays a central role in the Indian power grid, further strengthening its market position.

Secondly, PGCIL has gained a technological edge through continuous investments in infrastructure and technology, enhancing the efficiency and reliability of its services. These investments allow the company to implement new projects faster and more cost-effectively than many of its competitors.

While some competitors, such as Adani Transmission, also have strong growth strategies and aggressively invest in expanding their networks, PGCIL remains in a dominant position due to its established market presence and strategic importance to the national power grid.

In summary, Power Grid Corporation of India Limited possesses a significant moat supported by its market leadership, government backing, and technological investments. While some competitors are also building strong positions, PGCIL remains the leading player in the Indian power transmission sector.

Revenue Growth: 8.5% (2024) Profit Growth: 7.2% (2024) Return on Equity: 15.8% (2024) Debt-to-Equity Ratio: 1.2 (2024)

Power Grid Corporation of India Limited recorded a solid revenue growth of 8.5% in 2024, attributed to the continuous expansion of the power transmission network and the increasing demand for electricity in India. The profit growth of 7.2% indicates that the company is able to increase its profitability despite rising operating costs.

The return on equity of 15.8% suggests that the company operates efficiently and provides an attractive return to its shareholders. The debt-to-equity ratio of 1.2 indicates moderate debt, common in the energy supply industry, and reflects solid financial stability.

Overall, Power Grid Corporation of India Limited demonstrates strong operational performance and solid financial metrics, indicating a positive long-term outlook. Investors may consider this as an attractive opportunity, especially if they are interested in a stable and growth-oriented company in the energy sector.

Dividend Yield: 5.2% (2025, estimated)

Power Grid Corporation of India Limited is known for regularly distributing dividends to its shareholders. The company has followed a stable dividend policy in the past, based on a solid financial foundation and stable revenues from the power transmission sector.

The dividend yield of 5.2% in 2025 shows that the company continues to be able to provide attractive payouts. This reliability is due to its monopoly-like position in the Indian power transmission network and strong government support.

Analysts consider Power Grid's dividend policy to be sustainable, as the company continuously invests in infrastructure while generating stable cash flows.