PowerGrid to Invest ₹914 Crore in Transformers, Reactors for Grid Expansion

• PowerGrid's Committee of Directors approved investment proposals totaling ₹914 crore for cold spare transformers and reactors.
• The procurement aims to enhance grid reliability and capacity across various regions.
• Projects are slated for completion within 30 months from the investment approval date.
• Approvals include ₹401.88 crore for WRPC, ₹166.33 crore for NERPC, and ₹345.78 crore for SRPC.
• Despite the investment, PowerGrid reported a 6% decline in Q2 net profit to ₹3,566 crore, missing Street estimates.

Why It Matters: PowerGrid commits ₹914 crore to critical equipment procurement despite a recent dip in quarterly profits.