**Business Performance:** POWERGRID, India’s power transmission leader, maintains strong 99.83% system availability.

For H1FY26, consolidated total income was flat at ₹23,115 Cr.

PAT dipped 4% to ₹7,197 Cr, EPS at ₹7.74. A bright spot: Consultancy Services revenue surged 222% to ₹821 Cr, highlighting diversification success. **Growth & Developments:** Strategy focuses on indigenous HVDC tech (like the ₹3,440 Cr Sasaram project) and new opportunities in RE, BESS, and Green Hydrogen.

In H1FY26, ~857 ckm of lines and 30,555 MVA capacity were commissioned.

Innovations include India's first indigenous 400kV Insulated Cross Arms (reduced land use) and 220kV Mobile GIS bay for quick deployment. **Outlook:** Strong demand is expected from India's economic growth and green energy push.

POWERGRID has a robust execution pipeline with Works in Hand at ₹152,000 Cr (including ₹103,000 Cr from competitive bidding projects), signaling strong future momentum.

FY26 capex is planned at ₹28,000 Cr, underscoring investment in India's energy future.