20 Mar 2026 | 5 Mins Read
Power Grid Corp rises 3% on merger clearance
Flipitmoney
Power Grid Corporation of India shares rose 2.7% to ₹304.85 per share. The company's board approved a merger of 28 subsidiaries into two others, expanding a restructuring plan for a simpler group structure. The board also approved a ₹705.3 crore investment for cold spare transformer and reactor procurement. In Q3FY25, the company's consolidated profit dropped 4.1% Y-o-Y to ₹3,861.6 crore.