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PGCIL Plans Rs23,000 Crore Capex for FY25, Marking 84% Growth

Power Grid Corporation of India Ltd (PGCIL) has set an ambitious capital expenditure target of Rs23,000 crore for the financial year 2024-25 (FY25), reflecting an 84% increase from its actual capex of Rs12,500 crore in FY24.

As of the first three quarters of FY24 (April–December), PGCIL had already spent Rs17,651 crore, indicating strong progress toward its target. This aggressive investment strategy underscores the company's commitment to expanding India's power transmission infrastructure, aligning with the country’s growing renewable energy integration and grid modernization efforts.

PGCIL’s increased spending is expected to enhance transmission capacity, strengthen grid reliability, and support the government’s push for a more resilient and efficient energy sector.