Right-of-way challenges persist
ROW issues remain a significant bottleneck for transmission line commissioning, especially in Delhi and Haryana, despite new compensation guidelines.
POWERGRID / Q1-FY26 / risks
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Powergrid · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Supply chain inflation for key equipment
Transformer costs have doubled in seven years, and GIS bay costs have risen from INR 6 crore to INR 14-15 crore, impacting project costs.
Leh HVDC project technology risk
The Leh HVDC project faces delays due to technology challenges at high altitude; an alternative AC solution may be costlier and unproven in India.
Consolidated PAT decline due to JV losses
Consolidated PAT fell ~2% YoY partly due to INR 70 crore loss from joint venture ESL, which management did not elaborate on further.