POWERGRID / Q3-FY26 / risks

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Powergrid · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ3-FY26 · 2026-02-01Back to quarter ↗

Risk intelligence

Material risks this quarter

Transformer supply chain constraints

Domestic transformer capacity (228,000 MVA) is insufficient vs demand (421,000 MVA in FY27), potentially delaying projects unless Chinese component imports are allowed.

high

Right-of-way issues persist despite improvements

While new guidelines have helped, ROW remains a challenge in some states; execution depends on timely adoption by local authorities.

medium

HVDC project award delays

Two major HVDC projects (Barmer II-Srikakulam, Bikaner V-Begunia) may slip beyond FY27, impacting CapEx phasing.

medium

Intrastate project risks

Intrastate projects (e.g., Maharashtra, Karnataka) involve higher execution risks; management will bid selectively based on risk assessment.

low