POWER GRID CORPORATION OF INDIA LIMITED (A Government of India Enterprise) Symbol: POWERGRID; Series: EQ; ISIN: INE752E01010

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1 Qlct"l lctl5 Cbl'lQI"l~lCif ~ $15'LII 1611Cffd5 (llml' ~ qjf "3UUI') POWER GRID CORPORATION OF INDIA LIMITED (A Government of India Enterprise) ~ ~: ~ ~ ~. 2. ~-2e. ~122 oot ~ ~: o oa-719. m = , 'Saudamini' Plot No.2, Sactor-29, Gurgaon , (Haryana) Tal.: , Fax : , Web.: CIN: L40101DL 1989GOI C/COS/Listing/NSE/ Dt: The GM (Listing) National Stock Exchange of India Ltd., Exchange Plaza, Plot No.C/1, G Block, Bandra Kurla Complex, Sandra (East), Mumbai Ref: Symbol: POWERGRID; Series: EQ; ISIN: INE752E01010 Dear Sir, Sub: Unaudited Financial Results for the quarter and nine months ended 31st December In pursuance of Regulation 30 read with Schedule Ill of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, a copy of Unaudited Financial Results for the quarter and nine months ended 31st December, 2017 is submitted please. Thanking You, Yours faithfully, ~a~ General Manager - Comp~~;~l%c~etary & Compliance Officer <Jffi ~: -.ft-9, ~ ~fll<;<):_:tl"'(>l ~. Cl>cctl~<11 ~. ~ ~ ~: , ' , , m: :1. Office: B-9, Qutab Institutional Area, Ka!waria Sarai, New Delhi Tel.: , , , , Fax: , Web.: ~ 'C[Ci '<I'J:&d if ijiiiff ilritfi Save Energy for Benefit of Self and Nation

2 S. K. Mittal & Co. Chartered Accountants Mittal House, E-29, South Extension Part- II, New Delhi Kothari & Co. Chartered Accountants 1 E, Neelkanth, 26-B, Camac Street, Kolkata R. G. N. Price & Co. Chartered Accountants Simpsons Buildings, 861, Anna Salai, Chennai Parakh & Co. Chartered Accountants A-1 01, Pratik Apartment, Ramchandra Nagar 3, Near Cadbury Signal, Thane West, Mumbai LIMITED REVIEW REPORT To The Board of Directors, Power Grid Corporation of India Limited B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi We have reviewed the accompanying Statement of Standalone Un-audited Financial Results of Power Grid Corporation of India Limited for the quarter and nine months ended 31si December, 2017 being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, This Statement submitted is the responsibility of the Company's Management and approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Financial Statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit OpiniOn. Emphasis of matter Without modifying our report, attention is invited to Note 1 (b)(ii) to the Statement of Un-audited Standalone financial results relating to provisional recognition of revenue from t[. WA1_ - on charges. *- '' co ";)' * ~ NE ~ ~ ~ ~~ '? o ACC 0

3 Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Standalone Un-audited Financial Results prepared in accordance with the applicable Indian Accounting Standards specified under section 133 of Companies Act, 2013 read with Rule 7 of The Companies (Accounts) Rules 2014 and other accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement. S. K. Mittal & Co. Chartered Accountants Firm Regn. No N (CA. M. K. Partn M. No Parakh & Co. Chartered Accountants Firm Regn. No C Place: New Delhi Date : 1st February, 2018

4 Power Grid Corporation of India Ltd.(A Govt. of India Enterprise) CIN: L40101DL1989GOI B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi Statement of Standalone Un-Audited Financial Results for the Quarter and Nine Months ended 31st December, 2017 (fin Crore) Sl No. I II lil IV v VI VII Vlll IX X Quarter ended Nine Months ended Year ended Particulars (Un-audited (Un-audited) I (Un-audited) (Un-audited). (Un-audited) (Audited) Revenue From Operations Other Income Total Income (I+ II) EXPENSES Employee benefits expense Finance costs Depreciation and amortization expense Other expenses Total expenses (IV) Profit before Tax (III-IV) Tax expense: ' Current tax -Current Year Earlier Years Deferred tax Less: Deferred Asset for deferred tax liability Profit for the period before Regulatory Deferral Account Ba lances (V-VI) Net movement in Regulatory Deferral Account Balances- Income/ (Expenses) (101.93) (8.39) (12.98) Profit for the period (VII+ VIII) Other Comprehensive Income Items that will not be reclassified to profit or loss (4.88) (29.71) (14.03) XI Total Comprehensive Income for the period ~~ ~=~ ~ -7%9.98 ICIX+X) d) ~it ~ ~or ~ ~\-\Aq/.f-_ ~~KH.f~? ':P~ ~~ ~1:~ B~ 'PA,.$:-"b ~ (:'"' ''~ ~ fl ~ <:..,.,~ ~/! /. t (~~" /4. ~ CHENNAl. ~ )) I~ KOLKATA ~)) ~ MUMBAI ~II

5 51 No. XII XIII XIV XV Quarter ended Nine Months ended Year ended Particulars (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Audited) Paid up Equity Share Capital (Face value of share: ~ 10/- each) Reserves excluding Revaluation reserve as per balance sheet Earnings per equity share including movement in Regulatory Deferral Account Balances (Face value ~ 10/- each) : Basic & Diluted (ln ~) Earnings per equity share excluding movement in Regulatory Deferral Account Balances (Face value ~ 10/- each): Basic & Diluted (ln ~ Refer accompanying notes to the financial results. -

6 Power Grid Corporation of India Ltd.(A Govt. of India Enterprise) CIN: L40101DL1989GOI B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi Segment wise Revenue, Results, Asset and Liabilities for the Quarter and Nine Months ended 31st December, 2017 Partil"ula~ Quarter ended Nine Montho ended (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) (Un-Audited) A. Segment Revenue (includin~ allocable Other Income) Transnlission Consultancy Telecom Total Leo.: Inter Segment Revenue Total Revenue includin~ Other Income B. Segment Results Profit before Interest and Tax Transnlission Consul laney Telecom Total Profit before Interest and Tax Less: Unallocated interest and finance charges O ther w1al1ocated expenditure net of w1allocated income (162.15) (156.80) (84.71) (425.15) (256.26) Profit before Tax (including Regulatory Deferral Accow1l Balanceo) c. Segment Aoseto Transnti~sion Consultancy Telecom Una Uoca ted As&ets Total Segment Assets D. Segment Liabilities - Transntission Consultancy Telecom Unallocated Liabilities Total Segment Liabilities (~in Crore) Year ended (Audited) (375.72) TI1e operations of the Company are 01<1inly carried out within U1e conntry and therefore, geographical segments are not applicable.

7 Notes: 1. (a) In exercise of powers u/ s 178 of the Electricity Act 2003, Central Electricity Regulatory Commission (CERC) has notified "CERC (Terms and Conditions of Tariff) Regulations, 2014" vide order dated 21st February, 2014 for the determination of transmission tariff for the block period (b) The company has recognised Transmission income during the quarter and nine months ended 31st December,2017 as per the following: (i) ~ crore for the quarter (corresponding previous quarter ~ crore) and < crore for the nine months (corresponding previous nine months ~ crore) as per final tariff orders issued by CERC. (ii) ~ crore for the quarter (corresponding previous quarter ~ crore) and ~ crore for the nine months (corresponding previous nine months ~ crore) in respect of transmission assets for which final tariff orders are yet to be issued as per CERC Tariff Regulations and other orders in similar cases. (c) Consequent to the final orders issued by the CERC, transmission income includes ~ crore (decrease) and ~ crore (decrease) for the quarter and the nine months ended 31st December, 2017 respectively pertaining to earlier years (corresponding figures for quarter and nine months of previous year are~ crore (decrease) and~ crore (increase) respectively). 2. Employee benefits expense includes < crore for the quarter (corresponding previous quarter Nil) and ~ crore for the nine months (corresponding previous nine months Nil) (net of amount transferred to expenditure during construction) towards pay revision of employees of the Company, due w.e.f. 1st January, Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis. 4. Interim dividend of~ 2.45 per share (face value <10/- each) for the financial year has been declared by the Board of Directors in its meeting held on 1st February, The above statement of financial results has been reviewed by the Audit Committee and has been approved by the Board of Directors in their respective meetings held on 1st February, As required under regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Statutory Auditors have conducted a limited review of the above financial results for the quarter and nine months ended 31st December, Previous period figures have been regrouped/ rearranged wherever necessary. For and on behalf of POWER GRID CORPOR Place : New Delhi. Date : ] stfebruary, 2018

8 Power Grid Corporation of India Limited (A Govt. of India Enterprise) CIN : L40101DL1989GOI B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi Extract of the Statement of Un-audited Standalone Financial Results for the Quarter and Nine Months ended December, 2017 ('in Crore) Quarter ended Quarter ended Nine Months Nine Months Year ended S.No. Particulars ended ended (Un-audited) (Un-audited) (Un-audited) (Un-audited) (Audited) 1. Total income from operation (net) Profit before tax (including Regulatory Deferral Account Balances) Profit after tax for the period before Regulatory Deferral Account Balances Profit for the Period after tax Total Comprehensive Income comprising net Profit after Tax and Other Comprehensive Income Paid up Equity Share Capital (face value of share : ~ 10/- each) Reserves (excluding Revaluation Reserve) as shown in the Balance sheet of previous year Earnings per equity share including movement in Regulatory Deferral Account Balances (Face value ~ 10/- each): Basic and Diluted (In~ ) 9. Earnings per equity share excluding movement in Regulatory Deferral Account Balances (Face value~ 10/- each): Basic and Diluted (In~) A _.-.. ~ ~ ~ / ~ ( ) ( ~ ( ~ (I ~

9 Notes 1. I The above is an exb act of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulations 33 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, The full format of the Financial Results is available on the Investor Relations section of our website jwww.powergridindia.com and under Corporates Section of BSE Limited & National Stock Exchanr:e of India Lirruted at jwww.bseindia.com and jwww.nseindia.com. 2. I (a) In exercise of powers u/ s 178 of the Electricity Act 2003, Central Electricity Regulatory Commission (CERC) has notified "CERC (Terms and Conditions of Tariff) Regulations 2014" vide order dated 21 st February, 2014 for the determination of transmission tariff for the block period (b) The company has recognised Transmission income during the quarter and nine months ended 31 st December, 2017 as per the following: (i) ~ crore for the quarter (corresponding previous quarter~ crore) and~ crore for the nine months (corresponding previous nine months~ crore) as per final tariff orders issued by CERC. (ii) ~ crore for the quarter (corresponding previous quarter~ crore) and~ crore for the nine months (corresponding previous nine months~ crore) in respect of transmission assets for which final tariff orders are yet to be issued as per CERC Tariff Regulations and other orders in similar cases. (c) Consequent to the final orders issued by the CERC, transmission income includes ~ crore (decrease) and ~ crore (decrease) for the quarter and the nine m.onths ended 31st December, 2017 respectively pertaining to earlier years (corresponding figures for quarter and nine months of previous year are~ crore (decrease) and~ crore (increase) respectively). 3. I Employee benefits expense includes~ crore for the quarter (corresponding previous quarter Nil) and~ crore for the Nine months (corresponding previous nine months year Nil) (net of amount transferred to expenditure during construction) towards pav revision of emolovecs of the Comoanv, due w.e.f. 1st January, I Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis. 5. I Interim dividend of~ 2.45 per share (face value ~10 /- each) for the financial year has been declared by the Board of Directors in its meetinr: held on 1st Februarv, I The above financial results have been reviewed by th e Audit Committee and have been approved by the Board of Directors in th eir respective meetinr:s held on 1st Februarv, I The above results have been reviewed by the Statutory Auditors as required under regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Remlations For and on behalf of POWER orhim:::orporation OF INDIA LTD. Place : New Delhi. Date : 1st February, 2018

10 q a~ t:us cs ~ql~%!rat 3ilt5 $1sa l~l«hc!s (11m' ~ i5l' auq) POWER GRID CORPORATION OF INDIA LIMITED (A Government of India Enterprise) QICI"lf.\1: ~ ~ ~ ~ ~- 2. m-29. ~-12z 001. ~ ~ , 1fi<m = o i "Saudaminl" Plot No. 2, Sec\or-29, Gurgaon , (Haryana) Tel. : , Fax : , Web.: CIN : L40101 DL 1989GOI03812 POWERGRI D/RMC-FI N/COMP/DEC-17/1 To, General Manager - Listing Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Sandra Kurla Complex, Sandra East, Mumbai Fax No: / / / cmlist@nse.co.in Dt. 1st February, 2018 General Manager Department of Corporate Services BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai Fax No: / / / / - corp. relation@bseindia.com Subject Information under Regulation 54(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the 3rd quarter ended 31st Dec, 2017 Dear Sir, In pursuance of Regulation 54(2) of the SESI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the extent and nature of security created and maintained with respect to POWERGRID secured listed non-convertible debt securities for the 3rd quarter ended Dec 2017, are detailed at Annexure-A. Thanking you, Yours faithfully, ~~=oft 9, ~ ~-Rlc,<&~1"'161 ~. <Pcql~<:!l mm. ~ ~ 11001s ~ , , , ,. tfi<ffi: ~ Regd. Office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi Tel.: , , , , Fax: , Web.: ~ ~ 'li"j:~d "If \1iUff ~ Save Energy for Benefit of Self and Nation

11 POWER GRID CORPORATION OF INDIA LIMITED B-9, Qutub lnstititional Area Katwaria Sarai, New Delhi Sub: Quarterly Compliance pursuant to Regulation 54(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ' Outstanding AmoOJnt Sr. No Issue Sellfi aa on ~ Rs m ('.roul (As per lnd As) ExWnt and Nature of Secunty Created 3nd Ma1ntamed Annexure-A Secured by way or Registered Bond Trust Deed ranking pari-pasu on immovable % Bond XV Series 6.68% property situated at Mauje Ambheti Taluka Kaparada in District Valsad Gujarat and Floating charges on the assets or the company % Bond Issue XVI 7.10% Do % Bond Issue XVII 7.39% Do % Bond Issue XVIII 8.15% Do % Bond Issue XIX 9.25% Do % Bond Issue XX 8.93% Do- 7 8.i3% Bond Issue XXI 8.73% Do % Bond Issue XXII 8.88% Do % Bond Issue XXIII 9.25% Do % Bond Issue XXIV 9.95% Do o. 1% Bond Issue XXV 10.10% Do % Bond Issue XXVI 9.30% Do % Bond Issue XXVII 9.47% Do % Bond Issue XXVIII 9.33% 1, Do % Bond Issue XXIX 9.20% Do % Bond Issue XXX 8.80% 1, Do % Bond Issue XXXI 8.90% 1, Do % Bond Issue XXXII 8.84% Do % Bond Issue XXXIII 6.64% 1, Do % Bond Issue XXXIV 8.84% 2, Do % Bond Issue XXXV 9.64% 1, Do % Bond Issue XXXVI 9.35% 2, Do % Bond Issue XXXVII 9.25% 1, Do % Bond Issue XXXVIII 9.25% Do- 25 ~.4% Bond Issue XXXIX 9.40% 1, Do % Bond Issue XL 9.30% 3, Do % Bond Issue XLI 8.85% 2, D % Bond Issue XLII 8.80% 1, Do % Bond Issue XLIII 7.93% 2, Do % Bond Issue XLIV 8.70% 3, Do- Page:

12 Sub: Quarterly Compliance pursuant to Regulation 54(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Issue Senes Outstandrng Amount as on Rs in Crore (AI pet lnd As) Emnt and Nature of Security Created and Marntalned Secured by way of Registered Bond Trust Deed ranking pari-pasu on Immovable % Bond Issue XLV 9.65% 1, property situated at Mauje Ambheti Taluka Kaparada in District Valsad Gujarat and Floating charges on the assets of the company % Bond Issue XLVI 9.30% 4, Do % Bond Issue XLVII 8.93% 2, Do % Bond Issue XLVIII 8.20% 2, Do % Bond Issue XLIX 8.15% 1, Do % Bond Issue L 8.40% 2, Do % Bond Issue Ll 8.40% 2, Do % Bond Issue LJI 8.32% 1, ~Do % Bond Issue Llll 8.13% 3, DO % Bond Issue LIV 7.97% 2, Do % Bond Issue LV 7.55% 1, Do % Bond Issue LVI 7.36% 1, Do % Bond Issue LVII 7.20% 2, Do % Bond Issue LVIII 7.89% 2, Do- 45, 7.30% Bond Issue LIX 730% 3, DO % Bond Issue LX 7.20% 3, Do- Page:

The same is also available on the website of the Company i.e.

The same is also available on the website of the Company i.e. The General Manager National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 The General Manager Bombay Stock Exchange Limited Phiroze