Sharekhan

Power Grid Corporation of India Ltd

Thu 13/03/2025,15:59:23 | NSE : POWERGRID

₹ 267.650.55 (0.21%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 269.80

Previous Close

₹ 267.10

Volume

9270442

Mkt Cap ( Rs. Cr)

₹248930.66

High

₹ 270.65

Low

₹ 265.50

52 Week High

₹ 366.25

52 Week Low

₹ 247.30

Book Value Per Share

₹ 98.98

Dividend Yield

4.20

Face Value

₹ 10.00

What’s Your Call?

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Your Vote -

Buy

82.98%

Hold

12.75%

Sell

4.27%

82.98%

3255 users have voted

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

267.65

1060

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Bid Total

1060

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

Analyzes market sentiment, predicts Power Grid Corporation of India Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Power Grid Corpo - General Updates

    13 Mar 2025, 8:17PM Power Grid Corporation of India Limited has informed the Exchange about Investment approval by ""Committee of Directors on Investment on Projects"" of
  • Power Grid Corpo - Investment Approval By \Committee Of Directors On Investment On Projects\ Of POWERGRID.

    13 Mar 2025, 8:14PM Investments approval by \Committe of Directors on Investment on Projects\ of POWERGRID.
  • Power Grid Corpo - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    13 Mar 2025, 8:07PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Sh
  • Power Grid Corpo - Outcome of Board Meeting

    13 Mar 2025, 8:06PM Outcome of the Board meeting held on March 13, 2025 - Appointment of Secretarial Auditor for the FY 2024-25.
  • Power Grid Corpo - Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday, 13Th March, 2025

    13 Mar 2025, 8:02PM Appointment Of Secretarial Auditor for The Financial Year 2024-25
  • Power Grid Corpo - General Updates

    6 Mar 2025, 9:00PM Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - POWERGRID Declared As Successful Bidder Under TBCB. \r\n\r\n

    6 Mar 2025, 8:57PM POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - General Updates

    4 Mar 2025, 5:34PM Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - POWERGRID Declared As Successful Bidder Under TBCB

    4 Mar 2025, 5:30PM POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - Acquisition-XBRL

    19 Feb 2025, 12:16PM Power Grid Corporation of India Limited has informed the Exchange regarding Acquisition
  • Power Grid Corpo - Acquisition-XBRL

    19 Feb 2025, 12:15PM Power Grid Corporation of India Limited has informed the Exchange regarding Acquisition
  • Power Grid Corpo - Acquisition

    18 Feb 2025, 6:44PM Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Khavda V-B1B2 Power Transmission Limited by POWERGRID under TBC
  • Power Grid Corpo - Acquisition

    18 Feb 2025, 6:42PM Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Bidar Transco Limited by POWERGRID under TBCB route.
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Acquisition

    18 Feb 2025, 6:39PM Acquisition of Khavda V-B1B2 Power Transmission Limited by POWERGRID under TBCB route.
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Acquisition

    18 Feb 2025, 6:37PM Acquisition of Bidar Transco Limited by POWERGRID under TBCB route.
  • Power Grid Corpo - General Updates

    17 Feb 2025, 9:54PM Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - POWERGRID Declared As Successful Bidder Under TBCB

    17 Feb 2025, 9:50PM POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Feb 2025, 11:28AM Power Grid Corporation of India Limited has informed the Exchange about Transcript of Webinar held on Wednesday, 05th February, 2025 for Investors and
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    12 Feb 2025, 11:25AM Transcript of Webinar held on Wednesday, 05th February, 2025 for Investors and Analysts.
  • Power Grid Corpo - Copy of Newspaper Publication

    11 Feb 2025, 6:27PM Power Grid Corporation of India Limited has informed the Exchange about Newspaper Publication for Transfer of Equity Shares of the Company to Investor
  • Power Grid Corpo - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Feb 2025, 8:53PM Power Grid Corporation of India Limited has informed the Exchange about Link of Recording
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    5 Feb 2025, 8:49PM Video Recording link of Webinar held on Wednesday, 05th February, 2025
  • Power Grid Corpo - Investor Presentation

    5 Feb 2025, 10:36AM Power Grid Corporation of India Limited has informed the Exchange about Investor Presentation
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Investor Presentation

    5 Feb 2025, 10:32AM Proposed Presentation to be given at webinar scheduled to be held at 11:00 am on Wednesday, 5th February, 2025.
  • Power Grid Corpo - Outcome of Board Meeting-XBRL

    4 Feb 2025, 6:00PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 03-Feb-2025 for Dividend
  • Power Grid Corpo - Copy of Newspaper Publication

    4 Feb 2025, 5:41PM Power Grid Corporation of India Limited has informed the Exchange about Copy of Newspaper Publication
  • Power Grid Corpo - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    4 Feb 2025, 5:28PM Power Grid Corporation of India Limited has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Sh
  • Power Grid Corpo has declared 32.50% Interim dividend for the financial year March 2025

    4 Feb 2025, 7:02AM Power Grid Corporation of India Ltd. on Tuesday, 28 January 2025, has announced Interim dividend of 32.50 percent on Equity Share, to its shareholders
  • Power Grid Corpo - Investments Approved By \Committee Of Directors On Investments On Projects\ Of POWERGRID

    3 Feb 2025, 9:29PM Investments approved by Committee of Directors
  • Power Grid Corpo - General Updates

    3 Feb 2025, 9:26PM Power Grid Corporation of India Limited has informed the Exchange about Investments approved by ""Committee of Directors on Investment on Projects"" o
  • Power Grid Corpo - Corporate Action - Fixation Of Record Date

    3 Feb 2025, 9:08PM Record date for the purpose of payment of 2nd interim dividend shall be Friday, 7th February, 2025.
  • Power Grid Corpo - Corporate Action-Board approves Dividend

    3 Feb 2025, 9:06PM Board approved 2nd interim dividend of Rs. 3.25 per equity share
  • Power Grid Corpo - Integrated Filing (Financial)

    3 Feb 2025, 9:01PM Integrated Filing (Financial) for the Quarter ended 31st December, 2024.
  • Power Grid Corpo - Unaudited Financial Results For 3Rd Quarter And Nine Months Ended 31St December, 2024

    3 Feb 2025, 8:55PM Unaudited Financial Results for 3rd Quarter and Nine Months ended 31st December, 2024
  • Power Grid Corpo - Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, 03Rd February, 2025 - Unaudited Financi

    3 Feb 2025, 8:51PM Outcome of Board Meeting held on Monday, 03rd February, 2025 - Unaudited Financial Results for 3rd Quarter and Nine months ended 31st December, 2024 (
  • Power Grid Corpo Q3 net profit down 1.92% at Rs 3894.09 cr

    3 Feb 2025, 8:41PM The company reported standalone net profit of Rs 3,894.09 crore for the quarter ended December 31, 2024 as compared to Rs 3970.23 crore in the same pe
  • Power Grid Corpo - Record Date

    3 Feb 2025, 8:36PM Power Grid Corporation of India Limited has informed the Exchange that Record date for the purpose of Dividend is 07-Feb-2025.
  • Power Grid Corpo - Dividend

    3 Feb 2025, 8:33PM Power Grid Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on February 03, 2025, declared Interim D
  • Power Grid Corpo - Integrated Filing- Financial

    3 Feb 2025, 8:27PM Outcome of Board Meeting held on Monday, 03rd February, 2025 - Unaudited Financial Results for 3rd Quarter and Nine months ended 31st December, 2024(
  • Power Grid Corpo - Financial Result Updates

    3 Feb 2025, 8:23PM Power Grid Corporation of India Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Power Grid Corpo - General Updates

    31 Jan 2025, 7:57PM Power Grid Corporation of India Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Req
  • Power Grid Corpo - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 4:37PM Power Grid Corporation of India Limited has informed the Exchange about Schedule of Webinar for Investors & Analysts on Financial Performance of POWER
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    30 Jan 2025, 4:34PM Schedule of Webinar for Investors & Analysts on Financial Performance of POWERGRID for the 3rd Quarter & Nine Months ended 31.12.2024.
  • Power Grid Corpo - Board Meeting Intimation

    28 Jan 2025, 4:05PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Feb-2025 to consider and approve the Quarterly
  • Power Grid Corpo - Trading Window-XBRL

    28 Jan 2025, 3:44PM Power Grid Corporation of India Limited has informed the Exchange about Closure of Trading Window
  • Power Grid Corpo - Board Meeting Intimation

    28 Jan 2025, 3:43PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Feb-2025 to consider and approve the Quarterly
  • Power Grid Corpo - Trading Window

    28 Jan 2025, 3:31PM Power Grid Corporation of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Tradin
  • Power Grid Corpo - Record Date

    28 Jan 2025, 3:29PM Power Grid Corporation of India Limited has informed the Exchange that Record date for the purpose of Dividend is 07-Feb-2025.
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - Board Meeting Intimation for Meeting Of Board Of Directors Of POWERGRID To Consider And Approve The Unaudi

    28 Jan 2025, 3:10PM POWER GRID CORPORATION OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2025 ,inter alia,
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - 'Record Date' For The Purpose Of Ascertaining The Eligibility Of The Shareholders For Payment Of Interim

    28 Jan 2025, 3:17PM Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Director
  • Power Grid Corpo - General Updates

    22 Jan 2025, 9:23PM Power Grid Corporation of India Limited has informed the Exchange about POWERGRID Sikar Transmission Ltd. has successfully commissioned the project.
  • Power Grid Corpo - POWERGRID Sikar Transmission Limited Has Successfully Commissioned The Project

    22 Jan 2025, 9:18PM POWERGRID Sikar Transmission Ltd. has successfully commissioned the project.
  • Power Grid Corpo has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    20 Jan 2025, 7:30PM As of December 2024, 51.34% is owned by Indian Promoters and 48.66% by Public. <p align=justify> Institutional holds 45.14% (Insurance Companies 3.63%
  • Power Grid Corpo - Acquisition-XBRL

    20 Jan 2025, 12:56PM Power Grid Corporation of India Limited has informed the Exchange regarding Acquisition
  • Power Grid Corpo - Acquisition

    17 Jan 2025, 11:06PM Power Grid Corporation of India Limited has informed the Exchange about Acquisition of equity shareholding of IL&FS Energy Development Company Limited
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Acquisition

    17 Jan 2025, 11:01PM Acquisition of Equity Shareholding of IL&FS Energy Development Company Ltd. in the Joint Venture Company namely Cross Border Power Transmission Compan
  • Power Grid Corpo - Acquisition-XBRL

    16 Jan 2025, 6:59PM Power Grid Corporation of India Limited has informed the Exchange regarding Acquisition
  • Power Grid Corpo - Acquisition

    16 Jan 2025, 6:58PM Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Gadag II and Koppal II Transmission Limited by POWERGRID under
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Acquisition

    16 Jan 2025, 6:54PM Acquisition of Gadag II and Koppal II Transmission Limited by POWERGRID under TBCB route.
  • Power Grid Corpo - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    13 Jan 2025, 4:32PM Power Grid Corporation of India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Hartek wins Rs 117 crore order from Power Grid

    7 Jan 2025, 8:17PM Hartek Group's power system business unit has secured a Rs 117 crore project in Gujarat from Power Grid Corporation of India Limited (PGCIL), India's
  • Power Grid Corpo - General Updates

    6 Jan 2025, 6:27PM Power Grid Corporation of India Limited has informed the Exchange about POWERGRID declared as successful bidder under TBCB.
  • Power Grid Corpo - POWERGRID Declared As Successful Bidder Under TBCB

    6 Jan 2025, 6:25PM POWERGRID declared as successful Bidder under TBCB.
  • Power Grid Corpo - Incorporation-XBRL

    1 Jan 2025, 6:22PM Power Grid Corporation of India Limited has informed the Exchange regarding Incorporation
  • Power Grid Corpo - Change in Management

    1 Jan 2025, 6:21PM Power Grid Corporation of India Limited has informed the Exchange about change in Management
  • Power Grid Corpo - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    1 Jan 2025, 6:21PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Sh
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Change in Management

    1 Jan 2025, 6:19PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Change in Senior Management
  • Power Grid inks USD 200 mn green loan pact with SMBC

    1 Jan 2025, 8:50AM State-owned Power Grid Corporation of India on Tuesday said it has inked a green loan pact with Sumitomo Mitsui Banking Corporation (SMBC). <p align=j
  • Power Grid Corpo - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    31 Dec 2024, 6:34PM POWER GRID CORPORATION OF INDIA LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Sh
  • Power Grid Corpo - General Updates

    31 Dec 2024, 6:33PM Power Grid Corporation of India Limited has informed the Exchange about Incorporation of Joint Venture Company Rajasthan Power Grid Transmission Com
  • Power Grid Corpo - Change in Management

    31 Dec 2024, 6:30PM Power Grid Corporation of India Limited has informed the Exchange about Change in Senior Management (Cessation).
  • Power Grid Corpo - Incorporation Of Joint Venture Company 'Rajasthan Power Grid Transmission Company Limited'\r\n\r\n

    31 Dec 2024, 6:27PM Incorporation of Joint Venture (JV) Company namely Rajasthan Power Grid Transmission Company Limited (RPTCL).
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Change in Management

    31 Dec 2024, 6:23PM Disclosure under Regulation 30 - Change in Senior Management (Cessation)
  • Power Grid Corpo - Sale or disposal

    30 Dec 2024, 10:48PM Power Grid Corporation of India Limited has informed the Exchange about Sale of 26% residual equity shareholding in four Associate Companies of POWERG
  • Power Grid Corpo - Sale Of 26% Residual Equity Shareholding In Four Associate Companies Of POWERGRID

    30 Dec 2024, 10:46PM Sale of 26% residual Equity shareholding in four Associate Companies of POWERGRID.
  • Power Grid Corpo - Acquisition-XBRL

    30 Dec 2024, 6:23PM Power Grid Corporation of India Limited has informed the Exchange regarding Acquisition
  • Power Grid Corpo - Acquisition

    30 Dec 2024, 6:23PM Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Rajasthan IV 4A Power Transmission Limited by POWERGRID under T
  • Power Grid Corpo - Announcement under Regulation 30 (LODR)-Acquisition

    30 Dec 2024, 6:20PM Acquisition of Rajasthan IV 4A Power Transmission Limited by POWERGRID under TBCB route.
  • Power Grid Corpo - Trading Window-XBRL

    23 Dec 2024, 4:52PM Power Grid Corporation of India Limited has informed the Exchange about Closure of Trading Window
  • Power Grid Corpo - Trading Window

    23 Dec 2024, 4:52PM Power Grid Corporation of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Tradin
  • Power Grid Corpo - Outcome of Board Meeting

    18 Dec 2024, 12:32PM Power Grid Corporation of India Limited has informed the Exchange regarding Raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxabl
  • Power Grid Corpo - Board Meeting Outcome for Raising Of Unsecured, Non-Convertible, Non-Cumulative, Redeemable, Taxable POWER

    18 Dec 2024, 12:36PM Raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXX (80th) Issue 2024-25 on Private Placement.
  • Power Grid Corporation

    7 Mar 2025 , 9:45AM The firm was declared as a successful bidder under tariff-based competitive bidding to establish Inter-State transmission system for the project namely “Transmission System Strengthening at Kurnool-III PS for Integration of Additional RE Generation Projects” on build, own, operate and transfer (BOOT) basis. Positive
  • Power Grid wins bids for 3 interstate transmission projects under BOOT model

    5 Mar 2025 , 9:55AM Power Grid declare a successful bidder for three interstate transmission system projects
  • Power Grid Corporation of India

    5 Mar 2025 , 9:12AM Power Grid: The company was declared a successful bidder for three interstate transmission system projects under the build, own, operate and transfer basis. Positive
  • Power Grid Corporation of India

    19 Feb 2025 , 8:52AM Power Grid: Company has acquired 2 projects under the TBCB route - Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited. Positive
  • Power Grid Corporation of India

    18 Feb 2025 , 9:57AM Powergrid: Company has been declared a successful bidder for two tariff based competitive bidding (TBCB) projects in Karnataka. Positive
  • Stock update: Power Grid Q3FY2025 result update

    11 Feb 2025 , 9:52AM Stock update: Power Grid Q3FY2025 result update – Soft Q3; capex outlook encouraging
  • Power Grid Corporation of India

    17 Jan 2025 , 11:02AM Company has acquired ‘Gadag II and Koppal II Transmission Limited’ from PFC Consulting Limited under the TBCB route.
  • Power Grid Corporation

    13 Jan 2025 , 2:18PM Company has acquired Kudankulam ISTS Transmission Limited (KISTSTL) under TBCB route for Rs. 7.44 crore
  • Power Grid Corporation of India

    7 Jan 2025 , 9:12AM The company has been declared the successful bidder for two projects aimed at establishing an interstate transmission system. Positive
  • Power Grid Corporation of India

    31 Dec 2024 , 9:52AM The company acquired Rajasthan IV 4A power transmission for Rs 18.4 crore. It also sold stake in 4 associate companies for Rs. 506 cr. Positive
  • Power Grid Corporation of India

    13 Dec 2024 , 10:15AM Power Grid Corporation of India declared successful bidder under TBCB for evacuation of 2GW capacity. Positive
  • Power Grid Corporation of India

    26 Nov 2024 , 11:12AM The company has been declared as the successful bidder under the tariff-based competitive bidding in Rajasthan for 3.5GW capacity. Positive
  • Power Grid Corporation of India

    21 Nov 2024 , 11:18AM The company has been selected as the successful bidder for acquiring Khavda V-A Power Transmission to establish a transmission system for evacuation of power from potential renewable energy zones in the Khavda area of Gujarat for Rs 18.95 crore.
  • Power Grid Corporation of India

    23 Oct 2024 , 10:08AM The company declared a successful bidder for 2 significant interstate transmission projects in Rajasthan. The project is for the evacuation of 6GW of renewable energy. Positive
  • Power Grid declare as successful bidder under TBCB.

    10 Oct 2024 , 3:05PM Power Grid is successful bidder for trans system for evacuation of power from Rajasthan REZ Ph -IV
  • Power Grid Corporation of India

    24 Sep 2024 , 9:55AM PowerGrid: Company is successful bidder under Tariff Based Competitive Bidding (TBCB) route for establishing inter-state transmission system (ISTS) for Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3)” on build, own, operate and transfer (BOOT) basis. Positive
  • Power Grid Corporation of India

    20 Sep 2024 , 10:39AM Successful bidder for TBCB ISTS transmission project. The project will evacuate power from the potential renewable energy zone in the Khavda area of Gujarat. Positive
  • Power Grid Corporation of India

    19 Sep 2024 , 9:47AM Powergrid: Company has been declared as successful bidder for Inter State Transmission System (ISTS) project of new 765/400/220 KV substation at Kurawar in MP. Positive
  • Power Grid Corporation of India

    20 Aug 2024 , 9:56AM It has acquired 'Rajasthan IV E Power Transmission Limited (RIVEPTL)', a transmission company for Rs. 18.54 crore. Positive
  • Power Grid Corporation of India

    13 Aug 2024 , 10:42AM Company has received LoI for establishing the transmission system associated with 'Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)’. Positive
  • Stock update: Powergrid Q1FY2025

    31 Jul 2024 , 11:52AM Stock update: Powergrid Q1FY2025 (Consolidated) result update – Soft Q1, encouraging outlook
  • Power Grid Analyst key takeaways

    30 Jul 2024 , 11:54AM Power Grid Analyst key takeaways
  • Power Grid Corporation of India

    25 Jun 2024 , 10:35AM Powergrid: Centre has approved new Inter State Transmission System (ISTS) schemes worth Rs. 12,241 crore in Rajasthan to evacuate 4.5GW of Renewable energy. Rajasthan contributes almost 20% to the country’s solar energy capacity. Positive
  • Power grid board approves investment proposals of Rs. 810 crore

    21 Jun 2024 , 3:12PM Power Grid board gives in-principle nod to form JV with Rajasthan Rajya Vidyut Prasaran Nigam for intra-state transmission system
  • Stock update: Powergrid Q4FY2024 result update

    11 Jun 2024 , 11:02AM Stock update: Powergrid Q4FY2024 result update – Inline Q4; well positioned play on power sector
  • Power Grid Corporation of India

    11 Jun 2024 , 10:55AM Powergrid: Company has commissioned a project under ‘Reliable Communication Scheme under Central Sector for Northern Region’. Positive
  • Power Grid Corporation of India

    13 May 2024 , 9:56AM The company won bids for 2 Inter-State transmission systems in Rajasthan through the tariff based competitive bidding (TBCB) route. Positive
  • Power Grid MoU with RRVPNL to incorporate JV for intra state transmission system

    11 Mar 2024 , 12:41PM Propose JV company shall undertake projects worth upto Rs. 10,000 crore in a phased manner
  • Power Grid board approves investment of Rs. 656 cr for 2 projects

    19 Feb 2024 , 12:27PM Investment approved by Power Grid Corporation of India
  • Power Grid Corporation

    2 Jan 2024 , 10:31AM The company has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for “Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D – Phase I". Positive read through for Power Grid.
  • Power Grid Corporation

    2 Jan 2024 , 10:18AM The company has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for “Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D – Phase I". Positive read through for Power Grid.
  • Power Grid Corporation of India

    27 Dec 2023 , 11:37AM The company has commenced commercial operations at its 500 MW wind energy zone in Tamil Nadu. Additionally, it acquired Vataman Transmission for Rs 18.20 crore and the Koppal-Gadag transmission SPV in Karnataka for Rs 18.40 crore from Power Finance Corporation.
  • Power Grid declare as successful bidder under TBCB

    6 Dec 2023 , 1:59PM Power Grid receives LoI for inter-state transmission system project in Karnataka
  • Power Grid Corporation of India

    6 Dec 2023 , 10:22AM The company received an LOI to establish an inter-state transmission system project for the evacuation of an additional 7 GW of RE power from Khavda RE Park under Phase III Part B. The work comprises the establishment of a new 765/400 kV switching station at Vataman in Ahmedabad district. Positive for the stock.
  • Power Grid Corporation of India

    1 Dec 2023 , 10:50AM The company has been declared a successful bidder to establish two inter-state transmission system projects on a build, own, operate, and transfer (BOOT) basis in Rajasthan.
  • Power Grid Corporation of India

    23 Nov 2023 , 11:10AM The Committee of Directors on Investment on Projects has approved an investment of Rs 143 crore for the augmentation of transformation capacity at Maheshwaram (PG) substation in Telangana and Rs 224 crore for the transmission system for the evacuation of power from the potential RE zone in the Khavda area of Gujarat. Largely neutral given small size of investment.
  • Power Grid Corporation

    23 Oct 2023 , 12:08PM The company will invest Rs 120 crore in its Eastern Region Expansion Scheme. Neutral for Power Grid given small investment.
  • Power Grid Corporation

    28 Sep 2023 , 10:46AM The company has acquired Ananthpuram Kurnool Transmission Limited (the Project SPV) on to establish 'Transmission Scheme for Solar Energy Zone in Ananthpuram (Ananthapur) (2500 MW) and Kurnool (1000 MW), Andhra Pradesh. The company said that the acquisition cost of the project is Rs20 crore.
  • Power Grid board approves fund raising via bonds in FY24

    25 Sep 2023 , 11:35AM Power Grid board approves raising up to Rs 2,250 cr via bonds in FY24 to part finance capex requirement & loans to arms
  • Power Grid Corporation of India

    12 Sep 2023 , 10:04AM The company has been declared successful bidder under TBCB bidding to establish transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part C1. Positive read through for Power Grid. The project comprises establishment of a new 765/400kV substation along with STATCOM at Ramgarh, 765kV D/C Transmission Line and associated bays extension works at other existing substation in the state of Rajasthan. With this win, Power Grid has won 5 new TBCB projects for power transmission projects in FY25 so far and we believe that power transmission bidding activity to gain further traction given large transmission investment would be required for integration of 500 GW of RE project by 2032. Positive read through for Power Grid.
  • Power Grid declare as successful bidder under TBCB

    12 Sep 2023 , 9:59AM Power Grid Corporation of India bags 20-GW transmission system project in Rajasthan
  • Power Grid Corporation of India

    6 Sep 2023 , 10:37AM The company has been declared successful bidder under TBCB bidding to establish transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part H. Positive read through for Power Grid.
  • Power Grid Corporation of India

    17 Aug 2023 , 12:12PM NCLAT hearing on IDBI Bank's plea against Zee Entertainment on Aug 17th (today). The bank has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against Zee.
  • Power Grid Corporation

    2 Aug 2023 , 12:19PM The company’s board of directors has approved investment for implementation of 85 MW of solar PV power project Nagda (MP) at an estimated cost of Rs555 crore with implementation schedule of 10 months
  • Power Grid Corporation

    17 Jul 2023 , 10:25AM The company's board of directors has approved investment for "Implementation of Advanced Metering Infrastructure projects" at an estimated cost of Rs40,67 crore. It has also approved Revised investment proposal for ‘’Establishment of Pilot Data Centre at POWERGRID Manesar Substation’’ at an estimated cost of Rs714 crore (including GST). The company will also transfer its telecommunication business to a separate subsidiary named POWERGRID Teleservices Limited. Investment in new areas of smart metering and data centre would help diversify earnings from its core power transmission business. Positive read through for Power Grid.
  • Power Grid Corporation

    30 Jun 2023 , 11:12AM The company has approved an aggregate investment of Rs389 crore. It will invest in establishment of Telecom network for NTAMC at an estimated cost of Rs 164 crore, Western Region expansion scheme at an estimated cost of Rs 115 crore and ICT Augmentation at Navsari associated with integration of 7 GW RE power from Khavda RE park at an estimated cost of Rs 109 crore. Neural for Power Grid given investment approval size is small.
  • Power Grid Corporation of India

    10 Apr 2023 , 2:33PM POWERGRID: Company in its meeting held on 6th April, 2023 has accorded Investment Approval for “Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-1) [Bikaner complex]- Part-E” at an estimated cost of Rs. 146.66 crore scheduled to be commissioned by May, 2024.
  • Stock update – Power Grid

    31 Mar 2023 , 1:46PM Stock update – Power Grid: Pick-up in transmission bids offers optimism
  • Power Grid Corporation of India

    23 Mar 2023 , 2:12PM The company acquired six special purpose vehicles from REC Power Development and Consultancy for a cumulative consideration of Rs 80.23 crore. The SPVs have been mostly formed for the construction of Transmission Projects in Khavda region of Gujarat. Positive read through
  • Power Grid wins bid for a transmission line in Rajasthan

    9 Mar 2023 , 11:27AM Power Grid Corporation declare as successful bidder under TBCB
  • Power Grid – Buy

    8 Mar 2023 , 10:46AM Power Grid – Buy
  • Power Grid Corporation

    6 Mar 2023 , 1:16PM Power Grid: The company has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for the two transmission projects in Chhattisgarh (400kV D/C Transmission and creation of 220kV Voltage at 2 existing Sub-stations) on Build, Own Operate and Transfer (BOOT) basis. Positive read through for Power Grid.
  • Power Grid Corporation

    1 Mar 2023 , 10:59AM The company has been declared a successful bidder to establish an inter-state transmission system for Khavda Pooling Station-3 in Khavda RE Park on build, own, operate and transfer (BOOT) basis. The scope of projects includes establishment of new 765/400kV GIS Substation, 765kV D/C Transmission Line and associated works in Gujarat.
  • Power Grid Corporation

    27 Feb 2023 , 11:19AM The company’s board has approved investment of over Rs 803 crore for various electricity transmission projects in the country. Positive read through for the stock as the investment would help increase capex/asset capitalisation and support earnings growth.
  • Power Grid Corporation of India

    20 Feb 2023 , 10:59AM The company has been declared as the successful bidder under Tariff based competitive bidding (TBCB) to establish Inter-State transmission system for projects in Gujarat. The projoects include Transmission Network Expansion in Gujarat associated with integration of RE projects from Khavda potential RE zone, Inter-regional ER-WR Interconnection, Establishment of Khavda Pooling Station-2 (KPS2) in Khavda RE Park, Transmission scheme for evacuation of 4.5GW RE injection at Khavda PS under Phase II- Part B, Transmission scheme for evacuation of 4.5GW RE injection at Khavda PS under Phase II- Part C. Positive read through for Power Grid.
  • Power Grid Corporation

    17 Feb 2023 , 10:50AM The company’s wholly owned subsidiary POWERGRID Bhuj Transmission Limited has successfully commissioned transmission system for providing connectivity to RE Projects at BhujII (2000 MW) in Gujarat on Build, Own, Operate and Maintain (BOOM) basis. Positive read through for Power Grid.
  • Power Grid Corporation of India

    15 Dec 2022 , 2:45PM The company’s committee of directors on investment on projects has accorded investment approval for transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part-J at an estimated cost of Rs331 crore. Largely neutral given small size of the project.
  • Power Grid Corporation of India

    10 Oct 2022 , 12:31PM POWERGRID Bhind Guna Transmission Ltd., a wholly owned subsidiary of the company, has commissioned a 400kV substation near Guna and 220kV substation near Bhind, on build, own, operate and maintain basis with a mandate to establish intra-state transmission system in Madhya Pradesh. Positive read through for Power Grid as the commissioned would add to its asset capitalisation.
  • Stock Update: Power Grid Corporation of India

    3 Oct 2022 , 11:17AM Stock Update: Power Grid Corporation of India Ltd– Overhang gone; earnings outlook resilient
  • Power Grid Corporation

    28 Sep 2022 , 10:43AM The company's board of directors has approved an investment of Rs 328 crore to build a power transmission project, which will connect Reliance Industries Limited’s Jamnagar Refinery with Jamkhambhaliya ISTS PS. The scheduled commissioning date is September 2023. Positive read through for Power Grid as post commissioning it would aid its asset capitalisation.
  • Power Grid Corporation

    28 Sep 2022 , 10:42AM The company's board of directors has approved an investment of Rs 328 crore to build a power transmission project, which will connect Reliance Industries Limited’s Jamnagar Refinery with Jamkhambhaliya ISTS PS. The scheduled commissioning date is September 2023. Positive read through for Power Grid as post commissioning it would aid its asset capitalisation.
  • Power Grid Corporation

    27 Sep 2022 , 10:29AM As per media reports, Power Ministry has rejected a proposal wherein Power Grid Corporation was supposed to buy Power Finance Corporation’s (PFC) 52.6% stake in REC Limited. The has removed an overhang on Power Grid as the acquisition would have required Power Grid to pay ~Rs13,568 crore based on REC’s current market capitalization. We believe that this paves way for more dividend payout given stable earnings profile and limited capex plan of Rs8000 crore for FY23. We have Buy rating on Power Grid.
  • Power Grid Corporation

    22 Sep 2022 , 10:05AM As per media reports, government is in talks with Power Grid Corporation to buy Power Finance Corporation’s (PFC) 52.6% stake in REC Limited (offers a gamut of financial services that cater to entities across the power sector value chain and has current market capitalization of Rs27,096 crore). REC acquisition would help diversify business profile for Power Grid and hints at utilization of cash given recent asset monetization and limited capex plan of Rs8,000 crore for FY23. We have Buy rating on Power Grid.
  • Power Grid Corporation

    11 Jul 2022 , 11:26AM Power Grid: Power Grid has bagged an inter-state transmission project through TBCB route for evacuation of electricity from Neemuch SEZ in Madhya Pradesh. The new project would help increase asset capitalisation on successful commissioning of the project. Positive read through for Power Grid.
  • Power Grid board approves investment proposals worth Rs. 4,860 cr

    7 Jul 2022 , 2:46PM To set up JV with Nepal Electricity Authority for cross border transmission line
  • Power Grid near day's high

    21 Jun 2022 , 1:27PM Power Grid Corporation are trading with strong gains
  • Power Grid Corporation

    29 Mar 2022 , 11:19AM Power Grid: The company has approved investment of Rs823 crore in five projects for power transmission and evacuation. All the project are expected to get commissioner between February 2023 to December 2024. Positive for Power Grid as these project would aid to asset capitalisation. We have Buy rating on Power Grid.
  • Power Grid Q2FY22 results

    10 Feb 2022 , 12:23PM Power Grid Q2FY22 results – PAT beat estimate on lower tax rate
  • Power Grid Corporation

    4 Feb 2022 , 9:36AM The company has approved investment in Transmission system for evacuation of Power from Pakaldul HEP in Chenab Valley HEPs-LTA System at an estimated cost of Rs.318 crore and Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part G1 at an estimated cost of Rs. 359 crore. Investment would support asset capitalisation and is positive for Power Grid. We have Buy rating on Power Grid.
  • Power Grid to invest Rs. 322 cr to expand Power Grid Telecom biz

    31 Dec 2021 , 11:51AM Investment proposal approved for expansion of POWERGRID Telecom into Data Centre Business
  • Power Grid Corporation

    16 Dec 2021 , 10:23AM Power Grid: The company’s board of directors has approved interim dividend of Rs7/share, which implies dividend yield of 3.3% and higher than interim dividend of Rs5/share declared in December 2020. Positive for Power Grid.
  • Power Grid Corporations

    13 Dec 2021 , 12:02PM The company's board of directors will meet on December 15, 2021 to consider interim dividend for FY22. Last fiscal, the company announced interim dividend of Rs5/share in December 2020.
  • Power Grid up as board to consider dividend

    13 Dec 2021 , 10:44AM Power Grid Corporation surges over 3% to Rs. 209.55, after the company said its board will consider interim dividend
  • Stock update - Power Grid

    2 Dec 2021 , 9:37AM Stock update - Power Grid: Steady outlook ahead; New opportunities to aid growth
  • Stock update - Power Grid

    2 Dec 2021 , 9:35AM Stock update - Power Grid: Steady outlook ahead; New opportunities to aid growth
  • Power Grid Corporation of India

    11 Nov 2021 , 12:15PM Power Grid Corporation of India: The company has approved capital expenditure for procurement of telecom equipment at an estimated cost of Rs 429 crore and Regional System Strengthening Scheme to mitigate the overloading of 400 kV NP Kunta-Kolar S/C line at an estimated cost of Rs 123 crore.
  • Stock Update: Power Grid Q2FY22 result review

    11 Nov 2021 , 11:56AM Stock Update: Power Grid Q2FY22 result review - Decent Q2; capitalisation guidance provides earnings visibility
  • Power Grid Q2FY22 results

    10 Nov 2021 , 10:07AM PAT at Rs3,338 crore missed our estimate by 4% on lower other income
  • Power Grid Corporation

    13 Oct 2021 , 9:43AM The company’s board of directors has approved Investment proposal of Rs14.23 crore to set-up Electric Vehicle Charging Station in Navi Mumbai and has also incorporated wholly owned subsidiary to undertake Telecommunications and Digital Technology Business of the company. The investment in small for EV Charging Station and will not have material impact on financial of Power Grid but the move is directional positive given increasing focus on EVs. We have Buy rating on Power Grid.
  • GAIL and Power Grid

    7 Oct 2021 , 1:09PM Moody's Investor Service has raised the rating outlook assigned to GAIL and Power Grid to stable from negative keeping the rating unchanged at Baa3. This came on the back of change in rating outlook on India to stable from negative. Sentimentally positive for GAIL and Power Grid.
  • Power Grid Corporation of India

    27 Sep 2021 , 9:54AM The company plan to raise funds up to Rs.6,000 crore from the domestic market during FY2023 in twenty tranches through bonds/debentures. We highlight here that Power Grid has a robust project pipeline worth Rs. 35,100 crore and is eyeing in investment opportunity in power distribution reforms. The likely fund raising would help the company to grab the investment opportunities.
  • Power Grid Corporation

    26 Aug 2021 , 9:46AM As per media reports, the company has commissioned 765kV double circuit Vindhyachal-Varanasi transmission line through its subsidiary POWERGRID Varanasi Transmission System Limited (PVTSL). With this, the inter-regional capacity of national grid enhanced to 4,200 MW, taking total capacity of the country to 1,10,750 MW. The commissioning of power transmission line is positive for the stock as same would aid capitalisation.
  • Power Grid Corporation of India

    12 Aug 2021 , 12:01PM Power Grid: The company’s board has approved infusion of fresh equity of up to Rs425 crore in Energy Efficiency Services Ltd (EESL), a joint venture company of Power Grid, NTPC, PFC and REC. EESL is a Super Energy Service Company (ESCO) and helps in improving energy efficiency and savings in all sectors.
  • Power Grid: Stock Update

    12 Aug 2021 , 11:07AM Power Grid: Stock Update - Steady Q1; Higher capitalisation to drive growth
  • Power Grid Corporation Q1FY22 results

    11 Aug 2021 , 10:11AM PAT at Rs2916 crore (down 4.5% y-o-y) missed our estimate by 14%
  • Power Grid Corporation of India

    4 Aug 2021 , 9:40AM Power Grid Corporation of India (Power Grid): The company through its wholly owned subsidiaries (Power Grid Varanasi Transmission System Limited and Jawaharpur Firozabad Transmission Limited) has commissioned two transmission line including New WR-NR 765kV Inter-Regional Corridor under mandate to establish Vindhyachal Pooling Station - Varanasi and 400kV substation at Firozabad along with associated transmission lines under mandate to establish Transmission system for evacuation of power from 2x660 MW Jawaharpur Thermal Power Project. Positive for Power Grid as it would help increase asset capitalization (target of Rs17,000 crore) in FY2022 and drive earnings growth. We have Buy rating on Power Grid.
  • Power Grid - Stock update

    21 Jun 2021 , 9:15AM Power Grid - Stock update (Q4FY21 results): Higher capitalisation boosts Q4; asset monetization to continue
  • Power Grid Corporation Q4FY21 results

    18 Jun 2021 , 9:36AM Power Grid Corporation Q4FY21 results – PAT grew 10.5% y-o-y to Rs3516 crore, 13.4% above our estimates; recommended bonus issue in ratio of 3:1
  • Power Grid Corporation of India

    11 Jun 2021 , 9:14AM Power Grid: The company's board of directors will meet on June 17, 2021 to consider issue of bonus shares. Sentimentally positive for Power Grid.
  • Power Grid Corporation

    9 Jun 2021 , 9:35AM The company has commissioned its HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur, (Kerala) with effect from June 8, 2021. This includes Pugalur - Trichur 2000MW VSC based HVDC system and ±320kV 1000 MW (Mono Pole-I) HVDC terminals each at Pugalur (HVDC Station & North Trichur (HVDC Station). The company also acquired Sikar-II Aligarh Transmission Limited (SATL), the Project SPV to establish Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-D. Positive for Power Grid as commissioning of HVDC Bipole would improve capitalisation and aid to earnings in FY2022. We have Buy rating on Power Grid.
  • Power Grid Corporation of India

    7 Jun 2021 , 10:06AM Power Grid Corporation of India: The company acquired Sikar New Transmission Limited (SNTL) and Fatehgarh Bhadla Transco Limited (FTBL), the Project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II – Part C. We highlight here that Power Grid has recently won 5 new orders from Rajasthan worth Rs5,000-5,500 crore and expected to be executed in next 18 months and is Positive for Power Grid. We have Buy rating on Power Grid.
  • Power Grid Corporation

    24 May 2021 , 9:11AM Power Grid: The company’s board of directors has approved total capital expenditure plan of Rs2200 crore. Out of this majority of would be spent on transmission projects in Rajasthan (Rs1185 crore on Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan under phase II) and North Eastern (Rs576 crore on North Eastern Region Strengthening Scheme-XII). Capex would increase asset capitalisation and drive earnings growth for Power Grid. We have Buy rating on Power Grid.
  • Power Grid Corporation of India

    26 Apr 2021 , 9:32AM As per media reports, Power Grid is likely to hold a press conference today to announce launch of its first InvIT IPO (expected on April 29, 2021) for 5 TBCB assets with likely IPO size of ~Rs7,700 crore. Monetisation of assets would help in value unlocking and proceeds could provide room for higher dividend payout given limited capex plans of Rs10500 crore/Rs7500 crore for FY2021E/FY2022E. We have Buy rating Power Grid.
  • Power Grid Corporation of India

    23 Apr 2021 , 9:07AM As per media reports, Power Grid is expected launch its first InvIT IPO on April 29, 2021 for 5 TBCB assets with likely IPO size of ~Rs7,700 crore. Monetisation of assets would help in value unlocking and proceeds could provide room for higher dividend payout given limited capex plans of Rs10500 crore/Rs7500 crore for FY2021E/FY2022E. We have Buy rating Power Grid.
  • Power Grid Corporation

    26 Mar 2021 , 9:07AM The company has acquired Bikaner-II Bhiwadi Transco, the project SPV to establish Transmission System Strengthening Scheme for evacuation of power from solar energy zones in Rajasthan (8.1GW). The cost of acquisition is at Rs20.50 crore. The transmission system comprises establishment og a new 400kV Switching Substation, STATCOM, and substation extension works and 400kV DIC Transmission lines which traverse in Rajasthan and Haryana. We highlight here that Power Grid has recently won 5 new orders from Rajasthan worth Rs5,000-5,500 crore and expected to be executed in next 18 months and is Positive for Power Grid. We have Buy rating on Power Grid.
  • Power Grid Corporation of India

    22 Mar 2021 , 9:32AM The company has signed a Share Purchase Agreement with Jaiprakash Power Ventures (JVPL) for acquisition of 74% stake of JVPL in Jaypee PowerGrid Limited (JPL) at an aggregate cost of Rs351 crore. As a result, JPL will become a wholly owned subsidiary of Power Grid. JPL has set up transmission system comprising of 400 kV Quad Bundle Conductor Double Circuit Line from Karcham Wangtoo (Himachal Pradesh) to Abdullapur (Uttar Pradesh). Potential turnaround of JPL could create value for Power Grid.
  • Power Grid Corporation

    12 Mar 2021 , 9:33AM The has commercialised HVDC Bipole Link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) from March 9, 2021. This is a positive development and would result into strong capitalisation in Q4FY2021 (expected at ~Rs8,000-9,000 crore given 9MFY2021 capitalisation of Rs12,574 crore and FY2021 guidance of Rs21,000 crore). Also, the company has announced the separation of Power Grid and the function of Central Transmission Utility from April 1, 2021 and the same would not have any impact on the financials of Power Grid. Commercialisation of 800KV 1500 MW (Pole-II) HVDC terminal at Raigarh-Pugalur project is positive for Power Grid. Others
  • Power Grid Corporation acquires Ramgarh New Transmission

    10 Mar 2021 , 11:33AM Power Grid Corp acquires Ramgarh New Transmission for Rs 5.61 crore
  • Power Grid Corporation of India

    10 Mar 2021 , 9:35AM The company has acquired Ramgarh New Transmission Ltd (project SPV) he Bid Process Coordinator - REC Power Distribution Company. Power Grid will establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW). The cost of acquisition is at Rs 5.61 crore. We highlight here that Power Grid has recently won 5 new orders from Rajasthan worth Rs5,000-5,500 crore and expected to be executed in next 18 months. Also, Power Grid is likely to soon launch INvIT for its 5 TBCB transmission assets worth Rs7200 crore, which could help in value unlocking through asset monetisation.
  • Power Grid Corporation

    2 Mar 2021 , 10:22AM Power Grid Corporation of India: Board of Directors have approved second interim dividend of Rs4/share FY2021. With this the company has declared dividend of Rs9/share, which implies dividend yield of 4%. We have Buy rating on Power Grid.
  • Power Grid Corporation

    23 Feb 2021 , 3:34PM Power Grid: The company’s board of directors will meet March 01, 2021 to consider and declare second interim dividend for FY2021. The company has fixed March 09, 2021 as the record date for dividend. We highlight here that Power Grid has limited capex of Rs10,500 crore for FY2021 and plan to monetise TBCB assets worth Rs7,200 crore before March 2021. Thus, we can expect high dividend pay-out from Power Grid. Positive read through for Power Grid.
  • Power Grid Corporation

    17 Feb 2021 , 1:52PM Power Grid: The company has been declared successful bidder under Tariff-based competitive bidding to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part D and Part F on build, own operate and maintain (BOOM) basis. The Transmission system comprises establishment of a new 765/400Kv transmission line, associated substations extension works in Rajasthan and UP, new 400/220kV Substation, STATCOM, and substation extension works in Rajasthan and also 400kV DIC Transmission lines which traverse in Rajasthan and Haryana. Wining of new orders (total 5 orders including the two announced today is worth Rs5,000-5,500 crore) is positive and improves earnings visibility as the orders are expected to get commercialised going forward. We have Buy rating on Power Grid.
  • Power Grid declare as successful bidder for 2 projects in Rajasthan

    17 Feb 2021 , 12:38PM Power Grid declare as successful bidder under Tariff based Competitive Bidding (TBCB.)
  • Power Grid Corporation – Stock update

    15 Feb 2021 , 2:06PM Power Grid Corporation – Stock update (Q3FY21 results): Capitalisation to drive growth; Asset monetisation key catalyst
  • Power Grid Corporation Q3FY21 results

    12 Feb 2021 , 10:32AM Power Grid Corporation Q3FY21 results – PAT grew strongly 24% y-o-y and was 4.7% above our
  • GAIL and Power Grid

    8 Feb 2021 , 1:37PM As per media reports, a meeting of group of cabinet secretaries is expected to meet today to decide on monetisation of assets of PSUs like GAIL and Power Grid. We highlight here that in the recent budget government had proposed to monetise pipeline assets of GAIL and power transmission assets of Power Grid. Any decision on the same will be positive for GAIL and Power Grid as asset monetisation would result in value unlocking and potential higher dividends. We have Buy rating on GAIL and Power Grid.
  • Power Grid Corporation

    2 Feb 2021 , 10:05AM The company has been declared successful bidder under Tariff-based competitive bidding to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part C on build, own operate and maintain (BOOM) basis. The Transmission system comprises establishment of a new 765/400kV Substation, 765kVD/C and 400kV D/C Transmission lines and associated substation extension works in Rajasthan.
  • Power Grid Corporation

    1 Feb 2021 , 10:24AM Power Grid: The company has been declared as successful bidder under Tariff based competitive bidding to establish transmission systems strengthening scheme for evacuation of power from Solar Energy zones in Rajasthan (8.1 GW) under phase II. The Transmission system comprises establishment of a new 400/220kV Substation, 400kV D/C Transmission lines and associated Substation extension works in Rajasthan
  • Power Grid Corporation

    28 Jan 2021 , 3:44PM Power Grid Infrastructure Investment Trust (PGInvIT), has filed a draft offer document with SEBI, in relation to the proposed IPO. The IPO is proposed to consist of a fresh issue of units by PGInvIT and an offer for sale of units by Power Grid. We highlight here that Power Grid has set aside five TBCB assets for a proposed sale to Infrastructure InvIT and assets are worth Rs. 7,164 crore versus corresponding liabilities of Rs. 280 crore. In our view, proceeds from InvIT could be used for one-time special dividend given limited capex plan of Rs10,500 crore.
  • Power Grid Corporation of India

    14 Jan 2021 , 2:16PM The company has signed the Termination Agreement amongst Reliance Infrastructure and Parbati Koldam Transmission Company (PKTCL) terminating the Shareholders' Agreement, which was executed between Power Grid, Reliance lnfra and PKTCL to form a joint venture company named PKTCL (Power Grid stake of 26% and Reliance Infra stake of 74%). Reliance lnfra had proposed to sell its entire shareholding of 74% in PKTCL to a third party.
  • Power Grid Corporation of India

    14 Dec 2020 , 9:36AM Board of Directors approved interim dividend of Rs5/share or FY21, which translates into dividend yield of 2.6%. The dividend will be paid on January 8, 2021. We highlight here that Power Grid had declared dividend of Rs10. Sentimentally positive for Power Grid.
  • Power Grid Corporation Q2FY21 results

    12 Nov 2020 , 10:35AM Power Grid Corporation Q2FY21 results – In-line PAT at Rs3,117 crore (up 23.4% y-o-y) led by higher other income and strong
  • Power Grid Corporation

    9 Sep 2020 , 10:02AM The Cabinet Committee on Economic Affairs has approved asset monetization of subsidiaries of PGCIL through Infrastructure Investment Trust (InvIT). The approval would facilitate monetsation of its identified operational Tariff Based Competitive Bidding (TBCB) assets through InvIT and the proceeds would be utilised for new investment in expansion of transmission network. In the first block, PGCIL would be able to monetize 5 TBCB assets worth Rs7,164 crore. The asset would monetisaton would be positive for PGCIL as it would help in value unlocking. We have Positive view on PGCIL.
  • GAIL, Power Grid

    2 Sep 2020 , 2:08PM As per media reports, government is expected to soon float cabinet note seeking to monetise assets of Power Grid and GAIL (India) and expect the exercise to fetch ~Rs20,000 crore – Positive read through for GAIL and Power Grid as it would help in value unlocking of assets.
  • Power Grid inks MoU with ACTREC to build modular operation theatre

    26 Aug 2020 , 11:16AM Power Grid Corporation inks MoU with ACTREC for construction of an operation theatre complex in Navi Mumbai
  • Power Grid Corporation of India

    12 Aug 2020 , 11:17AM Power Grid – Viewpoint (Q1FY21 results): Rebate impacted Q1; capitalisation target offers earnings visibility
  • Power Grid Corporation

    11 Aug 2020 , 10:31AM PAT below our and street estimates; earnings impacted by rebate of Rs1,075 crore to discoms and higher tax outgo
  • GAIL and Power Grid

    16 Jul 2020 , 11:27AM The department of telecom (DoT) has withdrawn all the provisional demand notices towards license fee (including interest and penalty) against GAIL (AGR demand of Rs183,076 crore) and Power Grid. This was well known as the government had already announcement withdrawal of AGR dues against PSUs post the SC order. This is a big relief for GAIL and Power Grid as removes the long pending overhang of AGR dues. We have Positive view on GAIL and Power Grid.
  • Power Grid Corporation of India

    13 Jul 2020 , 11:58AM The committee of directors of Power Grid has accorded investment approval for 'Eastern Region Strengthening Scheme-XXIII (ERSS-XXIII)', at an estimated cost of Rs240 crore with commissioning schedule of transmission project within 11 months from the date of investment approval.
  • Power Grid Corporation

    23 Jun 2020 , 11:44AM Power Grid Corporation – Q4FY20 results (Viewpoint): Steady Q4 performance; Robust capitalisation and order pipeline
  • Power Grid Corporation of India

    22 Jun 2020 , 11:33AM Power Grid Corporation of India Ltd Q4FY20 results – PAT above our estimates; strong 33% rise in operating cashflow in FY20 and dividend yield of 6%
  • Power Grid Corporation of India

    8 Jun 2020 , 12:37PM The board of directors of Power Grid has approved one-time consolidated rebate of Rs 1,075 crore (9% of FY2021E PAT) to distribution companies (discoms) and power departments of states and union territories. The development was well anticipated as power ministry has sent a letter to Power Grid in May 2020 to consider to offer discoms rebate of ~20-25% on inter-state transmission charges for the lockdown period on account of COVID-19 pandemic. We highlight here that it is a one-time rebate and does not impact the regulated return model of Power Grid.
  • Power Grid Corporation

    5 Jun 2020 , 11:19AM Department of Telecommunication (DoT) has revised assessment order in respect of NLD license for the FY2007 to FY2010 and asked Power Grid to pay Rs13,614 crore on account of license fee including interest, penalty and interest on penalty. Earlier, Power Grid has received AGR dues demand of Rs21,954 crore (including interest and penalty upto the date of respective orders) from DoT for FY2013 to FY2018. We highlight here that license fee is calculated by adding non-telecom revenue (transmission and consultancy) for Adjusted Gross Revenue (AGR) and hence we believe that the same is not legally tenable
  • NTPC and Power Grid Corporation

    7 Apr 2020 , 12:34PM As per media reports, CERC (Central Electricity Regulatory Commission) have relaxed tariff regulations in order to provide relief to discoms. Under the revised norms, the late payment surcharge by distribution companies to power generators will be reduced to 1% per month from 1.5% in case of delay in bills presented between March 24 and June 30, 2020 for beyond 45 days. The discoms can claim the relief in terms of the force majeure provisions of the respective power purchase agreements – negative read through for NTPC and Power Grid as the move would impact their earnings as other income could decline due to lower surcharge income and increase in outstanding dues from discoms given delay in payments.
  • Power Grid Corporation of India

    4 Feb 2020 , 12:40PM Power Grid Corporation of India – Viewpoint: Steady earnings performance; Strong order pipeline
  • Power Grid Corporation of India

    1 Feb 2020 , 10:00AM The board of directors of the company has accorded investment approval for transmission system for providing connectivity to RE projects at Bikaner (PG), Fatehgarh-11 and Bhadla-11 at an estimated cost of Rs563 crore with commissioning schedule of 12 months from the date of investment approval - positive read through for Power Grid Corporation.
  • Power Grid Corporation of India

    1 Feb 2020 , 8:58AM Power Grid Corporation of India Ltd Q3FY20 results – Operating profit marginally below estimates due to miss in revenues; PAT above our estimate
  • Power Grid Corporation of India

    27 Jan 2020 , 12:16PM The company has filed an application with the Supreme Court seeking clarification on the AGR judgment. We highlight here that PGCIL has received provisional assessment order from DoT for Rs21,954 crore for AGR dues. We believe that DoT order is not tenable as the AGR dues are calculated by addition of non-telecom revenue as miscellaneous income in AGR. We have Positive view in PGCIL as strong order book provide healthy earnings growth visibility and valuations at 1.4x FY21E P/BV also seems attractive.
  • Power Grid Corporation

    20 Jan 2020 , 12:25PM POWERGRID Southern Interconnector Transmission System Limited, a subsidiary of Power Grid Corporation, has secured Tariff Based Competitive Bidding (TBCB) comprising Vemagiri-II - Chilakaluripeta 765kV D/C line, Chilakaluripeta - Cuddapah 765kV D/C line, Chilakaluripeta - Narsaraopeta (Sattenapalli) 400kV (quad) D/C line, Cuddapah - Madhugiri 400kV (quad) D/C line, Srikaukulam Pooling Station - Garividi 400 kV (Quad) D/C line and 765/400 kV substation at Chilakaluripeta on Build, Own, Operate and Maintain (BOOM) basis and has been successfully commissioned the unit – Positive read through for Power Grid Corporation.
  • Power Grid acquires Rampur Sambhal Transco

    13 Dec 2019 , 2:39PM Power Grid acquires Rampur Sambhal Transco under TBCB route
  • Power Grid Corporation of India

    25 Nov 2019 , 1:08PM The company has stated that it has been declared successful bidder into two intra-state transmission projects in Uttar Pradesh under tariff based competitive bidding (TBCB) – Positive read through
  • Power Grid Corporation of India

    13 Nov 2019 , 11:37AM Power Grid Corporation of India: Viewpoint – Steady earnings growth; Asset monetisation key monitorable
  • Power Grid Corporation of India

    3 Oct 2019 , 1:13PM Power Grid Corporation of India (PGCIL): Board of Directors given in-principle approval for asset monetization through Infrastructure Investment Trust (lnvlT) and have also approved investment of Rs94.2 crore for utilization of transmission line towers for telecom business at 500 locations - positive read through for PGCIL.
  • Govt is considering to sell transmission lines of PGCIL

    25 Sep 2019 , 11:01AM As per media reports, government is considering to sell transmission lines of PGCIL and committee on PSU asset monetisation is believed to approved the proposal – Big positive for PGCIL as divestment would help value unlocking.
  • PGCIL wins bid for inter-state transmission project

    13 Sep 2019 , 2:00PM Company to set up transmission systems for LTA applications from Rajasthan SEZ Part-B
  • Power Grid board approves investment in solar energy zones

    28 Aug 2019 , 10:51AM Power Grid Corporation of India (PGCIL): Board of Directors of PGCIL has approved investment in transition system for solar energy zones in Rajasthan at an estimated cost of Rs2,578.5 crore with commissioning schedule for the project as December 2020 – positive read through for PGCIL.
  • Power Grid board nods investment in solar project in Rajasthan worth Rs. 2,578 crore

    28 Aug 2019 , 10:13AM Board to invest in transmission systems for Solar Energy Zones in Rajasthan
  • Power Grid Corporation Q1 net profit rises by 8.3% YoY

    2 Aug 2019 , 1:05PM Power Grid Corporation of India Ltd Q1FY20 results – largely in-line operating profit as miss in revenues gets offset by beat in EBITDA margin at 89.7% (up 445bps y-o-y)
  • Power Grid board approves investment worth Rs. 379 crore

    4 Jan 2019 , 11:51AM Board approved investment in two projects at meet on January 03
  • Power Grid declare as successful bidder

    6 Dec 2018 , 10:28AM Power Grid Corporation declare as successful bidder under Tariff based competitive bidding
  • PowerGrid sees ₹50000-cr opportunity in green transmission corridors

    5 Oct 2018 , 11:39AM PowerGrid Corporation of India: The company sees Rs 50,000 crores opportunity in the next 2-3 years towards green transmission corridors, as nearly 60,000 MW addition is expected by 2022 to meet the Central Government target of 100 GW of solar power in the grid – Positive read through for the stock
  • Power Grid approves investment plan for various projects

    21 Sep 2018 , 12:22PM Power Grid Corporation of India has approved the investment plans amounting to Rs. 659.83 crores for various projects to be completed within 30-36 months – Positive read through for the stock
  • Powergrid Corporation (PGCIL): Q1FY2019 result review

    1 Aug 2018 , 10:50AM Powergrid Corporation (PGCIL): Q1FY2019 result review- Inline performance
  • Power Grid Corporation (PGCIL): Q4FY2018 result review- Growth momentum to continue

    31 May 2018 , 10:53AM We reiterate our Positive view on the stock. However, recent improvement in the stock price limits our upside to 10-12% in a year.
  • Power Grid - Bottomline declined by higher depreciation

    30 May 2018 , 10:36AM We have positive view on the stock and would come with detailed note soon.
  • TBCB declared company as successful bidder for 'New WR-NR 765 kV Inter-Regional Corridor

    12 Mar 2018 , 10:28AM Positive read through for Power Grid Corporation Ltd as TBCB declared company as successful bidder for 'New WR-NR 765 kV Inter-Regional Corridor.
  • Power Grid emerges as the lowest bidder for the transmission project

    7 Mar 2018 , 9:46AM Positive read through for Power Grid Corporation as it emerged as the lowest bidder for the transmission project to connect northern and western regions via 765 kV Inter-regional corridor under an auction conducted by the REC arm RECTPCL.
  • PowerGrid emerges as lowest bidder to establish Vindhyachal

    19 Feb 2018 , 10:22AM Positive read through for PowerGrid as it emerges PowerGrid (PGCIL) emerges as lowest bidder to establish Vindhyachal, Varanasi 765kV transmission line.
  • Power Grid shows steady earning visibility in Q3FY18

    5 Feb 2018 , 4:35PM Power Grid Corporation (PGCIL) reported Q3FY2018 topline growth of 12% y-o-y to Rs. 7,405 crore due to 14% y-o-y growth in the transmission segment. The transmission segment’s growth was led by commissioning of major projects such as Aurangabad-Padghe, Ajmer-Chittorgarh, Aurangabad-Boisar, Kala-Kudus, Padghe-Kudus and Kurukshetra-Jind during the period.
  • Power Grid reports strong Q3FY18 results

    2 Feb 2018 , 12:54PM Lower capitalization coupled with higher depreciation and interest cost impacted earnings for Power Grid
  • Power Grid board accords investment approval

    10 Jan 2018 , 11:14AM Power Grid Corp board approves a Rs92 crore investment in Tumkur Ultra Mega Solar Power Park
  • Railways may put 30,000 km of power lines

    22 Nov 2017 , 12:11PM Stock to be in focus: Powergrid Corporation, KEC International, Kalpataru Power Ltd
  • Power Grid Corporation Q2 results show strong near-term outlook

    7 Nov 2017 , 10:00AM Power Grid Corporation of India Ltd (PGCIL) Q2FY2018 numbers were broadly in line with our estimates. Viewpoint Q2FY2018 result review: Reiterate positive view
  • Powergrid Q2 earnings broadly in line with estimates

    3 Nov 2017 , 1:16PM PGCIL revenues stood in line with our estimates to Rs7253 crore, growth of 16% YoY. Topline growth was driven by 16% YoY growth in transmission segment to Rs7063 crore led by higher capitalization of transmission assets in Q2FY2018.
  • Powergrid to contribute in full electrification of Railways

    27 Oct 2017 , 9:05AM Positive news for Powergrid as Railways target full electrification with Rs 35,000-crore plan.
  • Power Grid gains after winning contract

    18 Oct 2017 , 12:18PM Power Grid rises by 3% to Rs211.25, after company wins bid to establish eastern region strengthening scheme
  • PowerGrid declared as successful bidder under TBCB - positive

    18 Oct 2017 , 9:07AM Under Tariff Based Competitive Bidding (TBCB), PowerGrid has been declared as successful bidder to establish ‘Eastern Region Strengthening Scheme – XXI (ERSS–XXI)’ on Build Own Operate Maintain (BOOM) basis.
  • Power Grid enters into loan agreement with ADB

    18 Aug 2017 , 2:40PM Power Grid enters into loan agreement on August 17, 2017 with Asian Development Bank for an amount of $500 million
  • Powergrid board approves investment of Rs1931 Cr

    17 Aug 2017 , 3:24PM Powergrid board approves investment of Rs1931crore and raising of rupee term loan up to Rs3270crore - Neutral read thru.
  • View Point: Power Grid Corporation

    3 Aug 2017 , 4:27PM Power Grid Corporation of India reports 18.5% growth in revenue to Rs.7,251 crore in Q1FY2018

Key fundamentals

Evaluate the intrinsic value of Power Grid Corporation of India Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 210315.67 209427.86 210816.84 200458.91 202860.8
Liabilities 210315.67 209427.86 210816.84 200458.91 202860.8
Equity 9300.6 6975.45 6975.45 5231.59 5231.59
Gross Profit 36754.82 37273.8 34921.71 33055.94 31401.72
Net Profit 15474.61 15333.02 17093.76 11935.78 10811.18
Cash From Operating Activities 34790.13 35268.25 24640.2 27532.46 29530.1
NPM(%) 36.5 35.37 42.81 31.68 29.87
Revenue 42391.16 43343.05 39928.09 37665.65 36185.54
Expenses 5636.34 6069.25 5006.38 4609.71 4783.82
ROE(%) 16.8 16.65 18.56 12.96 11.74

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
07 Feb 2025 3.25 32.5 4.2 283.95
14 Nov 2024 4.5 45 4.2 320.55
16 Aug 2024 2.75 27.5 4.2 325.75
15 Feb 2024 0 0 4.2 253.95
16 Nov 2023 4 40 4.2 199.5
08 Aug 2023 4.75 47.5 4.2 233.7
08 Feb 2023 5 50 4.2 225.1
19 Aug 2022 2.25 22.5 4.2 224.6
16 Feb 2022 5.5 55 4.2 212.95
22 Dec 2021 4 40 4.2 202.65
08 Sep 2021 3 30 4.2 239.85
08 Mar 2021 4 40 4.2 226.1
17 Dec 2020 5 50 4.2 193.5
02 Sep 2020 4.04 40.4 4.2 178.6
16 Mar 2020 5.96 59.6 4.2 186.45
19 Aug 2019 2.5 25 4.2 190.15
14 Mar 2019 5.83 58.3 4.2 181.9
10 Sep 2018 2.8 28 4.2 207
08 Feb 2018 2.45 24.5 4.2 195.85
11 Sep 2017 3.35 33.5 4.2 207.95
16 Feb 2017 1 10 4.2 204.55
08 Sep 2016 1.51 15.1 4.2 150.85
03 Feb 2016 0.8 8 4.2 138.15
07 Sep 2015 1.31 13.1 4.2 143.1
04 Sep 2014 1.31 13.1 4.2 125.05
04 Mar 2014 1.27 12.7 4.2 95
05 Sep 2013 1.14 11.4 4.2 112.5
15 Feb 2013 1.61 16.1 4.2 111.5
05 Sep 2012 1.31 13.1 4.2 107.35
13 Feb 2012 0.8 8 4.2 100.85
06 Sep 2011 1.25 12.5 4.2 98.8
11 Feb 2011 0.5 5 4.2 98.4
07 Sep 2010 1 10 4.2 103.2
11 Jan 2010 0.5 5 4.2 108.8
21 Aug 2009 0.7 7 4.2 122.85
04 Feb 2009 0.5 5 4.2 87
01 Sep 2008 0.7 7 4.2 89.25
10 Mar 2008 0.5 5 4.2 101.2

Peers

Other companies within the same industry or sector that are comparable to Power Grid Corporation of India Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Adani Power Ltd 512.00 -0.07 15.14 103211.71 540.03 0.00
GVK Power and Infrastructure Ltd 3.71 -1.59 0.98 42259.39 12.92 0.00
India Power Corporation Ltd 11.34 -1.13 70.88 26058.62 17.64 0.44
Inox Wind Energy Ltd 8590.65 0.88 57.67 322.40 -560.38 0.00

Company Info

The Company was incorporated on October 23, 1989 under the Companies Act 1956 as `National Power Transmission Corporation Limited', with the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems country. We received a certificate for commencement of business on November 8, 1990. The name of the Company was changed to its present name `Power Grid Corporation of India Limited' and a fresh certificate of incorporation was issued on October 23, 1992. The name of the Company was changed to its present name from `National Power Transmission Corporation Limited' as its then abbreviated form, `NPTC Limited', had close resemblance to another existing company, namely, NTPC Limited (NTPC). As on September 30, 2013, the total number of holders of Equity Shares of the Company was 850,252. The Company is presently listed on the BSE and the NSE. For further information on The business including description of the activities, services, market of each segment,The growth, technology, market, managerial competence and capacity build-up, The standing with reference to The prominent competitors, The Company is not operating under any injunction or restraining order. Transfer of transmission assets from generating units Initially, The Company was engaged in the management of the transmission assets owned by the central power generating companies such as the NTPC, NHPC Limited (NHPC) and North-Eastern Electric Power Corporation Limited. Pursuant to the National Thermal Power Corporation Limited, the National Hydroelectric Power Corporation Limited and the North-Eastern Electric Power Corporation Limited (Acquisition and Transfer of Power Transmission Systems) Act, 1993 (Power Transmission Systems Act) the right, title and interest of these three power generating companies in relation to the power transmission system, comprising the main transmission lines, including the extra high voltage alternative current transmission lines and the HVDC lines, and sub-stations, owned by them, were acquired by the GoI and transferred to the Company, with effect from April 1, 1992. Under the Power Transmission Systems Act, The Company acquired all the rights, liabilities, assets, leaseholds, powers, authorities and privileges and all movable and immovable property relating to the power transmission systems owned by the three generating companies. The Power Transmission Systems Act also provided that all employees of the three generating companies who were associated with power transmission systems would be deemed to be the employees of the Company. The right, title and interest of Neyveli Lignite Corporation Limited in the power transmission system were transferred to the Company with effect from April 1, 1992 under the Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994. The transmission business of Nuclear Power Corporation Limited, including ongoing and new projects was transferred to The Company with effect from August 1991. The transmission assets of Tehri Hydro Development Corporation Limited have also been transferred to the Company with effect from August 1993, pursuant to memorandum of understanding executed with the Company. National and Regional Load Despatch Functions In 1994, the GoI entrusted The Company with the further responsibility of controlling the existing load despatch centres in the country with a view to achieve better grid management and operation. Pursuant to this decision, the control of the five regional load despatch and communication centres was transferred to The Company in a phased manner between 1994 and 1996. The Company has undertaken the ULDC and communication project (ULDC Project) under which modernized load despatch facilities have been established in each of the five regional centres. The implementation of the ULDC Project has, amongst other things, caused the reduction of grid disturbances, improved grid reliability and facilitated the effective implementation of availability based tariff. NLDC main and back-up commenced commercial operation with effect from April 1, 2009. The NLDC is responsible for monitoring the operations and grid security of the national grid and supervises the scheduling and despatch of electricity over inter-regional lines in coordination with the RLDCs. The wholly-owned subsidiary, POSOCO, was incorporated in March 2009 to oversee the grid management function of the operations. It received the certificate of commencement of business under the Companies Act 1956 in March 2010 and commenced operations in October 2010. Accordingly, movable assets relating to RLDCs and NLDC and related documents have been transferred to POSOCO and are in operation under POSOCO since October 1, 2010. Designation as the CTU The Company was notified as the Central Transmission Utility by the GoI on December 31, 1998. We continue to be the CTU under the Electricity Act as per the notification issued by the GoI on November 27, 2003. Amongst other functions, as CTU we are required to (a) undertake transmission of electricity through the interstate transmission system; (b) discharge all functions of planning and co-ordination relating to inter-state transmission systems, with certain specified authorities and stakeholders; (c) ensure development of an efficient, coordinated and economical system of inter-state transmission lines for smooth flow of electricity from generating stations to load centres; and (d) provide non-discriminatory open access to its transmission system for use by any licensee or generating company on payment of transmission charges and to any consumer on payment of transmission charges and a surcharge thereon in accordance with the Electricity Act. Under the Electricity Act, the CTU is required to undertake the functions of the RLDC which is responsible for (a) optimum scheduling and despatch of electricity within the region, in accordance with the contracts entered into with the licensees or the generating companies operating in the region; (b) monitor grid operations; (c) keep accounts of quantity of electricity transmitted through the regional grid; (d) exercise supervision and control over the inter-state transmission system; and (e) carrying out real time operations for grid control and despatch of electricity within the region through secure and economic operation of the regional grid in accordance with the grid standards and grid code. POSOCO has been entrusted with the responsibility to operate the RLDC pursuant to a notification dated September 27, 2010 issued by the GoI. Accordingly, POSOCO is responsible for overseeing the grid management function of the RLDCs and NLDC. However, the National Electricity Policy states that the existing arrangement of CTU operating the RLDCs will be reviewed by the GoI based on the experience of working with the existing arrangement. Navratna Company On May 1, 2008, The Company was notified as a Navratna company by the GoI, through notification (DPE OM No. 26(3)/2005-GM-GL-92). As a Navratna company, we are eligible for enhanced delegation of powers to the Board, including (a) power to incur capital expenditure for setting up new projects or expansion of existing projects, without governmental approval; (b) ceiling on equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad of 15% of the net worth of the Company in one project limited to Rs.10,000 million and the overall ceiling on such investments in all projects put together of 30% of the net worth of the Company; (c) power to enter into merger and acquisitions subject to certain conditions; and (d) power to further delegate the powers relating to human resource management (appointments, transfers, postings etc,) of below Board level executives to sub-committees of the Board or to executives of the Company as may be decided by The Board. Role in distribution reforms and rural electrification The Company has been assigned a significant role in relation to implementation of projects under the Rajiv Gandhi Grameen Vidyutikaran Yojana Scheme for Rural Electricity Infrastructure & Household Electrification (Rural Electrification Programme) for accelerated electrification of rural households to be undertaken in association with REC, the concerned state government and state power utility. Major events 1989 - The Company was incorporated as `National Power Transmission Corporation Limited'. 1991 - Transmission assets from Nuclear Power Corporation Limited were transferred to the Company. 1992 - Transmission assets from NTPC, NHPC and North-Eastern Electric Power Corporation Limited were transferred to the Company, with effect from April 1, 1992, pursuant to legislation promulgated by the Parliament. The name of the Company was changed from `National Power Transmission Corporation Limited' to `Power Grid Corporation of India Limited'. 1993 - Transmission assets of Tehri Hydro Development Corporation Limited were transferred to the Company pursuant to a memorandum of understanding executed between the parties. 1994 - The Company entered into a memorandum of understanding with the MoP, which is revised annually. We achieved the highest rating of `Excellent' under the memorandum of understanding. Transmission assets from Neyveli Lignite Corporation Limited were transferred to the Company, with effect from April 1, 1992, pursuant to legislation promulgated by the Parliament. 1996 - Five Regional Load Despatch & Communication Centres were in the management of the Company 1998 - The Company formulated an Environment and Social Policy and Procedures Code to deal with environmental and social issues relating to its transmission projects. The Company was formally notified as a CTU by the GoI. The Company was declared as a Mini Ratna Category I public sector undertaking by the GoI. 2002 - The unified load despatch and communications schemes for the northern and southern regions were commissioned. Part of the Sasaram HVDC back to back transmission system developed by The Company was commissioned contributing towards the development of the first phase of the construction of the National Grid. The Company was issued a registration for Infrastructure Provider Category- I (IP-I) from Director (BS-III), Ministry of Communications and Information Technology. 2003 - The Company entered into a joint venture arrangement with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project. The 400 kV Raipur-Rourkela transmission line developed by The Company was commissioned and the Western region, Eastern Region and North-Eastern Region began operating in a synchronized manner with a cumulative capacity of 50,000 MW. - The Company secured its first international consultancy contract from Bhutan Telecommunications. - The Company was granted the License for maintaining and operating Internet Service on a non-exclusive basis in India pursuant to the License Agreement dated May 29, 2003 entered into with the Assistant Director General (LR V), DoT. 2004 - The Company entered into an MoU with REC for undertaking rural electrification works under the Rajiv Gandhi Grameen Vidyutikaran Yojana. 2005 - The unified load despatch and communications scheme for the eastern region was commissioned. 2006 - The unified load despatch and communications scheme for the western region was commissioned. - The Company was granted the license for installing, operating and maintaining the national long distance service network and providing national long distance service on a non-exclusive basis within the territorial boundaries of India pursuant to the License Agreement dated July 5, 2006 entered into with the Director (BSIII), DoT. 2007 - Dedication of transmission system associated with Tala Hydro-Electric Project by the Prime Minister Dr. Manmohan Singh. Listing of our Equity Shares on the Stock Exchanges through an initial public offer. 2008 - The Company was declared as a Navratna public sector undertaking by the GoI. 2009 - The National Load Despatch Centre was established. - The Subsidiary, Power System Operation Corporation Limited, was incorporated - The 220 kV Double Circuit Transmission line from Pul-e-Khumri to Kabul Transmission System (230 kms) in Afghanistan was completed. - Commissioning of the 220/110/20 kV Chimtala sub-station at Kabul, Afghanistan. - Commissioning of the commercial operations of the National Load Despatch Centre. 2010 - The Company was selected as a consortium member to implement the National Knowledge Network Project, a telecommunication infrastructure project. The Company entered into an MoU with Jamia Millia Islamia University for among other things, providing expert opinion and knowledge support in areas for deployment of new technology such as sub stations automation, System Operator in Supervisory Control And Data Acquisition technology/ EMS, etc. 2011 - The Company participated in the TBCB for the first time. 2012 - The Company test charged 1,200 kV UHVAC line (the highest voltage in the world) and established its first 1,200 kV test centre. The Company adopted vision statement world class, integrated, global transmission company with dominant leadership in emerging power markets ensuring reliability, safety and economy and based on this vision statement also restated the mission statement.The Company established India's first Smart Grid Control Centre at Puducherry, under pilot project. 2013 - The Company received its international rating from S&P and Fitch rating, for the first time. - The Company became a part of the NOFN project. - The Company signed an agreement with six north eastern region states (Assam, Meghalaya, Mizoram, Manipur, Nagaland and Tripura) to provide consultancy services as project design cum implementation supervision consultant for implementation of the North Eastern Region Power System Improvement Project. Certifications, Awards and Recognitions The Company has received the `Excellent' rating under the memorandum of understanding with the MoP from 1993-1994 to 2011-2012. 2007 - The Company was certified for PAS 99:2006, which integrates the requirement of ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 for standards in relation to quality, environment and occupational health and safety standards respectively with respect to design, engineering, procurement, constructionof transmission systems up to 1200kV AC, /-800 kV, HVDC, and operation, maintenance activities for transmission system up to 800kV AC & HDVC, Supervisory Control and Data Acquisition (SCADA), Energy Management Systems and Communication Projects. 2009 - The Company was awarded First Prize at IEEMA Power Awards 2009 - Ceremony for `Excellence in Power Transmission' by NDTV Profit. - The Company was recognised for its meritorious performance by the MoP for the year 2007-08 and won a Gold Shield for the transmission system at North Eastern region, a Silver Shield for the transmission system at the Western region and a Silver Shield for the early completion of the 400 kV Gooty - Raichur D/C (Quad) transmission project. The Company was featured in the list of top 250 global energy companies compiled by Platts, a leading provider of energy and commodities information. The Company was also named amongst the fastest growing global energy companies ranking for 2009 issued by Platts. 2010 - The Company was recognised for its meritorious performance by the MoP for the year 2009-10 and won a Gold Shield for the transmission system at Western region, a Silver Shield for the transmission system at the Eastern region and a Silver Shield for the LILO of one ckt. of 400 kV Maithon-Jamshedpur D/C at Mejia B. - The Company is certified with SA 8000:2008 for its Social Accountability System. - The Company was mentioned as being number 18 on the list of fastest growing Asian energy companies, according to the Platts Top 250 Energy Company Rankings for 2010. - The Company was also featured in the Forbes Global 2000 list. - The Company was awarded the `Scope Award for Excellence and Outstanding Contribution to the Public Sector Management (2008-09) in the Large Scale PSE Category' by Standing Conference of Public Enterprises and DPE. 2011 - The Company was awarded the `Environmental Excellence & Sustainable Development award- 2011' by the Indian Chamber of Commerce. - The Company was recognised for its meritorious performance by the MoP for the year 2010-11 and won a Gold Shield for the transmission system at Eastern region, a Gold Shield for the transmission system at the North Eastern region and a Silver Shield for the transmission system at the Southern region. 2012 - The Company was awarded the `Excellence in Innovation in Tower Management' award at the INFOCOM CMAI National Telecom Awards 2011. - The Company was conferred with `PowerLine Awards 2012' in the `Best Performing Transmission Company' by Power Line magazine - The Company was awarded the `India Power Awards 2012' under the `Largest Grid Operating PSU category by Council of Power Utilities. 2013 - The Company was awarded the 4th DSIJ PSU Award 2012 for `Fastest Growing Navratna in Non-Manufacturing Category' by Dalal Street Investment Journal. - The Company also won the `Jury Award' in Governance Now PSU Awards, 2013 by Governance Now, Institute for Competitiveness and Hammurabi and Solomon. - The Company was ranked as the `Best Company by country' of All -Asia in Power Sector Category by Institutional Investors LLC. -POWERGRID signs MoU with Ministry of Power, Govt. of India -POWERGRID signs Agreements with six NER States for improvement of Intra- State Transmission and Distribution Systems -POWERGRID bestowed with "Top Infrastructure Company Award" by Dun & Bradstreet 2014 -MOU signed between POWERGRID and Ministry of Power for FY 2014-15 -POWERGRID signs CSR MoA with AIIMS -POWERGRID signs MoUs for supporting "Swachh Vidyalaya Abhiyan" of Govt. of India -POWERGRID conferred with "Public Service Excellence Award 2014" by Delhi Institute of Management -POWERGRID CMD conferred with "Eminent Electrical Engineer Award" -POWERGRID conferred DSIJ PSU Award 2013 for being the "Fastest Growing Navratna PSU" 2015 -Power Grid Corpo - Acquisition of 'Vindhyachal Jabalpur Transmission Limited' by POWERGRID under Tariff Based Completive Bidd -Power Grid Corpo - Acquisition of Gadarwara (A) Transco Limited and Gadarwara (B) Transmission Limited -Power Grid Corporation has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project -Power Grid Corporation has incorporated a wholly owned subsidiary company - Grid Conductors Ltd -Power Grid Corporation - The Acquisition of Vemagiri II Transmission Ltd by POWERGRID 2016 -Power Grid Corporation Successfully charged the 1st element of the Project: Khammam - Nagarjunasagar 400kV D/C Transmission -Power Grid gets board approval for investment proposal worth Rs 3324 crores -Power Grid begins E-Reverse auction to procure major power equipments -Power Grid operationalizes 1,200 kV test station at Bina -POWERGRID completed Unchahar-Fatehpur 400 kV D/c line under TBCB -POWERGRID completed Srikakulam - Vemagiri 765 kV D/c line under TBCB 2017 - Power Grid sees huge opportunity in rly line electrification - Power Grid Corpo - Enters into loan agreement with Asian Development Bank (ADB) - Power Grid gets unified licence to offer telecom services - Power Grid has been conferred the "Best Performing Power Transmission Utility" Award by Central Board of Irrigation and Power (CBIP). - Power Grid has been awarded "Healthy Award 2017" by Arogya World recognizing it as a Healthy Workplace. - Power Grid has been conferred Dun & Bradstreet Infra Award 2017 in the Power Transmission category. - Power Grid has won the Golden Peacock Award for Excellence in Corporate Governance - 2017. - Power Grid has been bestowed with "Excellence in CSR" Award by the Hindi National Daily, Amar Ujala. - Power Grid has conferred Energy Storage Project of the Year by India Energy Storage Alliance (IESA) for the R&D project, - Power Grid won 1st Prize in the category Best Garden in the City by Haryana Urban Development Authority (HUDA) Gurugram in Spring Fest- Flower Festival 2017. 2018 -Power Grid setting up 5 MWp rooftop solar projects. -"Golden Peacock Award for Corporate Social Responsibilty" for the year 2017. -Dun & Bradstreet Infra Award-2018 for Excellence in Power Transmission category. 2019 -Power Grid bags inter-state transmission project. -POWERGRID has been adjudged as one of the India's Best Companies to Work for 2019. -POWERGRID emerged as the Winner of PMI India Awards - 2019. 2020 -GREENTECH Corona Warrior Award 2020 for COVID response. -Best Workplaces in Industrial services for 2020 by Great Place to Work Institute, India. 2021 -Winner of CSR Times Award 2021 in Water Conservation and Management category for its prestigious project "Integrated Watershed Management at Kalahandi, Odisha" at the 8th National CSR e-summit.. -Gold Award for "Project: Caring Children for their Education Affected by Communical, Caste, Ethnic or Terrorist Violence" category in Power Sector at the 10th Exceed CSR Awards 2021. 2022 -Hon'ble Power Minister inaugurates POWERGRID Vishram Sadan at DMCH. -Power Grid Corporation acquires Khetri Narela Transmission Ltd. through TBCB. -Power Grid Corporation Maharatna PSU under Ministry of Power, Government of India has been conferred the Best CSR Practices Award by the World CSR Congress. -Power Grid Corporation signs MoU with NFCH for education of violence affected children.

The Company was incorporated on October 23, 1989 under the Companies Act 1956 as `National Power Transmission Corporation Limited', with the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems country. We received a certificate for commencement of business on November 8, 1990. The name of the Company was changed to its present name `Power Grid Corporation of India Limited' and a fresh certificate of incorporation was issued on October 23, 1992. The name of the Company was changed to its present name from `National Power Transmission Corporation Limited' as its then abbreviated form, `NPTC Limited', had close resemblance to another existing company, namely, NTPC Limited (NTPC). As on September 30, 2013, the total number of holders of Equity Shares of the Company was 850,252. The Company is presently listed on the BSE and the NSE. For further information on The business including description of the activities, services, market of each segment,The growth, technology, market, managerial competence and capacity build-up, The standing with reference to The prominent competitors, The Company is not operating under any injunction or restraining order. Transfer of transmission assets from generating units Initially, The Company was engaged in the management of the transmission assets owned by the central power generating companies such as the NTPC, NHPC Limited (NHPC) and North-Eastern Electric Power Corporation Limited. Pursuant to the National Thermal Power Corporation Limited, the National Hydroelectric Power Corporation Limited and the North-Eastern Electric Power Corporation Limited (Acquisition and Transfer of Power Transmission Systems) Act, 1993 (Power Transmission Systems Act) the right, title and interest of these three power generating companies in relation to the power transmission system, comprising the main transmission lines, including the extra high voltage alternative current transmission lines and the HVDC lines, and sub-stations, owned by them, were acquired by the GoI and transferred to the Company, with effect from April 1, 1992. Under the Power Transmission Systems Act, The Company acquired all the rights, liabilities, assets, leaseholds, powers, authorities and privileges and all movable and immovable property relating to the power transmission systems owned by the three generating companies. The Power Transmission Systems Act also provided that all employees of the three generating companies who were associated with power transmission systems would be deemed to be the employees of the Company. The right, title and interest of Neyveli Lignite Corporation Limited in the power transmission system were transferred to the Company with effect from April 1, 1992 under the Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994. The transmission business of Nuclear Power Corporation Limited, including ongoing and new projects was transferred to The Company with effect from August 1991. The transmission assets of Tehri Hydro Development Corporation Limited have also been transferred to the Company with effect from August 1993, pursuant to memorandum of understanding executed with the Company. National and Regional Load Despatch Functions In 1994, the GoI entrusted The Company with the further responsibility of controlling the existing load despatch centres in the country with a view to achieve better grid management and operation. Pursuant to this decision, the control of the five regional load despatch and communication centres was transferred to The Company in a phased manner between 1994 and 1996. The Company has undertaken the ULDC and communication project (ULDC Project) under which modernized load despatch facilities have been established in each of the five regional centres. The implementation of the ULDC Project has, amongst other things, caused the reduction of grid disturbances, improved grid reliability and facilitated the effective implementation of availability based tariff. NLDC main and back-up commenced commercial operation with effect from April 1, 2009. The NLDC is responsible for monitoring the operations and grid security of the national grid and supervises the scheduling and despatch of electricity over inter-regional lines in coordination with the RLDCs. The wholly-owned subsidiary, POSOCO, was incorporated in March 2009 to oversee the grid management function of the operations. It received the certificate of commencement of business under the Companies Act 1956 in March 2010 and commenced operations in October 2010. Accordingly, movable assets relating to RLDCs and NLDC and related documents have been transferred to POSOCO and are in operation under POSOCO since October 1, 2010. Designation as the CTU The Company was notified as the Central Transmission Utility by the GoI on December 31, 1998. We continue to be the CTU under the Electricity Act as per the notification issued by the GoI on November 27, 2003. Amongst other functions, as CTU we are required to (a) undertake transmission of electricity through the interstate transmission system; (b) discharge all functions of planning and co-ordination relating to inter-state transmission systems, with certain specified authorities and stakeholders; (c) ensure development of an efficient, coordinated and economical system of inter-state transmission lines for smooth flow of electricity from generating stations to load centres; and (d) provide non-discriminatory open access to its transmission system for use by any licensee or generating company on payment of transmission charges and to any consumer on payment of transmission charges and a surcharge thereon in accordance with the Electricity Act. Under the Electricity Act, the CTU is required to undertake the functions of the RLDC which is responsible for (a) optimum scheduling and despatch of electricity within the region, in accordance with the contracts entered into with the licensees or the generating companies operating in the region; (b) monitor grid operations; (c) keep accounts of quantity of electricity transmitted through the regional grid; (d) exercise supervision and control over the inter-state transmission system; and (e) carrying out real time operations for grid control and despatch of electricity within the region through secure and economic operation of the regional grid in accordance with the grid standards and grid code. POSOCO has been entrusted with the responsibility to operate the RLDC pursuant to a notification dated September 27, 2010 issued by the GoI. Accordingly, POSOCO is responsible for overseeing the grid management function of the RLDCs and NLDC. However, the National Electricity Policy states that the existing arrangement of CTU operating the RLDCs will be reviewed by the GoI based on the experience of working with the existing arrangement. Navratna Company On May 1, 2008, The Company was notified as a Navratna company by the GoI, through notification (DPE OM No. 26(3)/2005-GM-GL-92). As a Navratna company, we are eligible for enhanced delegation of powers to the Board, including (a) power to incur capital expenditure for setting up new projects or expansion of existing projects, without governmental approval; (b) ceiling on equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad of 15% of the net worth of the Company in one project limited to Rs.10,000 million and the overall ceiling on such investments in all projects put together of 30% of the net worth of the Company; (c) power to enter into merger and acquisitions subject to certain conditions; and (d) power to further delegate the powers relating to human resource management (appointments, transfers, postings etc,) of below Board level executives to sub-committees of the Board or to executives of the Company as may be decided by The Board. Role in distribution reforms and rural electrification The Company has been assigned a significant role in relation to implementation of projects under the Rajiv Gandhi Grameen Vidyutikaran Yojana Scheme for Rural Electricity Infrastructure & Household Electrification (Rural Electrification Programme) for accelerated electrification of rural households to be undertaken in association with REC, the concerned state government and state power utility. Major events 1989 - The Company was incorporated as `National Power Transmission Corporation Limited'. 1991 - Transmission assets from Nuclear Power Corporation Limited were transferred to the Company. 1992 - Transmission assets from NTPC, NHPC and North-Eastern Electric Power Corporation Limited were transferred to the Company, with effect from April 1, 1992, pursuant to legislation promulgated by the Parliament. The name of the Company was changed from `National Power Transmission Corporation Limited' to `Power Grid Corporation of India Limited'. 1993 - Transmission assets of Tehri Hydro Development Corporation Limited were transferred to the Company pursuant to a memorandum of understanding executed between the parties. 1994 - The Company entered into a memorandum of understanding with the MoP, which is revised annually. We achieved the highest rating of `Excellent' under the memorandum of understanding. Transmission assets from Neyveli Lignite Corporation Limited were transferred to the Company, with effect from April 1, 1992, pursuant to legislation promulgated by the Parliament. 1996 - Five Regional Load Despatch & Communication Centres were in the management of the Company 1998 - The Company formulated an Environment and Social Policy and Procedures Code to deal with environmental and social issues relating to its transmission projects. The Company was formally notified as a CTU by the GoI. The Company was declared as a Mini Ratna Category I public sector undertaking by the GoI. 2002 - The unified load despatch and communications schemes for the northern and southern regions were commissioned. Part of the Sasaram HVDC back to back transmission system developed by The Company was commissioned contributing towards the development of the first phase of the construction of the National Grid. The Company was issued a registration for Infrastructure Provider Category- I (IP-I) from Director (BS-III), Ministry of Communications and Information Technology. 2003 - The Company entered into a joint venture arrangement with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project. The 400 kV Raipur-Rourkela transmission line developed by The Company was commissioned and the Western region, Eastern Region and North-Eastern Region began operating in a synchronized manner with a cumulative capacity of 50,000 MW. - The Company secured its first international consultancy contract from Bhutan Telecommunications. - The Company was granted the License for maintaining and operating Internet Service on a non-exclusive basis in India pursuant to the License Agreement dated May 29, 2003 entered into with the Assistant Director General (LR V), DoT. 2004 - The Company entered into an MoU with REC for undertaking rural electrification works under the Rajiv Gandhi Grameen Vidyutikaran Yojana. 2005 - The unified load despatch and communications scheme for the eastern region was commissioned. 2006 - The unified load despatch and communications scheme for the western region was commissioned. - The Company was granted the license for installing, operating and maintaining the national long distance service network and providing national long distance service on a non-exclusive basis within the territorial boundaries of India pursuant to the License Agreement dated July 5, 2006 entered into with the Director (BSIII), DoT. 2007 - Dedication of transmission system associated with Tala Hydro-Electric Project by the Prime Minister Dr. Manmohan Singh. Listing of our Equity Shares on the Stock Exchanges through an initial public offer. 2008 - The Company was declared as a Navratna public sector undertaking by the GoI. 2009 - The National Load Despatch Centre was established. - The Subsidiary, Power System Operation Corporation Limited, was incorporated - The 220 kV Double Circuit Transmission line from Pul-e-Khumri to Kabul Transmission System (230 kms) in Afghanistan was completed. - Commissioning of the 220/110/20 kV Chimtala sub-station at Kabul, Afghanistan. - Commissioning of the commercial operations of the National Load Despatch Centre. 2010 - The Company was selected as a consortium member to implement the National Knowledge Network Project, a telecommunication infrastructure project. The Company entered into an MoU with Jamia Millia Islamia University for among other things, providing expert opinion and knowledge support in areas for deployment of new technology such as sub stations automation, System Operator in Supervisory Control And Data Acquisition technology/ EMS, etc. 2011 - The Company participated in the TBCB for the first time. 2012 - The Company test charged 1,200 kV UHVAC line (the highest voltage in the world) and established its first 1,200 kV test centre. The Company adopted vision statement world class, integrated, global transmission company with dominant leadership in emerging power markets ensuring reliability, safety and economy and based on this vision statement also restated the mission statement.The Company established India's first Smart Grid Control Centre at Puducherry, under pilot project. 2013 - The Company received its international rating from S&P and Fitch rating, for the first time. - The Company became a part of the NOFN project. - The Company signed an agreement with six north eastern region states (Assam, Meghalaya, Mizoram, Manipur, Nagaland and Tripura) to provide consultancy services as project design cum implementation supervision consultant for implementation of the North Eastern Region Power System Improvement Project. Certifications, Awards and Recognitions The Company has received the `Excellent' rating under the memorandum of understanding with the MoP from 1993-1994 to 2011-2012. 2007 - The Company was certified for PAS 99:2006, which integrates the requirement of ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 for standards in relation to quality, environment and occupational health and safety standards respectively with respect to design, engineering, procurement, constructionof transmission systems up to 1200kV AC, /-800 kV, HVDC, and operation, maintenance activities for transmission system up to 800kV AC & HDVC, Supervisory Control and Data Acquisition (SCADA), Energy Management Systems and Communication Projects. 2009 - The Company was awarded First Prize at IEEMA Power Awards 2009 - Ceremony for `Excellence in Power Transmission' by NDTV Profit. - The Company was recognised for its meritorious performance by the MoP for the year 2007-08 and won a Gold Shield for the transmission system at North Eastern region, a Silver Shield for the transmission system at the Western region and a Silver Shield for the early completion of the 400 kV Gooty - Raichur D/C (Quad) transmission project. The Company was featured in the list of top 250 global energy companies compiled by Platts, a leading provider of energy and commodities information. The Company was also named amongst the fastest growing global energy companies ranking for 2009 issued by Platts. 2010 - The Company was recognised for its meritorious performance by the MoP for the year 2009-10 and won a Gold Shield for the transmission system at Western region, a Silver Shield for the transmission system at the Eastern region and a Silver Shield for the LILO of one ckt. of 400 kV Maithon-Jamshedpur D/C at Mejia B. - The Company is certified with SA 8000:2008 for its Social Accountability System. - The Company was mentioned as being number 18 on the list of fastest growing Asian energy companies, according to the Platts Top 250 Energy Company Rankings for 2010. - The Company was also featured in the Forbes Global 2000 list. - The Company was awarded the `Scope Award for Excellence and Outstanding Contribution to the Public Sector Management (2008-09) in the Large Scale PSE Category' by Standing Conference of Public Enterprises and DPE. 2011 - The Company was awarded the `Environmental Excellence & Sustainable Development award- 2011' by the Indian Chamber of Commerce. - The Company was recognised for its meritorious performance by the MoP for the year 2010-11 and won a Gold Shield for the transmission system at Eastern region, a Gold Shield for the transmission system at the North Eastern region and a Silver Shield for the transmission system at the Southern region. 2012 - The Company was awarded the `Excellence in Innovation in Tower Management' award at the INFOCOM CMAI National Telecom Awards 2011. - The Company was conferred with `PowerLine Awards 2012' in the `Best Performing Transmission Company' by Power Line magazine - The Company was awarded the `India Power Awards 2012' under the `Largest Grid Operating PSU category by Council of Power Utilities. 2013 - The Company was awarded the 4th DSIJ PSU Award 2012 for `Fastest Growing Navratna in Non-Manufacturing Category' by Dalal Street Investment Journal. - The Company also won the `Jury Award' in Governance Now PSU Awards, 2013 by Governance Now, Institute for Competitiveness and Hammurabi and Solomon. - The Company was ranked as the `Best Company by country' of All -Asia in Power Sector Category by Institutional Investors LLC. -POWERGRID signs MoU with Ministry of Power, Govt. of India -POWERGRID signs Agreements with six NER States for improvement of Intra- State Transmission and Distribution Systems -POWERGRID bestowed with "Top Infrastructure Company Award" by Dun & Bradstreet 2014 -MOU signed between POWERGRID and Ministry of Power for FY 2014-15 -POWERGRID signs CSR MoA with AIIMS -POWERGRID signs MoUs for supporting "Swachh Vidyalaya Abhiyan" of Govt. of India -POWERGRID conferred with "Public Service Excellence Award 2014" by Delhi Institute of Management -POWERGRID CMD conferred with "Eminent Electrical Engineer Award" -POWERGRID conferred DSIJ PSU Award 2013 for being the "Fastest Growing Navratna PSU" 2015 -Power Grid Corpo - Acquisition of 'Vindhyachal Jabalpur Transmission Limited' by POWERGRID under Tariff Based Completive Bidd -Power Grid Corpo - Acquisition of Gadarwara (A) Transco Limited and Gadarwara (B) Transmission Limited -Power Grid Corporation has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project -Power Grid Corporation has incorporated a wholly owned subsidiary company - Grid Conductors Ltd -Power Grid Corporation - The Acquisition of Vemagiri II Transmission Ltd by POWERGRID 2016 -Power Grid Corporation Successfully charged the 1st element of the Project: Khammam - Nagarjunasagar 400kV D/C Transmission -Power Grid gets board approval for investment proposal worth Rs 3324 crores -Power Grid begins E-Reverse auction to procure major power equipments -Power Grid operationalizes 1,200 kV test station at Bina -POWERGRID completed Unchahar-Fatehpur 400 kV D/c line under TBCB -POWERGRID completed Srikakulam - Vemagiri 765 kV D/c line under TBCB 2017 - Power Grid sees huge opportunity in rly line electrification - Power Grid Corpo - Enters into loan agreement with Asian Development Bank (ADB) - Power Grid gets unified licence to offer telecom services - Power Grid has been conferred the "Best Performing Power Transmission Utility" Award by Central Board of Irrigation and Power (CBIP). - Power Grid has been awarded "Healthy Award 2017" by Arogya World recognizing it as a Healthy Workplace. - Power Grid has been conferred Dun & Bradstreet Infra Award 2017 in the Power Transmission category. - Power Grid has won the Golden Peacock Award for Excellence in Corporate Governance - 2017. - Power Grid has been bestowed with "Excellence in CSR" Award by the Hindi National Daily, Amar Ujala. - Power Grid has conferred Energy Storage Project of the Year by India Energy Storage Alliance (IESA) for the R&D project, - Power Grid won 1st Prize in the category Best Garden in the City by Haryana Urban Development Authority (HUDA) Gurugram in Spring Fest- Flower Festival 2017. 2018 -Power Grid setting up 5 MWp rooftop solar projects. -"Golden Peacock Award for Corporate Social Responsibilty" for the year 2017. -Dun & Bradstreet Infra Award-2018 for Excellence in Power Transmission category. 2019 -Power Grid bags inter-state transmission project. -POWERGRID has been adjudged as one of the India's Best Companies to Work for 2019. -POWERGRID emerged as the Winner of PMI India Awards - 2019. 2020 -GREENTECH Corona Warrior Award 2020 for COVID response. -Best Workplaces in Industrial services for 2020 by Great Place to Work Institute, India. 2021 -Winner of CSR Times Award 2021 in Water Conservation and Management category for its prestigious project "Integrated Watershed Management at Kalahandi, Odisha" at the 8th National CSR e-summit.. -Gold Award for "Project: Caring Children for their Education Affected by Communical, Caste, Ethnic or Terrorist Violence" category in Power Sector at the 10th Exceed CSR Awards 2021. 2022 -Hon'ble Power Minister inaugurates POWERGRID Vishram Sadan at DMCH. -Power Grid Corporation acquires Khetri Narela Transmission Ltd. through TBCB. -Power Grid Corporation Maharatna PSU under Ministry of Power, Government of India has been conferred the Best CSR Practices Award by the World CSR Congress. -Power Grid Corporation signs MoU with NFCH for education of violence affected children.

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Parent Organisation

Power Grid Corporation of India Ltd.

Founded

23/10/1989

Managing Director

Mr.Ravindra Kumar Tyagi

NSE Symbol

POWERGRIDEQ

FAQ

The current price of Power Grid Corporation of India Ltd is ₹ 267.65.

The 52-week high for Power Grid Corporation of India Ltd is ₹ 270.65 and the 52-week low is ₹ 265.50.

The market capitalization of Power Grid Corporation of India Ltd is currently ₹ 248930.66. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

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The CEO of Power Grid Corporation of India Ltd is Mr.Ravindra Kumar Tyagi, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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