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Power Grid Corporation of India Limited

Power Grid Corp

‘Ujwal Bharat, Ujwal Bhavishya’

Power Grid Corporation of India Limited is an Indian public sector enterprise that primarily transmits bulk power throughout India’s several states. It is under the Ministry of Power, GOI, and is based in Gurgaon. On its transmission network, Power Grid transports over half of the total power generated in India.

The Power Grid Corporation of India Limited was founded on October 23, 1989, under the Companies Act, 1956, as a public limited company with an authorized share capital of Rs. 5,000 Crore, completely owned by the Government of India, having a 51.34% ownership in the firm as of December 31, 2020.

The Beginning

Its original name was the “National Power Transmission Corporation Limited,” which was tasked with designing, executing, owning, operating, and maintaining the country’s high-voltage transmission networks. The firm acquired its Certificate for the Commencement of Business in 1990. In 1992, its name was changed to Power Grid Corporation of India Limited.

Power Grid Corporation of India
Power Grid Corporation of India Stock Price

Operations

Power Grid operates throughout India, covering 90% of the country’s interstate and interregional electric power transmission infrastructure, and its business segments include transmission, consulting telecommunications, and ULDC/RLDC.

Its transmission network comprises approximately 168,140 circuit km and 252 EHVAC and HVDC substations, with a total transformation capacity of 422,430 MVA and an availability rate of more than 99%. Powertel, Power Grid’s telecom company, operates a network of 47,735 km and points of presence in 688 places throughout India.

PowerGrid announced an offer for sale via the infrastructure investment trust (InvIT) mechanism in 2021. The offer was opened on April 29 and ended on May 3, with the initial public offering being subscribed to 4.83 times. This was the country’s second InvIT initial public offering.

The Awards

POWERGRID was named one of the top 100 fantastic places to work in 2022. The World CSR Congress awarded POWERGRID the Best CSR Practices Award this year. POWERGRID CMD “SHRI K. SREEKANT” was named one of the best Indian CEOs.

Power Grid Corporation of India Ltd. (POWERGRID) is an ISO 14001 accredited firm that operates one of the world’s major electrical power transmission utilities.

They touch millions of people every day because of the nature of their business, and they recognize that true success is the consequence of the inclusive development of all connected entities and stakeholders.

Power Grid Corporation of India
Power Grid Corporation of India Stock Price

On August 16, 2022, the share price of Power Grid was Rs 229.00. Power Grid’s share price increased by 0.42% from the previous share price of Rs. 222.85. Power Grid’s share price has risen 9.39% in the last month.