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Power Grid Corporation of India Limited

The Power Grid Corporation of India Limited, is an Indian state-owned electric utilities company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

The Power Grid Corporation of India Limited (POWERGRID), (NSE: POWERGRID, BSE: 532898) is an Indian state-owned electric utilities company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network. Its former subsidiary company, Power System Operation Corporation Limited (POSOCO) handles power management for National Grid and all state transmission utilities. POWERGRID also operates a telecom business under the name POWERTEL. I S Jha, an alumnus of National Institute of Technology, Jamshedpur serves as the Chairman and Managing Director of the company.

 

Power Grid Corporation of India Limited (POWERGRID) was incorporated on 23 October 1989 under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007-08) as a public limited company, wholly owned by the Government of India.

 

Its original name was the 'National Power Transmission Corporation Limited', and it was charged with planning, executing, owning, operating and maintaining high-voltage transmission systems in the country. On 8 November 1990, the National Power Transmission Corporation received its Certificate for Commencement of Business. Their name was subsequently changed to Power Grid Corporation of India Limited, which took effect on 23 October 1992.

 

POWERGRID started functioning on management basis with effect from August, 1991 and subsequently it took over transmission assets from NTPC, NHPC, NEEPCO, NLC, NPC, THDC, SJVNL etc. in a phased manner and it commenced commercial operation in 1992-93. In addition to this, it also took over the operation of existing Regional Load Despatch Centers (RLDCs) from Central Electricity Authority (CEA), in a phased manner from 1994 to 1996, which have been upgraded and modernized with State of-the-art Unified Load Despatch and Communication (ULDC) schemes. Consequently, National Load Despatch Centre (NLDC) was established in 2009 for overall coordination at National level.

 

According to its mandate, the Corporation, apart from providing transmission system for evacuation of central sector power, is also responsible for Establishment and Operation of Regional and National Power Grids to facilitate transfer of power within and across the Regions with Reliability, Security and Economy on sound commercial principles. Based on its performance POWERGRID was recognized as a Mini-ratna category-I Public Sector Undertaking in October 1998 and conferred the status of "Navratna" by the Government of India in May 2008. POWERGRID, as the Central Transmission Utility of the country, is playing a major role in Indian Power Sector and is also providing Open Access on its inter-State transmission system.

 

Power Grid Corporation of India Limited news

Shri Ravi P Singh, Former CMD, Powergrid Passes away

New Delhi: Shri Ravi P Singh, Chief Executive Officer, of the Power Sector Skill Council (PSSC), and Former Chairman and Managing Director and Former Director (Personnel), of Powergrid Corporation of India, passed away yesterday, on November 16, 2022.  A highly decorated globa
Posted Date :  17-11-22

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PowerGrid Q2 Results: Profit hikes 8% at Rs 3,651 cr

New Delhi: India's Maharatna Public Sector Enterprise of Govt. of India Power Grid Corporation Limited (PGIL) on 5 November 2022 announced its second quarter result for the current fiscal year.  The company reported an increase of 8 percent in its consolidated net profit at Rs 3,650 cror
Posted Date :  05-11-22

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G. Ravisankar takes over as Director (Finance) of POWERGRID

New Delhi: Shri G. Ravisankar has assumed the charge of Director (Finance) of Power Grid Corporation of India Limited (POWERGRID), Prior to this, he was working as Executive Director (Finance) at POWERGRID. An accomplished technocrat, he has post qualification experience of 32 years, serving pred
Posted Date :  23-09-22

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PowerGrid to source 50% of its Electricity Consumption by 2025

New Delhi: An Indian PSU, Power Grid Corporation of India Limited to Source 50% of its Electricity Consumption from Non-fossil Sources by the year 2025 Roof Top Solar (RTS) Systems with an aggregate capacity of 7.6 MWp installed at 118 locations contribute to a CO2 emission reduction of 9,300 MT/
Posted Date :  01-09-22

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Ravindra Kumar Tyagi joins PowerGrid as Director-Operations

New Delhi: Mr. Ravindra Kumar Tyagi has joined as Director (Operations) at Power Grid Corporation of India Limited (POWERGRID) on 12th August 2022. He is having work experience of over 32 years in Power Transmission systems, out of which over 26 years are in Operation and Maintenance (O&M) of Su
Posted Date :  13-08-22

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PowerGrid is among Top 500 companies in Power sector

New Delhi: Indian public sector undertaking Power Grid Corporation of India Limited has been recognised among Dun & Bradstreet India's Top 500 Companies 2022 in the Power Transmission & Distribution sector.  The company transmits about 50% of the total power generated in Ind
Posted Date :  14-07-22

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PowerGrid recognised as Top 100 Best Companies

New Delhi: Power GridCorporation of India Limited has been once again recognised as Top 100 Best Companies to Work For in India in 2022 by Great Place to Work with unique distinction as the only PSU in Top 100.  It also won 3 more awards for being amongst the Best Employers in Energy, Nation
Posted Date :  19-06-22

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PowerGrid conferred with two awards under CSR initiative

New Delhi: PowerGrid has been conferred CSR WORLD LEADER 2022 and International CSR Excellence Award 2022 for its CSR initiative of Improving Rural Livelihoods and Protecting Environment through farmer-centric Integrated Watershed Management presented by The Green Organisation in London, UK. Powe
Posted Date :  03-06-22

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CMD PowerGrid bestowed with 'Icon of the Year’ award

New Delhi: Shri K. Sreekant, CMD, POWERGRID has been bestowed the prestigious ‘Icon of the Year’ award by the Institute of Cost Accountants of India (ICAI) for being a role model for the profession & achieving tremendous success in business enterprises by contributing significantly f
Posted Date :  28-05-22

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PowerGrid posts PAT Rs. 16,824 cr, Total Income Rs 42,698 cr for FY22

New Delhi: Power Grid Corporation of India Limited (POWERGRID has announced a PAT of Rs. 4,156 crores for Q4FY22 on a consolidated basis, an 18% increase over Q4FY21. The total income for Q4FY22 was Rs. 11,068 crore compared to Rs. 10,816 crores in the Q4 of the previous year. On a consolidated b
Posted Date :  21-05-22

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Power Grid commences Swachhata Pakhwada 2022

NEW DELHI- Power Grid commences SwachhataPakhwada2022 & is spreading awareness through van and various activities being conducted in Gurugram NCR from 16 May-31 May, 2022.  Power Grid Corporation of India Limited is an Indian statutory corporation under the jurisdiction of Ministry
Posted Date :  16-05-22

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PowerGrid acquired SPV Khetri Narela Transmission Limited

NEW DELHI: after emerging successful in the Tariff Based Competitive Bidding (TBCB) conducted as per the guidelines notified by the Government of India. The Transmission project which is being established under Build, Own, Operate and Maintain basis would help in the evacuation of Renewable
Posted Date :  14-05-22

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PowerGrid signed an MoU with Regional Cancer Center, Trivandrum

New Delhi: PowerGrid, a Government corporation under the jurisdiction of the Ministry of Power has signed a Memorandum of Understanding with Regional Cancer Center, Trivandrum, Kerala for providing a ring gantry linear accelerator machine under CSR.  The MoU for Rs. 20 Cr. facility was signe
Posted Date :  11-05-22

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