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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

PowerGrid, Africa50 signed Joint Development Agreement

Power Grid Corporation of India Limited (POWERGRID) has signed a Joint Development Agreement with Africa50, the pan-African infrastructure investment platform to continue to develop the Kenya Transmission Project on a public-private partnership basis. The project entails the development, financin
Posted Date :  13-01-22

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PowerGrid InvIT; third-biggest IPO of the Year 2021

New Delhi: PowerGrid Infrastructure Investment Trust (“PGInvIT”/ “Trust”) sponsored by PowerGrid Corporation Limited is one of the biggest public issues in 2021.  The Initial Public Offer of PGInvIT opened on April 29, 2021, and closed on May 3, 2021. The Initial Publ
Posted Date :  25-12-21

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PowerGrid bags Award at 8th National CSR e-summit

New Delhi: POWERGRID has won the 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. The CSR TIMES Awards encourage Corporates, Corporate Foundations, NGOs
Posted Date :  21-12-21

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PowerGrid declared Interim Dividend at its board meeting

New Delhi: Powergrid Corporation Limited today in its Board meeting held today on December 15, 2021, in terms of Regulation 30 and 43 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have approved the payment of Interim Dividend of Rs. 7.00 per equity share of Rs. 10/
Posted Date :  15-12-21

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PowerGrid Signs MoU to provide MRI Machine in Kangra

Power Grid Corporation of India Limited (POWERGRID) signed an MoU with Honorable Governor, Himachal Pradesh, through Chief Medical Officer (CMO), Kangra, Himachal Pradesh for providing a 1.5 Tesla MRI machine in Kangra on 14th December 2021 under its Corporate Social Responsibility (CSR) initiatives
Posted Date :  14-12-21

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PowerGrid ranked 44th in Fortune India 500 Companies 2021

New Delhi: PowerGrid Corporation Limited ranked 44th among Fortune India 500 Companies in 2021. The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of the latest sales and gross revenue figures. The list is published annually by Fortune magazine. Fortune
Posted Date :  02-12-21

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PowerGrid electrified Youlchung Village in Leh

New Delhi: POWERGRID has electrified Youlchung Village in Leh under Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY-New). During a ceremony conducted as part of Azadi ka Amrit Mahotsav celebrations, the village was commissioned and a dry ration was distributed amongst villagers wherein Sarpanchs, Numb
Posted Date :  25-11-21

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Powergrid provides financial assistance in Uttarakhand

New Delhi: Power Grid Corporation of India Limited (POWERGRID) has provided financial assistance of Rs 3.5 crore for relief, rehabilitation, and restoration work in the disaster-hit areas of Uttarakhand under its CSR initiative.  This amount is part of the total CSR assistance of Rs 22.
Posted Date :  24-11-21

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PowerGrid upgrades Assam’s New Mariani Sub-station

New Delhi: POWERGRID has upgraded Assam’s New Mariani Sub-station from 220 kiloVolt (kV) switching station to a 400/220 kV Sub-station with 2x500 MegaVolt Ampere (MVA) transformation capacity, 2x125 Mega volt ampere (reactive) power compensation along with other associated bays under North Eas
Posted Date :  16-11-21

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PR Veteran Shri Naresh Kumar Passed away

New Delhi: Shri Naresh Kumar, Sr GM (Corporate Communications), POWERGRID is no more. He was admitted to Fortis hospital 2 days back for a blood sugar-related issue. He was past chairman of PR Society, Delhi. Shri  Naresh Kumar was an energetic, dynamic person and capable of managing a giant
Posted Date :  13-11-21

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PowerGrid posts PAT of Rs 3,376 Crore for Q2 FY22

New Delhi: Power Grid Corporation of India Limited (POWERGRID)has announced unaudited financial results for Q2FY22 ending 30th September 2021. The company has reported PAT of Rs. 3,376.38 crore and a Total Income of Rs. 10,514.74 crore on a consolidated basis registering a YoY growth of 9% a
Posted Date :  09-11-21

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32nd Annual General Meeting of PowerGrid held on September 24th

Gurugram: The 32nd Annual General Meeting of Government of India Maharatna PSU under Ministry of Power, Power Grid Corporation of India Limited POWERGRID) was held on Friday, 24th September 2021 through Video Conferencing. CMD, Shri K. Sreekant, addressed the stakeholders and apprised them of the la
Posted Date :  28-09-21

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PowerGrid organised Fit India Freedom Run 2.0 at RHQ Patna

Patna: Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, Government of India is celebrating Bharat ka Amrit Mahotsav with great enthusiasm across the country. A Fit India Freedom Run 2.0 was organized for all employees posted at RHQ Patna on September
Posted Date :  24-09-21

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