PSU NEWS
POWERGRID conferred with the coveted Maharatna Status
New Delhi: POWERGRID has been conferred with the coveted Maharatna Status by the Government of India on 23.10.2019. This was announced yesterday by Hon’ble Union Minister of State (IC) for Power, New & Renewable Energy & Minister of State for Skill Development and Entrepreneurship, Shri R.K. Singh ji at the 30th Raising Day Celebrations of the Company in New Delhi.
The Maharatna status provides enhanced powers to the Board of POWERGRID to facilitate expansion of operations, both in domestic as well as global markets.
POWERGRID, the third largest CPSE in India is also the third largest transmission company globally. It has been recognised as ‘Fastest Growing Electric Utility in Asia Pacific’ successively for the last six years, since 2014.
As on September 30, 2019, its transmission network included more than 160,930 ckm of transmission lines, 248 Sub-stations with transformation capacity of more than 383,270 MVA on a consolidated basis.
With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID has consistently maintained an average transmission system availability of more than 99.5%.
The Company is currently executing several transmission projects for grid integration of Renewable Energy projects forming part of Govt. of India’s plans of establishing 175 GW of RE generation capacity by 2022.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC