The consolidated net profit stood at Rs 2,048.42 crore in the year-ago period, according to a BSE filing. New Delhi : Power Grid Corporation of India Ltd (PGCIL) on Tuesday posted a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in the June quarter, mainly on the back of higher revenues. The […]
Petition For Truing up of Transmission Tariff of 2014-19 And Determination of Transmission Tariff of 2019-24 For One Asset
Petition for truing up and determination of transmission tariff of 2014-19 period and determination of transmission tariff of 2019-24 period for one asset under “POWERGRID works associated with Transmission system strengthening in Indian System for transfer of power from new HEPs in Bhutan” in Eastern Region. For more information please see below link:
POWERGRID Provides Support to District Administration Kargil (Ladakh) Under CSR
Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under Ministry of Power handed over one Vaccine Delivery van, twelve ice lined refrigerators and nine deep freezers to district administration of Kargil today. On this occasion, Shri Mohsin Ali, Executive Counsellor (Kargil) flagged-off the Vaccine Delivery van. The items costing 29 lakhs have been […]
REC Transfers Two Project Specific SPVs to PowerGrid
REC announced that Fatehgarh Bhadla Transco (FBTL), a special purpose vehicle (SPV) and wholly owned subsidiary of REC Power Distribution Company (RECPDCL), which is a wholly owned subsidiary of REC, was incorporated for Transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase II-Part B. Further, Sikar New […]
PowerGrid InvIT Ends With 3 Per Cent Premium in Debut Trade
The stock made its debut at Rs 104, registering a gain of 4 per cent on the BSE. It further jumped 4.97 per cent to Rs 104.97 during the day. It closed at Rs 103, higher by 3 per cent. NEW DELHI: PowerGrid Infrastructure Investment Trust closed the trade with a premium of 3 per […]
Ministry of Power Takes Proactive Measures to Ensure 24×7 Power Supply to Oxygen Plants in the Country
In view of the pan India impact of the second wave of corona virus pandemic across the country and the manifold rise in oxygen demand for both medical facilities and for home treatment of patients , the Ministry of Power has undertaken a number of pro-active preventive and remedial measures to ensure that there is […]
Rs 7,735 cr PowerGrid InvIT IPO subscribed 4.83 times on last day
The IPO comprised a fresh issue of shares worth Rs 4,993.48 crore and an offer for sale to the tune of Rs 2,741.50 crore by selling shareholders. New Delhi: The initial public offer of PowerGrid Infrastructure Investment Trust was subscribed 4.83 times on the last day of subscription on Monday. The Rs 7,735-crore issue received […]
POWERGRID Launches Certified E-Tendering Portal “PRANIT”
POWERGRID Signs Agreement to Acquire 74% Stake in Jaiprakash Power Ventures Limited
Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under Ministry of Power, Government of India has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary of POWERGRID following this […]
Barring PowerGrid, total investments by power PSUs to rise 19 per cent to Rs 60,000 cr in FY22
In case of NTPC, investment for 2021-22 was raised to Rs 23,736 crore from budgeted as well as revised estimates of Rs 21,000 crore for 2020-21 New Delhi : The government has increased total investments by eight state-owned power companies, including REC Ltd, by over 19 per cent to Rs 59,990.52 crore for 2021-22. This […]