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 […]
POWERGRID signs agreement with State Government to improve telecom connectivity in hilly areas of Himachal Pradesh
To improve telecom connectivity in hilly areas, Power Grid Corporation of India Limited (POWERGRID), the PSU under Ministry of Power, has recently signed an agreement with Himachal Pradesh State Electricity Board Ltd. (HPSEBL) in Shimla (H.P.) for utilization of 500 Kms of OPGW Telecom network. This is in addition to the existing 350 Kms of […]
POWERGRID posts Profit After Tax (PAT) of ₹3,117 crore for Q2FY21
Total Income rises by 8% to ₹ 9,890 crore Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI and the ‘Central Transmission Utility (CTU)’ of the country, has posted a PAT of ₹ 3,094 crore and Total Income of ₹ 9,831 crore on consolidated basis for Q2FY21. On standalone […]
POWERGRID posts Profit After Tax (PAT) of ₹3,117 crore for Q2FY21;Total Income rises by 8% to ₹ 9,890 crore
New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI and the ‘Central Transmission Utility (CTU)’ of the country, has posted a PAT of ₹ 3,094 crore and Total Income of ₹ 9,831 crore on consolidated basis for Q2FY21. On standalone basis, the Company posted PAT and […]
Mrs. Seema Gupta, Director (Operations), POWERGRID wins GOLD STEVIE® AWARD IN 2020 STEVIE AWARDS FOR WOMEN IN BUSINESS
Mrs. Seema Gupta, Director (Operations), Power Grid Corporation of India Limited, a PSU under Ministry of Power, has been named the winner of GOLD Stevie® Award in the LIFETIME ACHIEVEMENT- BUSINESS category in the 17th annual Stevie Awards for Women in Business. The Stevie Awards for Women in Business honour women executives, entrepreneurs, employees, and the companies they run– worldwide. […]
MoP to ask CPSEs to give 25% rebate on power bills to discoms
The order, likely to dent the CPSUs revenues severely, is likely to be issued by the power ministry anytime after market closing hours on Friday New Delhi: In a major hit to central power companies including NTPC, NHPC and Power Grid Corporation (PGCIL), the power ministry is likely to advise them to forego upto one-fourth […]
NTPC shares down 5 per cent post waiver announcement of fixed charges
In a bid to provide further relief to the discoms, the government has decided to waive fixed charges and inter-state transmission charges (by PowerGrid) against power not drawn from various public sector units during the lockdown, from March 24 to May 17 Mumbai: Shares of NTPC Ltd fell by around 5 per cent on Thursday, […]
POWERGRID carrying out CSR activities to combat COVID-19 pandemic
The COVID-19 pandemic is a cause of great concern. While the whole nation is under lock down, POWERGRID, a central PSU under Ministry of Power, has not just been ensuring uninterrupted 24×7 transmission of power but also acting proactively by taking up humanitarian relief activities to aid those impacted by the pandemic in India. POWERGRID […]