POWERGRID Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Power Grid Corporation of India Limited (POWERGRID or PGCIL) , India's largest Electric Power Transition Utility, scheduled , Maharatna, Public Sector Enterprise of GOI started on 23rd October, under Company's Act 1956. A listed company from 2007 , with 51.34% Indian Government shareholding and rest by Institutional Investors and public.
POWERGRID operates mainly on transmission of electricity. The company is also involved in the business of Telecom services, consultancy services, communication, load dispatch and distribution. Their other business includes smart grid metering solutions, solar power projects, energy audits and efficiency etc...
Power Grid corporation of India limited share price as on 23 Aug ,2024 was. Rs. 334. Traders can get live Power Grid corporation of India Share price
POWERGRID Limited Moves In 2024:
March 2024
The price of Power Grid corporation of India stock hit a new high after the company's board approved to raise Rs.1200 crores through bond issue.
PowerGrid has announced the second interim dividend for FY 2023-24 of Rs. 4.50 per share to its shareholders. Also , the company has paid the dividend of Rs.2067.68 crore to GOI.
In March, Power Grid Corporation of India Share Price was Rs. 292.65
February 2024
PGCIL has planned for a capital expenditure of Rs.5800 crore for the year 2025 -26. For Q3FY2024, the company has posted a consolidated revenue of Rs.10700 crore and net profit of Rs.4000 crore.
The company has approved the investment of Rs.656 crore for a project on electricity transmission.
The Power Grid committee has announced the investment approval for two projects on enhancing India's power transmission infrastructure at the cost of Rs.514.66 crore and Rs.141.09.
Power Grid has laid the foundation stone for Power Grid Vishram Sadan at Bilaspur.
In February , Power Grid Corporation of India Share Price was Rs. 282.85
January 2024
Mr. Ravindra Kumar Tyagi has taken over as the CMD of Power Grid Limited
Power Grid has won the prestigious SCOPE meritorious award for its CSR and responsiveness.
In January, Power Grid Corporation of India Share Price was Rs. 259.85
Evolution Of Power Grid Limited: From Past to Present:
|
Year |
Evolution |
|
1980 |
Rajya Sabha Committee on Power Sector Reforms |
|
23rd October 1989 |
National Power Transmission Corporation Limited formed (NPTC) |
|
8th November, 1990 |
Certificate of Commencement |
|
1991 |
Acquired Nuclear Power Corporation of India Limited |
|
1992 |
Transferred assets of National Thermal Power Corporation National Hydropower Corporation North Eastern Electric Power Corporation |
|
October, 1992 |
NPTC name changed to Power Grid Corporation of India Limited (POWERGRID) |
|
1993 |
Acquired Tehri Jal Vikas Nigam Limited |
|
1994 |
First MoU with GOI Took over Southern Regional Load Despatch Centre |
|
1995 |
Took Over Eastern Regional and North Eastern Regional Load Despatch Centre to POWERGRID |
|
1996 |
Took Over Northern Regional and Western Regional Load Despatch Centre to POWERGRID |
|
1998 |
Mini Ratna Category – 1 status granted Considered POWERGRID as Central Transmission Utility |
|
1999 |
500 MW High Voltage DC Geopar project was commissioned in Andhra Pradesh |
|
2000 |
First Optic Fiber link under Northern Region Integrated Load Despatch project |
|
2001 |
Business diversification to Telecommunication. Inaugurated regional office at Bengaluru. |
|
2002 |
Commissioned State of Art Load Despatch Centre. 2000 MW high voltage DC link commissioned. Completed first phase of National Grid by commissioning Sasaram HVDC . |
|
2003 |
Under PPP, signed a Joint venture between Tata Power Company Limited and POWERGRID to form Tata Hydroelectric Project. First International consulting project from Bhutan. |
|
2004 |
First TCSC project in India. Inaugurated telecom control centre at Bengaluru. Signed MoU with REC of Indian Limited for RGGVY Scheme. |
|
2005 |
Launched Integrated Load Despatch and Communication Scheme for Eastern Region. |
|
2006 |
Launched Integrated Load Despatch and Communication Scheme for Western Region. Launch of Barh Transmission System. |
|
2007 |
First joint venture between GoI and private player and launched Tala Transmission System. 765 KV line with dense power configuration launched first of kind for India. |
|
2008 |
Received Navratna status |
|
2009 |
At New Delhi, established the National Load Despatch Centre(NLDC). Created wholly owned subsidiary , Power System Operation Corporation Limited (POSOCO) |
|
2010 |
Became Consortium member and jointly implemented National Knowledge Network Project , an infrastructure project. Launched first ever Follow-on Public Offer (FPO) for equity shares. |
|
2011 |
Ultra Mega Power Project at Gujarat. |
|
2012 |
Launched 1200 KV National Test Station, first for India at Madhya Pradesh. Planned the vision and mission for POWERGRID Launched Smart Grid Control Centre at Puducherry. |
|
2013 |
Fulfilled One Nation-One Grid -One Frequency system. Launched Second Follow-on public offer (FPO) of equity shares . Took International Credit Rating from S&P. Took First foreign Currency bond. Listed on Singapore Stock Exchange. |
|
2015 |
Inaugurated National Transmission Asset Management Center at Gurgaon. Completed World’s largest multi-terminal +-800 KV high voltage DC project. |
|
2016 |
Achieved World’s highest voltage of 1200 KV. Launched power supply between Bangladesh and Tripura . Inaugurated transmission line between Nepal and India. |
|
2017 |
Achieved record of 15000 MW inter regional power transfer capacity. Commissioned world’s first multi terminal transmission project . Completed pilot project for induced voltage from earth for telecommunication. |
|
2018 |
Laid underground cables under IPDS project. Acquired the first interstate transmission project through TBCB . As a pilot project, launched First public EV charging station at Hyderabad. |
|
2019 |
Received Maharatna status. Third largest CPSE in India. Developed software to remotely monitor transformers and reactors. |
|
2020 |
Completed 11 renewable energy management centres for GoI. Collaborated with BHEL and developed India’s first 400 KV optical current transformer. India’s first InvIT for monetization. |
|
2021 |
Launched PGInvIT sponsored by CPSE and through a public offer of the largest amount Rs.7734.99 crore. Completed remote operation of the 250th substation from NTAMC. |
|
2022 |
Commissioned and made operational of all REMCs. |
|
2023 |
Launched a second intra state transmission project. India’s first ever 6.6 GW power through high voltage DC link. Received approval for Green Energy Corridor Phase II ISTS system |
|
Company Information |
|
|
Name |
Power Grid Corporation of India Limited (POWERGRID) |
|
Founded year |
1989 |
|
Founding Company |
Ministry of Power, India. |
|
Headquarters |
Gurugram, Haryana, India |
|
Industry |
Electricity Grids |
|
Current Chairman & MD |
Mr. R.K.Tyagi |
|
Major Divisions |
Power System Operation Corporation Limited Powertel India Limited |
|
Subsidiaries |
POWERGRID NM Transmission Limited POWERGRID Vemagiri Transmission Limited POWERGRID Unchahar Transmission Limited POWERGRID Southern Interconnector Transmission System Limited POWERGRID Medinipur – Jeerat Transmission Limited POWERGRID Mithilanchal Transmission Limited POWERGRID Varanasi Transmission System Limited POWERGRID Jawaharpur Firozabad Transmission Limited POWERGRID Khetri Transmission System Limited POWERGRID Bhind Guna Transmission Limited POWERGRID Ajmer Phagi Transmission Limited POWERGRID Fatehgarh Transmission Limited POWERGRID Bhuj Transmission Limited POWERGRID Rampur Sambhal Transmission Limited POWERGRID Meerut Simbhavali Transmission Limited POWERGRID Himachal Transmission Limited POWERGRID Ramgarh Transmission Limited POWERGRID Bhadla Transmission Limited POWERGRID Sikar Transmission Limited POWERGRID Bikaner Transmission System Limited POWERGRID Aligarh Sikar Transmission Limited POWERGRID Narela Transmission Limited Central Transmission Utility Of India Limited POWERGRID Teleservices Limited POWERGRID Energy Services Limited POWERGRID Gomti Yamuna Transmission Limited Neemuch Transmission Limited ER NER Transmission Limited |
|
Revenue |
Rs. 46,605 crores |
|
Geographical presence |
India |
|
NSE code |
NSE: POWERGRID NSE NIFTY 50 Constituent |
|
BSE code |
BSE: 532898 BSE SENSEX Constituent |
Timeline Of POWERGRID Limited:
|
Year |
Fact |
Description |
|
1989 |
Incorporation |
National Power Transmission Corporation Limited |
|
1990 |
Commencement of Business |
Power Grid Corporation of India Limited |
|
1991 |
Started to Function and Took over all transmission assets in the country. |
|
|
1993 |
Commencement of Commercial Corporation. |
|
|
1994 - 1996 |
Acquisition |
Took over Regional Load Despatch Centre under Unified Load Despatch and Communication Schemes |
|
1998 |
Recognition |
Mini Ratna Category 1 PSU |
|
2008 |
Recognition |
Navratna status by GOI |
|
2019 |
Recognition |
Maharatna status |
|
2021 |
Offer of Sale |
Infrastructure Investment Trust |
|
2022 |
Commissioned |
REMs |
|
2023 |
Launched |
Second intra state transmission project. India’s first ever 6.6 GW power through high voltage DC link. Received approval for Green Energy Corridor Phase II ISTS system |
Inside POWERGRID Limited:
Main News
The price of Power Grid corporation of India stock hits new high after the company's board approved to raise Rs.1200 crores through bond issue.
PowerGrid has announced the second interim dividend for FY 2023-24 of Rs. 4.50 per share to its shareholders. Also , the company has paid the dividend of Rs.2067.68 crore to GOI.
Power Grid has won the prestigious SCOPE meritorious award for its CSR and responsiveness.
Corporate Action
PGCIL has planned for a capital expenditure of Rs.5800 crore for the year 2025 -26. For Q3FY2024, the company has posted a consolidated revenue of Rs.10700 crore and net profit of Rs.4000 crore.
The company has approved the investment of Rs.656 crore for a project on electricity transmission.
The Power Grid committee has announced the investment approval for two projects on enhancing India's power transmission infrastructure at the cost of Rs.514.66 crore and Rs.141.09.
Power Grid has laid the foundation stone for Power Grid Vishram Sadan at Bilaspur.
Mr. Ravindra Kumar Tyagi has taken over as the CMD of Power Grid Limited
Current Power Grid Corporation of India Share Price
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
POWERGRID Limited |
Power Generation/ Distribution |
Achievements & Milestone:
|
Year |
Awards & Achievements |
|
2023 |
Extensive Procurement Award for Government e-marketplace Portal. ATD Best Award for Learning & Development. SKOCH Gold award for Pugalur Thrissur HVDC system. CSR World Leaders 2023. International CSR Excellence . Global Gold Award for CSR activity. Corporate Impact Targeted Program Award as part of CSR activity, IT Innovation at PSU IT Award. CSR Leader of the year. Environment & Sustainability Award. Nation Building Award. Research & Innovation Award. Digital PSU Award . Prithvi Award . Best Organizations for Women Award by Economic Times.4 Best CFO Award in Large Cap 2023. Ranked third in Top 10 profit making CPSEs in FY2022. Dun & Bradstreet PSU Award Silver Shield -ICAI Award Public Enterprises Survey 2021 -2022 first ranking. SHRM India Excellence award |
Conclusion
POWERGRID of India boasts one of the world’s largest operational synchronous grids, with a transformation capacity of 486592 lakh megavolt amperes. Its subsidiaries include 267 substations and 1,264 transmission lines, totalling 1,72,982 ckm. Smart Grid technology promises an efficient and reliable two-way delivery system, integrating renewable energy sources. In alignment with the “Green Energy Corridors” report, POWERGRID plans to expand renewable capacity. The One Sun-One World-One Grid (OSOWOG) initiative aims to create a global network of interconnected solar power grids, providing sustainable, resilient, and affordable clean energy.
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As on 23 Aug, 2024, Power Grid Corporation of India Share Price is Rs. 334
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Given the bullish market trends and favourable conditions, it's anticipated that Power Grid Corporation of India Share Price could potentially enter a bullish uptrend by the end of 2024. For real-time insights into the future of Power Grid Corporation of India Share Price, visit Enrich Money.
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