Power Grid Corporation of India

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About Company

Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with responsibility for planning, implementation, operation and maintenance of inter-state transmission system and operation of national and regional load dispatch centres. The company’s segments include transmission and consultancy. The transmission segment includes extra high voltage/high voltage (EHV/HV) networks and grid management. It also owns EHV alternating current (AC) and HV direct current (HVDC) sub-stations. The consultancy segment includes planning, design, engineering, load dispatch, procurement management, operation and maintenance, financing, and project management.

Company source: https://www.powergridindia.com/

Power Grid Corporation of India Limited
In September 2021, POWERGRID infused fresh equity of Rs. 407.49 crore (US$ 5.44 million) in Energy Efficiency Services Limited (EESL), a joint venture company of POWERGRID, NTPC, PFC and REC.

In June 2021, Power Grid Corporation of India Ltd. (PGCIL) acquired transmission project Sikar-II Aligarh Transmission Ltd. (SATL), which will evacuate electricity from 8.1 GW solar energy zones in Rajasthan.

In March 2021, Power Grid acquired Ramgarh New Transmission Ltd. to establish a transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan

On 11 February 2021, the company acquired a 74% stake in Jaypee PowerGrid
Power Grid to Monetise Transmission Assets of Rs. 70 billion (US$ 951.63 million) through the infrastructure Investment Trust (InvIT) model
Power Grid received CBIP Awards, 2019 for ‘Best Performing Power Transmission Utility’ and ‘CBIP Special Jury Award for Innovation Excellence in Power Transmission’
Awarded EEI Asia-Oceania Index Award at EEI for Highest Total Shareholder Returns in Gold Large Capitalization category
Power Grid was conferred the Best Performing Power Transmission Utility Award by Central Board of Irrigation and Power (CBIP)
The company was awarded first prize at Indian Electrical and Electronics Manufacturers Association (IEEMA) Power Awards.
The company was declared as a Navratna public sector undertaking by the Government of India.
The company entered into a joint venture arrangement with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project.
The company was commissioned contributing towards the development of the first phase of the construction of the National Grid.
The company was declared as a Mini Ratna Category I public sector undertaking by the Government of India.
The name of the company was changed from “National Power Transmission Corporation Limited” to “Power Grid Corporation of India Limited”.
The company was incorporated as “National Power Transmission Corporation Limited”.

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