Power Grid Corporation of India Limited
India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 442.85 GW as of April 30, 2024.
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 systems 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.
- The company managed 176,762 ckm of transmission lines and 276 substations.
- Transformation capacity is 522,046 mega volt ampere (MVA).
- Total standalone income stood at Rs. 11,467.61 crore (US$ 1.4 billion) in the third quarter of FY24
Power Grid Corporation of India Limited
| Year | Milestone |
|---|---|
| 2024 |
On March 4, 2024Prime Minister Mr. Narendra Modi inaugurated seven projects by Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. These projects collectively signify a substantial investment of about Rs. 4,000 crore (US$ 481.4 million). Furthermore, the Prime Minister laid the foundation stone for an upcoming project with an investment of approximately Rs. 3,500 crore (US$ 421.2 million). On January 12, 2024POWERGRID, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has effectively procured four Special Purpose Vehicles (SPVs) for Inter-state Transmission System (ISTS) Projects awarded through the Tariff Based Competitive Bidding (TBCB) process. |
| 2023 |
On December 21, 2023 Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, recently acquired two Project Special Purpose Vehicles (SPVs) - Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited. The acquisitions are for Transmission System Projects to evacuate power from a 20GW Renewable Energy Zone in Rajasthan under Phase-III, Part C1 and Part H, following a successful bid in the Tariff Based Competitive Bidding (TBCB) process. On August 18, 2023, Mr. R.K. Singh. Union Minister of Power, New and Renewable Energy, Government of India laid the foundation stone for the extension of POWERGRID’s 400/132 kV Lakhisarai Sub-station. Union Minister of Power, New and Renewable Energy, Government of India laid the foundation stone for augmentation of 220/132 kV POWERGRID Ara Substation on May 9, 2023. Power Grid Corporation of India Ltd. was conferred Gslobal Gold Award by The Green Organization. The recognition was given at the Green World Awards 2023 function held at Miami in the USA on April 24, 2023. In January 2023, the President of India dedicated transmission system built by Power Grid for 8.9 GW of solar power in Rajasthan. |
| 2022 |
Powergrid has been ranked 1st in Services Sector across categories and has also been ranked third amongst Top 10 Profit Making CPSEs in the recently published Public Enterprises Survey 2021-22 by Department of Public Enterprises (DPE), Ministry of Finance. In July 2022, Powergrid acquired the Project Special Purpose Vehicle (SPV)-Khetri Narela Transmission Limited. The Nepal Electricity Authority (NEA) and the Power Grid Corporation of India pan to set up a joint company by April 2022 for the construction of the cross-border New Butwal Gorakhpur transmission line. |
| 2021 |
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 |
| 2020 |
Power Grid to Monetise Transmission Assets of Rs. 70 billion (US$ 951.63 million) through the infrastructure Investment Trust (InvIT) model |
| 2019 |
Power Grid received CBIP Awards, 2019 for ‘Best Performing Power Transmission Utility’ and ‘CBIP Special Jury Award for Innovation Excellence in Power Transmission’ |
| 2018 |
Awarded EEI Asia-Oceania Index Award at EEI for Highest Total Shareholder Returns in Gold Large Capitalization category |
| 2017 |
Power Grid was conferred the Best Performing Power Transmission Utility Award by Central Board of Irrigation and Power (CBIP) |
| 2009 |
The company was awarded first prize at Indian Electrical and Electronics Manufacturers Association (IEEMA) Power Awards |
| 2008 |
The company was declared as a Navratna public sector undertaking by the Government of India |
| 2003 |
The company entered into a JV with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project |
| 2002 |
The company was commissioned contributing towards the development of the first phase of the construction of the National Grid |
| 1998 |
The company was declared as a Mini Ratna Category I public sector undertaking by the Government of India |
| 1992 |
The name of the company was changed from “National Power Transmission Corporation Limited” to “Power Grid Corporation of India Limited” |
| 1989 |
The company was incorporated as “National Power Transmission Corporation Limited” |
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