Power Grid Corporation of India Limited
India's power requirement is estimated to be 1,650.59 BUs in FY23, up from 1,275.53 BUs in FY21.
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.
- As of February 2022, the company managed 172,275 kms of transmission lines and 265 substations.
- Transformation capacity is 444,738 mega volt ampere (MVA), as of May 31, 2021
- Total standalone income stood at Rs. 11,016.88 crore (US$ 1.38 billion) in the first quarter of FY23
Power Grid Corporation of India Limited
| Year | Milestone |
|---|---|
| 2022 |
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 joint venture arrangement 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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