Power Grid $1.2 bn share sale likely on Dec 3: Sources

Last Updated: Tuesday, November 19, 2013, 17:49

Power Grid said on Monday that it had filed for a follow-on offering of 787 million shares, or 17 percent stake, with the market regulators.

Power Grid to invest Rs 2,820 crore in four projects

Last Updated: Wednesday, October 30, 2013, 22:18

State-owned Power Grid Corp Wednesday said its board has investments worth Rs 2,820.04 crore for four projects.

Power Grid subsidiary POSOCO to be made separate entity

Last Updated: Thursday, September 26, 2013, 12:27

The Power Ministry will soon approach the Cabinet for allowing hiving off Power System Operation Corporation Ltd from state-run Power Grid into a separate entity.

Power Grid seeks 'viable return' for India-Lanka undersea link

Last Updated: Sunday, September 8, 2013, 12:41

The project, with a capacity to transmit 500 MW of electricity, is to be jointly implemented with the Ceylon Electricity Board at an estimated cost of Rs 2,500-3,000 crore and was scheduled to be completed this year.

Power Grid consortium bags USD 21 mn contract from Ethiopia

Last Updated: Monday, September 2, 2013, 17:56

Power Grid Corporation has bagged this two-year contract in consortium with state-run NHPC and private power distribution company BSES, a top company official told PTI.

Power Grid to invest Rs 210 cr for strengthening network

Last Updated: Wednesday, August 28, 2013, 21:40

The Board has approved Rs 135.65 crore for procurement and installation of transformers, and Rs 73.48 crore for strengthening the eastern region infrastructure in the next two years, Power Grid said in a filing to the stock exchange.

Fog causes 21 outages in Northern power transmission lines

Last Updated: Thursday, December 27, 2012, 18:13

The Northern Grid, the vital power supply line to the entire North India, has witnessed as many as 21 forced transmission outages due to fog in the last one week.

Power Grid to invest Rs 252 cr in two transmission projects

Last Updated: Wednesday, December 19, 2012, 18:24

The two investments were approved by the board, during its meeting held on December 6.

Power Grid to have remotely managed substations by 2013

Last Updated: Tuesday, November 27, 2012, 15:54

Power Grid posted a whopping 59 percent jump in net profit at Rs 1,126 crore for the second quarter ended September 30, 2012.

Power Grid Corp profit zooms 57% in Jul-Sep

Last Updated: Thursday, November 1, 2012, 19:10

Power Grid Corporation has posted a whopping 59 percent jump in net profit at Rs 1,126 crore for the second quarter ended September 30, 2012.

Ministers' panel to meet tomorrow on Power Grid disinvestment

Last Updated: Sunday, October 21, 2012, 15:38

The five percent stake sale could fetch over Rs 3,500 crore to the exchequer. The government holds 69.2 percent stake in Power Grid Corporation of India (PGCIL), as of September 2012.

Alstom bags Rs 2,800-cr contract from Power Grid

Last Updated: Monday, August 27, 2012, 18:42

Under the terms of the contract, Alstom will deliver valves, 32 converter transformers, gas-and air-insulated switchgear and substation equipment, communication and supervisory control and data acquisition systems (SCADA).