Power Grid plans to invest Rs 22,500 crore in FY16

Last Updated: Tuesday, June 2, 2015, 18:00

State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans.

Power Grid Q4 net profit up 20% at Rs 1,412 cr

Last Updated: Saturday, May 30, 2015, 21:47

State utility Power Grid Corporation on Saturday posted a 20 percent rise in its standalone net profit at Rs 1,412.48 crore for the quarter ended March 31, 2015.

Alstom T&D India bags Rs 227 crore order from Power Grid

Last Updated: Tuesday, May 12, 2015, 16:20

"Alstom T&D India has been awarded a contract of approximately euro 34 million by Power Grid Corporation of India (Power Grid) to supply two gas-insulated substations," the company said in a statement.

Power Grid Corp approves investment worth Rs 5,548-crore

Last Updated: Tuesday, April 21, 2015, 20:43

Power Grid Corp on Tuesday said its Board has approved investments worth Rs 5,547.90-crore in various projects including for the inter-state electricity transmission.

Power Grid to invest Rs 2,000 cr for transmission projects

Last Updated: Thursday, March 26, 2015, 19:13

State-owned Power Grid Corp will make investments worth over Rs 2,000 crore for execution of various projects including creating transmission network in the national capital in the next 2-3 years.

Peak power deficit down to 3.3% in Dec: CEA

Last Updated: Sunday, January 11, 2015, 12:48

Peak power deficit in the country reduced to 3.3 percent last month due to improved coal supplies, generation capacity addition and connectivity of the southern transmission network with the National Grid.

Goldman starts Power Grid with ''buy'' rating

Last Updated: Monday, January 20, 2014, 11:55

Goldman Sachs initiates coverage on Indian power companies with a "buy" rating on Power Grid Corp of India Ltd, saying the sector could benefit from recent reforms, although the magnitude of power tariff hikes could be the biggest risk.

Power Grid gets shareholder approval to hike FII limit to 30%

Last Updated: Friday, December 27, 2013, 23:40

Power Grid Corporation of India has received shareholder approval to increase the limit of holdings by foreign institutional investors to 30 percent from 24 percent currently.

Power Grid share sale subscribed 6.73 times

Last Updated: Friday, December 6, 2013, 20:39

The share sale offer of Power Grid Corporation was subscribed 6.73 times on the final day of offer Friday as institutional and retail buyers queued up to bid for shares in the state-run transmission utility.

Power Grid share sale subscribed 4.77 times on Day 3

Last Updated: Thursday, December 5, 2013, 20:27

The follow-on-public offer (FPO) of Power Grid Corporation was subscribed 4.77 times on the third day of offer Thursday with institutional buyers lapping up the shares.