Page 4 - Power Grid Corporation Of India

CBI books Tata Projects, arrests 5 company executives in bribery probe

Executive director of Power Grid also held for 'granting favours' in NE projects

Power Grid board approves proposals to raise up to Rs 11,000 crore

The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said. As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers. The board also approved another proposal for sanction of a rupee term loan of up to Rs 5,000 crore from commercial banks to meet capital expenditure requirements.

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Nepal, India agree to build new projects by investing in energy sector

Nepal and India have agreed to build new projects by injecting joint investment in the hydropower sector.

Fitch affirms Power Grid Corporation's 'BBB-' rating, outlook 'negative'

The Fitch ratings on Power Grid Corporation of India Ltd are constrained by the credit profile of the India sovereign (BBB-/negative), which owns 51.34 per cent of the company

State-run PGCIL net dips 2.2% to Rs 3,292 crore in December quarter

State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 per cent to Rs 3,292.97 crore in the October-December quarter compared to the year-ago period.

Govt gets Rs 6,651 cr interim dividend from 12 PSUs, Power Grid tops table

Centre's dividend target for FY22 is Rs 50,028 crore; so far it has received Rs 46,587 crore as dividend including these recent transfers

Power Grid Corp of India approves investment plans of Rs 552 crore

The investment proposals worth Rs 552 crore include capital expenditure for procurement of telecom equipment

Invest in Power Grid as a play on steady earnings, asset monetisation

Attractive dividend pay-out and low valuations are other positives

Rs 6 trillion asset monetisation plan in the offing, says DIPAM secretary

"National monetisation plan will have a range of assets from Power Grid pipelines to national highways, toll operate transfer (TOTs)," said Pandey

PGCIL board approves Rs 425 crore fresh equity investment in EESL

State-owned Power Grid Corporation of India Ltd (PGCIL) board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services

Power Grid posts 6% growth in FY21 PAT at Rs 12,036 cr; net income rises 9%

For the quarter ending March, 2021, the total Income and profit after tax stood at Rs 10,816 crore and Rs 3,526 crore respectively.

PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium

The IPO, which concluded on May 3, was subscribed 4.8 times. The IPO was priced between Rs 99 and Rs 100 per unit. The InvIT had raised Rs 7,735 crore

Power Grid Corporation raises Rs 2,736 crore through InvIT OFS

State-run Power Grid Corporation of India Ltd said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer for sale

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Power Grid launches PGInvIT, could offer 18 more assets in future

Sets price band at Rs 99-100 per unit for the public offer

PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

Govt eyes different monetisation models to raise resources for investments

Unlike privatisation, monetisation of assets does not require transfer of ownership to private hands; instead, projects are vested with a trust or a private operator

Abhay Choudhary takes over as Director (Projects) of Power Grid Corporation

State-run Power Grid Corporation of India (PGCIL) on Sunday said that Abhay Choudhary has assumed the charge as its Director (Projects). Prior to this assignment, he has been working as Executive Director (Commercial & Regulatory Cell) along with the charge of CMD (Chairman & Managing Director) Coordination Cell, a PGCIL statement said. He is an electrical engineering graduate from NIT Durgapur and holds a Post Graduate Diploma in Management from IMT Ghaziabad. During his career spanning around 35 years in power sector, he has worked in various capacities in EHV Sub Stations and Transmission lines, both as an Operation & Maintenance executive as well as a construction engineer.

CERC to remain shut for one more month as Centre hunts for legal member

ACME Solar intervenes for release of reserved orders at CERC