Page 4 - Power Grid

ONGC, Indian Oil, Power Grid, SAIL top profit making PSUs in FY22

The net profit of operating public sector enterprises jumped 50.87% to Rs 2.49 trn during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months

LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022. As per regulatory requirement by Sebi, listed companies have to disclose about change in shareholding of 2 per cent and above. "Corporation's shareholding in Power Grid Corporation has diluted from 36,99,02,170 to 23,01,82,028 equity shares decreasing its shareholding from 5.303 per cent to 3.3 per cent of the paid-up capital of the said company," LIC said in a regulatory filing. The shares were sold at an average price of Rs 220.40 per share during the period through an open market sale in an ordinary course of transaction, LIC said. State-owned Power Grid is engaged in electric power transmission, telecom and consultancy services. Shares of the country's largest state-owned insurer, LIC, closed at Rs 615.40 apiece on BSE, down

Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.

Stocks to watch: HCL Tech, Wipro, Suzlon Energy, Indigo, Power Grid, REC

Stocks to watch today: HCL Technologies, Wipro will report September quarter results (Q2FY23) on Wednesday, October 12; Suzlon Energy bags 144.9 megawatt (MW) order from Aditya Birla Group

Power outage hits major parts of Bangladesh as national grid collapses

Power outage has hit several areas of Bangladesh, including capital Dhaka, port city of Chattogram and Sylhet, due to a collapse of the South Asian country's national grid

California calls grid emergency with power use at 5-yr high amid heat wave

California declared a power grid emergency as a blistering and sustained heat wave threatens to push the state's electricity system to its limit

CBI arrests six people in bribery case involving Tata Projects

CBI arrested five officials of Tata Projects and one Power Grid executive in connection with alleged bribery to favour the private company

Power Grid's Q4 net rises 18% to Rs 4,156 cr, declares interim dividend

State-owned Power Grid Corporation of India Ltd on Saturday posted about 18 per cent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter, backed by higher income.

CPSE ETF: Book profits slowly and don't try to maximise gains, say experts

New investors are better off picking diversified offerings

Suspected Chinese hackers collect intelligence from India's power grid

The hackers compromised an Indian national emergency response system and a subsidiary of a multinational logistics company

Sterlite Technologies bags around Rs 170 crore deal from Power Grid

The company said it has already been supplying optical fibre cables and has developed a communication network for Power Grid Corporation of India Ltd

Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs

The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid

CESL to launch the country's first grid scale battery storage program

Set to launch grand challenge for electric buses in cities

Power Grid commissions Vindhyachal Varanasi transmission line

State-owned Power Grid Corporation of India has commissioned a 765 kV double circuit Vindhyachal-Varanasi transmission line, an official statement said on Wednesday

Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

Power Grid Corp fiscal 2021 profit increases 9% to Rs 12,036 crore

The company maintained average transmission system availability of 99.76 per cent in FY21.

Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India

Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said

Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro

SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22

Power stks extend rally; Torrent Power, JSW Energy, Power Grid at new highs

Tata Power Company, CESC, Bharat Heavy Electricals (BHEL) and NTPC were quoting at their respective 52-week high levels