The board of the state-owned Power Grid Corporation has approved raising up to Rs 6 billion through the issuance of bonds for private placement. According to a BSE filing, “Committee of directors for bonds, in their meeting held on 24th March, 2023, have approved the raising of unsecured, nonconvertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd)...
Tag: Power Grid Corporation
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Power Grid must monetise transmission assets, says Goyal
Power minister Piyush Goyal has urged Central electricity transmission utility Power Grid Corporation (PGCIL) and state transmission companies to “unlock capital” that has accrued over years in transmission assets.
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PowerGrid commissions Nellore-Kurnool line
Power Grid Corporation of India has commissioned the first 765-kV double circuit line from Nellore to Kurnool, thereby linking the South India Grid.
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Alstom bags Rs.3,250 cr PowerGrid contract for transmission link
Alstom has been awarded Euro 400 million (Rs 3,250 crore) from Power Grid Corporation for building a transmission link between Haryana and Chhattisgarh.
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Power Grid to invest Rs.1,900 crore
Power Grid Corporation´s board has approved investment of over Rs 1,900 crore for expansion and upgradation works by the middle of 2016. The board in its meeting approved Rs 908.08 crore and Rs 539.82 crore for two transmission system strengthening schemes in the northern region, Power Grid said in a statement. The expansion and upgradation of load despatch centres for Rs 56.18 crore was also approved by the board.
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FIIs investment limit in PowerGrid
The Reserve Bank of India (RBI) has raised the Foreign Institutional Investors (FIIs) investment limit in the Power Grid Corporation to 30 per cent of its paid up capital. The RBI said that FIIs, through the primary market and stock exchanges, can now purchase up to 30 per cent of the paid up capital of Power Grid Corporation of India under the Portfolio Investment Scheme.
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Power Grid to take up 4 projects
To launch four power projects, Indian government-owned Power Grid Corporation is to invest Rs 2,820.04 crore. The power transmission major would invest Rs 1,364.52 crore in 'Eastern Region Strengthening Scheme-V' project, with commissioning expected in 30 months, the company said in a regulatory filing on October 30.
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Smart thinking to smart action
There is plenty of stuff going on out there, and in theory India is not far behind, writes A Shivkamal. But can the nation realise the potential?
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Alstom to build transmission line for Power Grid
A contract for Rs 2,800 crore from state-run Power Grid Corporation has been bagged by Alstom to build a 1,365-km transmission line from Chhattisgarh to Haryana
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Power Grid's 1st 1,200-kV station in MP
Power Grid Corporation will launch a 1,200-kV ultra-high voltage (UHV) test station along with experimental lines in Bina of Madhya Pradesh in September.
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