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Power Grid Q4 Net up 6% at Rs 1,176 crore

Last Updated: Friday, May 30, 2014, 18:06

State-run electricity transmission firm Power Grid Corporation today reported a nearly 6 percent rise in its net profit at Rs 1,176 crore for the fourth quarter ended March 31, on account of higher income from transmission and consultancy services.  

Power Grid out of PSU ETF; Fin Min files offer document

Last Updated: Tuesday, February 25, 2014, 18:18

Power Grid Corporation has been kept out of the proposed CPSE Exchange Traded Fund (ETF), which will now consist of 10 companies, including ONGC, Coal India, GAIL and Indian Oil.

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 issue subscribed 69% on first day of FPO

Last Updated: Tuesday, December 03, 2013, 20:45

The follow-on-public offer (FPO) of Power Grid Corporation of India (PGCIL) was subscribed 69 percent on the opening day Tuesday.

PowerGrid's Rs 7,083 cr FPO opens Tuesday

Last Updated: Monday, December 02, 2013, 20:16

Power Grid Corporation of India Ltd (PGCIL), which expects to raise Rs 7,083 crore through the follow-on public offer - to hit the market Tuesday - plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs 48,354 crore.

Power Grid plans to set up arm for energy efficiency solutions

Last Updated: Sunday, November 24, 2013, 13:34

Pursuing diversification agenda, electricity transmission utility Power Grid plans to set up an unit for providing energy efficiency solutions.

PGCIL FPO likely to hit market on Dec 3; may fetch Rs 7,400 cr

Last Updated: Sunday, November 24, 2013, 11:35

A panel of ministers on disinvestment is likely to meet on Friday to decide on the price band for PGCIL disinvestment, which is expected to raise around Rs 7,400 crore at current stock price.

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.

CCEA likely to take up Power Grid FPO this week

Last Updated: Sunday, October 27, 2013, 11:21

The Cabinet Committee on Economic Affairs may this week take up Power Ministry's proposal of follow-on public offer of state-run Power Grid Corporation, which is expected to mop up close to Rs 8,000 crore.

Ministry seeks Cabinet approval for Power Grid stake sale

Last Updated: Friday, September 13, 2013, 23:30

The Power Ministry has sought Cabinet approval for a plan to sell shares in state-run Power Grid Corp.

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

Last Updated: Sunday, September 08, 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 02, 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.