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Power Grid Corporation

04 Dec 2022

Powergrid to separate telecom business, gets nod to foray into data centre biz

Power Grid Corporation of India is in the process of carving out its telecom vertical to a new fully-owned subsidiary, Powergrid Teleservices Ltd. The move by the state-run power transmission major comes close on the heels when the telecom sector is ramping up its 5G service across the country. The state-owned power transmission major has also got approval from the Central Electricity Regulatory Commission (CERC) to operate data centres.

Power Grid Corporation

30 May 2017

Power Grid plans capex of Rs 25,000 crore for FY18

State-run Power Grid Corporation, which has reported a 22 percent rise in standalone net profit for March 31 quarter at Rs 1,916.36 crore, has planned a capex of Rs 25,000 crore for this fiscal.

Larsen & Toubro

06 Jun 2016

Larsen & Toubro bags orders worth Rs 2,161 crore

New Delhi: Engineering major Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 2,161 crore across various business segments.

Power Grid Corporation

18 May 2015

Power Grid gets shareholders nod to raise Rs 13,000 cr in FY16

State-owned Power Grid Corporation has got shareholders' approval to raise up to Rs 13,000 crore from domestic and external sources during the current fiscal.

26 Mar 2015

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

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.

Power Grid Corporation

05 Mar 2015

PowerGrid approves Rs 1,481 cr investment in 5 projects

Central transmission utility Power Grid Corporation Thursday said its board has approved total investment of Rs 1,481 crore in its various projects to be commissioned in the next 2-3 years.

26 Feb 2015

Power Grid seeks $500 million loan from World Bank

Central transmission utility Power Grid Corporation has sought USD 500 million loan assistance from the World Bank for financing projects.

Power Grid Corporation

24 Nov 2014

Power Grid shares down nearly 3% on RBI restrictions

Power Grid Corporation's stock fell by 3 percent Monday after the Reserve Bank put restrictions on further purchases of shares of the company by foreign investors.

08 Aug 2014

Power Grid to invest Rs 477 crore in two transmission projects

State-owned Power Grid Corp has received approval of its board for investing Rs 477.24 crore in two transmission projects.

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