PowerGrid Corporation turns green on the BSE

19 Dec 2011 Evaluate

PowerGrid Corporation of India (PGCIL) is currently trading at Rs 98.15, up by 0.05 points or 0.05% from its previous closing of Rs 98.10 on the BSE.

The scrip opened at Rs 97.95 and has touched a high and low of Rs 98.45 and Rs 96.25 respectively. So far 66577 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 112.35 on 15-Jul-2011 and a 52 week low of Rs 93.60 on 12-Sep-2011.

Last one week high and low of the scrip stood at Rs 101.10 and Rs 95.25 respectively. The current market cap of the company is Rs 45417.61 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.42% and 9.16% respectively. 

PGCIL has invited bids to raise at least Rs 1,000 crore via long-tenure bonds. The company will raise funds by issuing 16-year bonds redeemable in 12 equal installments starting from the 4th year.

The company has fixed the upper band of the issue at a coupon rate of 9.40%. The issue is scheduled to stay open from December 19 to December 21.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.

The company has posted a net profit of Rs 709 crore for the second quarter ended September 30, 2011 of FY 2011-12, an increase of 9% against Rs 651 crore reported during the corresponding quarter ended September 30, 2010. Total income for July-September, 2011 rose to Rs 2,459 crore, up 11% from Rs 2,223 crore last year. 

Power Grid Corp Share Price

309.45 2.95 (0.96%)
31-May-2024 16:01 View Price Chart
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