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Power Grid declines as foreign investment reaches trigger limit

25 Nov 2014 Evaluate

Power Grid Corporation of India (PGCIL) is currently trading at Rs. 137.30, down by 4.85 points or 3.41% from its previous closing of Rs. 142.15 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 142.00 and Rs. 136.05 respectively. So far 155203 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.85 on 11-Nov-2014 and a 52 week low of Rs. 91.70 on 28-Nov-2013.

Last one week high and low of the scrip stood at Rs. 150.00 and Rs. 136.05 respectively. The current market cap of the company is Rs. 71777.41 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 34.94% and 7.17% respectively.

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Power Grid Corporation of India has reached the trigger limit. Therefore, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the RBI.

Power Grid Corporation of India 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.

Power Grid Corp Share Price

322.10 4.05 (1.27%)
20-Apr-2026 11:29 View Price Chart
Peers
Company Name CMP
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Power Grid Corp 322.10
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