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Power Grid Corporation transfers 3.06 crore shares of POSOCO to GoI

03 Jan 2017 Evaluate

Power Grid Corporation of India (PGCIL) has transferred 3,06,40,000 equity shares of Rs 10 each of Power System Operation Corporation (POSOCO) to Government of India (GoI). This step has been taken on receipt of purchase consideration of Rs 81.21 crore.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.



Peers
Company Name CMP
NTPC 309.30
Tata Power 335.50
Adani Power 188.00
Power Grid Corpn. 245.40
Adani Energy Solut. 1252.95
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