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Power Grid planning to offer up to 20% of tower assets to telecom firms

31 May 2018 Evaluate

Power Grid Corporation of India (PGCIL) is planning to offer at least 10-20 percent of its 1.5 lakh tower assets to telecom operators, with an aim to leverage its tower infrastructure. The company has already approached the Central Electricity Regulatory Commission (CERC) for approval on the same.

PGCIL 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 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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