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Power Grid rises on plan of raising Rs 1,000 crore via bonds

17 Aug 2011 Evaluate

Power Grid Corporation of India is currently trading at Rs 104.05, up by 0.75 points or 0.73% from its previous closing of Rs 103.30 on the BSE.

The scrip opened at Rs 103.40 and has touched a high and low of Rs 104.35 and Rs 102.90 respectively. So far 60681 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 113.80 on 06-Oct-2010 and a 52 week low of Rs 91.80 on 30-Nov-2010.

Last one week high and low of the scrip stood at Rs 104.75 and Rs 102.05 respectively. The current market cap of the company is Rs 47825.06 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.11% and 9.47% respectively. 

Power Grid Corporation of India, an Indian state-run transmission utility, is planning to borrow atleast Rs 1,000 crore ($220 million) via bonds. The company will issue bonds with maturity in 2030, with staggered redemptions from 2016. The bonds are rated ‘AAA/Stable’ by CRISIL and ‘LAAA’ by ICRA.  This week the company is going to meet the bankers after which it will finalize the coupon rate. The issue is likely to open on August 23 and close on August 25.

The company’s net profit after tax for the quarter ended June 30, 2011 has increased marginally by 0.30% at Rs 705.29 crore as compared to Rs 703.18 crore for the corresponding quarter last year. Its total income has grown by 9.12% at Rs 2345.73 crore for the quarter under review from Rs 2149.69 crore for the same quarter last year.

Power Grid Corporation of India has been carrying out its responsibilities efficiently in the construction, operation and maintenance of inter-state transmission systems and operation of regional power grids. It has been notified as the Central Transmission Utility (CTU) of the country.

Power Grid Corp Share Price

319.40 1.35 (0.42%)
20-Apr-2026 15:31 View Price Chart
Peers
Company Name CMP
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Tata Power 433.30
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Power Grid Corp 319.40
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