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Power Grid Corporation to float overseas arm

07 Nov 2012 Evaluate

State-owned, Power Grid Corporation of India has decided to float an overseas arm, along the lines of energy major ONGC's overseas arm OVL, as it has received expression of interests from global consultants like PwC, E&Y and KPMG to advise it on floating its overseas arm. Through this initiative, the company will grab opportunities in the global market.

The entity is also planning to enter into the Rs 3-lakh-crore distribution market and is likely to bag licenses for distribution in Odisha to start with. It will enter the distribution network segment as a part of its expansion plan and is already in talks with Odisha in this regard. 

Power Grid Corp Share Price

318.05 5.80 (1.86%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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