SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

PowerGrid shines on plan to enter into a $16-million management contract with Ethiopia Power

13 Feb 2013 Evaluate

PowerGrid is currently trading at Rs. 113.40, up by 0.55 points or 0.49% from its previous closing of Rs. 112.85 on the BSE.

The scrip opened at Rs. 113.95 and has touched a high and low of Rs. 116.00 and Rs. 112.90 respectively. So far 56,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.45 on 05-Sep-2012 and a 52 week low of Rs. 100.10 on 15-May-2012.

Last one week high and low of the scrip stood at Rs. 115.25 and Rs. 109.05 respectively. The current market cap of the company is Rs. 52,501 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.77% and 8.81% respectively.

PowerGrid Corporation of India (PGCIL), India’s largest power transmission utility, will be entering into a $16-million management contract with Ethiopia Power Company for two years. In the contract period, the company will take up the key positions and manage the Ethiopia Power to make it more efficient. Ethiopia Power Company is an integrated firm with generation and distribution.

The company has reported 39.52% rise in its net profit at Rs 1129.06 crore for the quarter as compared to Rs 809.23 crore for the same quarter in the previous year. Total income from operation of the company has increased by 36.29% at Rs 3361.67 crore for quarter under review as compared to Rs 2466.62 crore for the quarter ended December 31, 2011.

Power Grid is engaged in bulk power transmission and its responsibility include planning, coordination, supervision and control over inter-State transmission system and operation of National and Regional Power Grids.

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×