Credit rating agency, CARE has assigned 'AAA' rating to Power Grid Corporation of India’s Long-term Borrowing Programme for FY14 worth Rs 11,000 crore and 'A1+' rating to company’s Short-term Borrowing Programme for FY14 worth Rs 4,300 crore
The ratings continue to take into account the ownership and continued support of the Government of India (GoI), PGCIL pivotal role in the Indian power sector for developing and maintaining inter-state and inter-regional electric power transmission network and national grid management, consistent increase in the revenue, and profitability through high operating efficiency
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.
