Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 138.60, up by 1.95 points or 1.43% from its previous closing of Rs. 136.65 on the BSE.

The scrip opened at Rs. 137.10 and has touched a high and low of Rs. 138.85 and Rs. 137.10 respectively. So far 180048 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 140.90 on 10-Jun-2014 and a 52 week low of Rs. 86.70 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 138.85 and Rs. 130.70 respectively. The current market cap of the company is Rs. 72248.25 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 34.63% and 7.47% respectively.

In a bid to up-grade its network in Gujarat, Power Grid Corporation of India (PGCIL) will invest Rs 5,800 crore over the next three to four years. The company will increase the number of Extra High Voltage substations to 12 from the existing five.

Moreover, the company will increase the transmission capacity to 19,000 mega volt ampere (MVA) from the existing 4,000 MVA. The transmission lines shall be expanded to 7,575 km in Gujarat from the existing 5,610 km.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.