Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 146.45, up by 0.65 points or 0.45% from its previous closing of Rs. 145.80 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 147.60 and Rs. 145.95 respectively. So far 39483 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 28-Feb-2015 and a 52 week low of Rs. 102.00 on 07-May-2014.

Last one week high and low of the scrip stood at Rs. 152.45 and Rs. 144.05 respectively. The current market cap of the company is Rs. 76668.95 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 35.49% and 6.61% respectively.

Power Grid Corporation of India (PGCIL) is seeking shareholders’ approval to raise up to Rs 13,000 crore from domestic and external sources in the current fiscal through eight tranches. The company is raising the funds for financing capital expenditure and provides loans to its wholly-owned special purpose vehicles (SPV) handling its projects acquired under tariff-based competitive bidding.

Shareholders’ nod was also sought for providing Rs 1,400 crore of funds to PowerGrid’s wholly-owned special purpose vehicles - Vindhyachal Jabalpur Transmission, Gadarwara (A) Transco and Gadarwara (B) Transmission.

The company is seeking shareholders approval after its board had approved total investment of Rs 1,481 crore in its various projects to be commissioned in the next two-three years.

Power Grid Corporation of India 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.