Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs 137.60, up by 1.80 points or 1.33% from its previous closing of Rs 135.80 on the BSE.

The scrip opened at Rs. 135.80 and has touched a high and low of Rs. 138.35 and Rs. 135.60 respectively. So far 55967 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. 127.25 on 01-Sep-2014.

Last one week high and low of the scrip stood at Rs. 142.25 and Rs. 135.55 respectively. The current market cap of the company is Rs. 71960.52 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 34.74% and 7.36% respectively.In a bid to meet working capital expenditure, Power Grid Corporation (PGCIL) is likely to raise Rs 3,000 crore under its second round of fund raising plan through domestic bonds. The company has already raised Rs 3,000 crore through a bond issue in May.

This fund raising is a part of the Rs 22,456-crore capital expendaiture planned by the company for FY16. The company has already received an approval for raising Rs 10,000 crore through debt.

The Navratna PSU reported a 20.2 per cent rise in June quarter standalone net profit at Rs 1,366.51 crore against Rs 1,136.51 crore in the corresponding period last fiscal, helped by higher income from operations.

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.