Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
257.25
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Power Grid plans to participate in intra-state projects: Report

Date: 18-08-2016

Power Grid Corporation of India is reportedly planning to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.

The firm plans to expand its consultancy services in states but it is more keen to participate in projects as a joint venture partner to different states and even take up projects on ownership basis as a developer.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.