Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 182.75, up by 0.70 points or 0.38% from its previous closing of Rs. 182.05 on the BSE.

The scrip opened at Rs. 182.50 and has touched a high and low of Rs. 183.30 and Rs. 181.65 respectively. So far 29527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.00 on 25-Aug-2016 and a 52 week low of Rs. 120.75 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 179.50 respectively. The current market cap of the company is Rs. 95476.51 crore.

The promoters holding in the company stood at 57.90%, while institutions and non-institutions held 34.93% and 7.18% respectively.

Power Grid Corporation of India (Power Grid) is planning to raise up to Rs 14000 crore through issuance of bonds from domestic and external sources in 2017-18. The company will raise funds in up to eight tranches/offers with or without greenshoe option and each tranche shall be of up to Rs 2,000 crore of bonds, exclusive of the greenshoe part. The company will seek shareholders' approval for the same in its next Annual General Meeting (AGM) on September 16, 2016.

Power Grid 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.