Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
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Power Grid Corporation transfers 3.06 crore shares of POSOCO to GoI

Date: 03-01-2017

Power Grid Corporation of India (PGCIL) has transferred 3,06,40,000 equity shares of Rs 10 each of Power System Operation Corporation (POSOCO) to Government of India (GoI). This step has been taken on receipt of purchase consideration of Rs 81.21 crore.

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.