Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (Power Grid) is currently trading at Rs. 195.45, up by 0.70 points or 0.36% from its previous closing of Rs. 194.75 on the BSE.

The scrip opened at Rs. 194.25 and has touched a high and low of Rs. 196.00 and Rs. 194.25 respectively. So far 6,195 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 209.00 on 22-Feb-2017 and a 52 week low of Rs. 139.35 on 06-Apr-2016.

Last one week high and low of the scrip stood at Rs. 199.60 and Rs. 194.15 respectively. The current market cap of the company is Rs. 1,02,1999.00 crore.

The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 35.03% and 7.08% respectively.

Power Grid has entered into loan agreement(s) with Asian Development Bank (ADB) on April 05, 2017 for an amount of $225 million (including $50 million as Clean Technology Fund) for part funding of its Transmission projects associated with Solar Power Parks.

The company had recently received an approval for investment proposals worth Rs 429.21 crore for power transmission related projects. The board of directors at its meeting held on March 29, 2017 had approved for the same.

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.