Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 211.00, up by 0.40 points or 0.19% from its previous closing of Rs. 210.60 on the BSE.

The scrip opened at Rs. 211.50 and has touched a high and low of Rs. 212.40 and Rs. 209.55 respectively. So far 51313 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 08-Aug-2017 and a 52 week low of Rs. 167.40 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 221.25 and Rs. 208.75 respectively. The current market cap of the company is Rs. 110334.23 crore.

The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 35.46% and 6.64% respectively.

Power Grid Corporation of India (PGCIL) is planning to raise around Rs 3,000 crore through masala bonds. The company has already approached the Reserve Bank of India (RBI) for the same. Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency.

The company has set a capex target of Rs 25,000 crore for this financial year. During the quarter, the company added about 2,260 ckm of transmission lines, four substations and aggregate transformation capacity of 17,500 MVA.

Power Grid Corporation of India (PGCIL) 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.