Power Grid Corporation Of India Ltd.

Power Grid is currently trading at Rs. 112.30, up by 2.70 points or 2.46% from its previous closing of Rs. 109.60 on the BSE.

The scrip opened at Rs. 109.60 and has touched a high and low of Rs. 112.55 and Rs. 109.60 respectively. So far 73088 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.25 on 20-Apr-2012 and a 52 week low of Rs. 93.60 on 12-Sep-2011.

Last one week high and low of the scrip stood at Rs. 112.55 and Rs. 107.00 respectively. The current market cap of the company is Rs. 51806.63 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 20.93% and 9.64% respectively.

Power Grid Corporation of India (PGCIL) has mopped up about Rs 4000 crore through bonds issue in the domestic market at a coupon rate of 9.30 percent per annum. The tenure of the bonds is 15 years with maturities starting from the end of fourth year.

The proceed from the issue will be used to part finance the company’s capital expenditure of Rs 20,000 crore targeted for the current fiscal.

The state-run transmission utility has planned Rs 1,00,000 crore capital expenditure in the current Five-Year Plan (2012-17).

The company posted a rise of 37.35% in its net profit at Rs 1031.69 crore for the quarter ended March 31, 2012 as compared to Rs 751.12 crore for the same quarter in the previous year. Total income increased by 32.08% at Rs 3408.78 crore for quarter under review as compared to Rs 2580.86 crore for the quarter ended March 31, 2011.