Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 200.00, up by 2.30 points or 1.16% from its previous closing of Rs. 197.70 on the BSE.

The scrip opened at Rs. 199.00 and has touched a high and low of Rs. 201.45 and Rs. 198.40 respectively. So far 519614 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.70 on 03-Sep-2018 and a 52 week low of Rs. 173.05 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 201.45 and Rs. 189.80 respectively. The current market cap of the company is Rs. 105050.32 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 40.09% and 4.55% respectively.

Power Grid Corporation has received approval from CERC to offer towers to telecom companies for BTS (base trans-receiver station) installation to improve mobile connectivity, especially in remote rural areas.

The move will not only address the issue of deficiency of telecom coverage in the country, particularly remote areas, but this segment could also be money spinner for the company. Besides, the company had pleaded that this would also help in providing reliable power supply for operation of BTS equipment from transmission line itself by adopting suitable technologies.

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.