Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 112.35, up by 0.90 points or 0.81% from its previous closing of Rs. 111.45 on the BSE.

The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 112.80 and Rs. 112.00 respectively. So far 478541 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.45 on 05-Sep-2012 and a 52 week low of Rs. 100.10 on 15-May-2012.

Last one week high and low of the scrip stood at Rs. 112.05 and Rs. 109.05 respectively. The current market cap of the company is Rs. 52038.11 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.77% and 8.81% respectively.

State run, Power Grid Corporation is planning to raise around Rs 3,000 crore, contemplating in a rupee or a dollar bond issue, for funding its expansion plans, in this fiscal. The bonds will be listed on the Singapore Stock Exchange and is the third debt issue from the country since the beginning of this year.

The company recently concluded a $500-million bond sale at an interest of 3.875%. It is the lowest ever coupon rate for 10-year dollar funds raised by a domestic issuer in the overseas market.

Power Grid is engaged in bulk power transmission and its responsibility include planning, coordination, supervision and control over inter-State transmission system and operation of National and Regional Power Grids.