Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 106.00, up by 0.05 points or 0.05% from its previous closing of Rs. 105.95 on the BSE.

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 106.35 and Rs. 105.00 respectively. So far 1987396 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. 106.50 and Rs. 101.20 respectively. The current market cap of the company is Rs. 48820.45 crore.

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

In an effort to boost country's electricity transmission network and keep at bay potential cyber attacks on the power systems, State-run Power Grid Corporation is developing an advanced grid security system, which is estimated to the worth of around Rs 1,300 crore.

The proposed project involves laying of optical fibre network costing about Rs 1,100 crore for reliable communication and control of under-frequency and load shedding, among others. Meanwhile, the company’s responsibility for the project includes planning, co-ordination and control over inter-state transmission system as well as the operation of national and regional grids.

Further, this proposed security system is part of larger measures being initiated by the Power Ministry, following the worst ever grid failures witnessed in the country in 2012, which also includes setting up of National Power Committee (NPC) to ensure better management of grid system.