Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received an approval for Follow on Public Offer (FPO) of 15% of existing paid up share capital comprising fresh issue of 69,44,58,802 equity shares, for augmenting resources of company to fund its investment programme, subject to necessary approval of Government of India. The board of director at its meeting held on August 01, 2013 has approved for the same.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.