Power Grid Corporation Of India Ltd.

Power Grid Corporation Of India is currently trading at Rs. 97.35, up by 0.40 points or 0.41% from its previous closing of Rs. 96.95 on the BSE.

The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 97.80 and Rs. 95.65 respectively. So far 228291 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. 86.70 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 98.10 and Rs. 93.50 respectively. The current market cap of the company is Rs. 45024.08 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 22.26% and 8.32% respectively.

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.