Power Grid Corporation Of India Ltd.

Government reportedly has decided to offload 5% stake in Power Grid Corporation of India through Follow-on Public Offer (FPO). However, a proposal to divest 20% stake in Power Grid is being contemplated, out of which 5% will be government offering and the rest stake will be shareholders’ stake in the company.

Further, apart from Power Grid, the government also is planning to divest 10% stake in Coal India, the issue of which will be taken up by the cabinet over the next few weeks.

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