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Power Grid Corporation of India (POWERGRID.EQ-IN) |
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WIKI ANALYSIS
POWERGRID, a Navratna Public Sector Enterprise, is one of the largest transmission utilities in the world. POWERGRID wheels about 45% of the total power generated in the country on its transmission network. POWERGRID has a pan India presence with around 68000 Circuit Kms of Transmission network and 115 nos. of EHVAC & HVDC sub-stations with a total transformation capacity of 75,000 MVA.POWERGRID has also diversified into Telecom business and established a telecom network of more than 19,000 Kms across the country.POWERGRID has consistently maintained the transmission system availability at 99.65% which is at par with the International Utilities.
POWERGRID Corporation of India Ltd has been carrying out its responsibilities efficiently in the Construction,Operation & Maintenance of inter-State transmission systems and operation of Regional Power Grids. It has been notified as the Central Transmission Utility (CTU) of the country.
Ever since its inception in 1992, POWERGRID has established a transmission network of about 66,800 circuit kms and 111 sub-stations having more than 73,000 MVA transformation capacity. At the begenning of its commercial business, the initial network was only 22,220 circuit kms and 42 substations with transformation capacity of 12,200 MVA.
Based on its impeccable performance in a short span of time, POWERGRID was recognized as the Miniratna Category–I PSU by GoI w.e.f. Oct’98. POWERGRID has achieved many milestones & established benchmarks in various areas of its business operations and now plays a strategic role in the Indian Power Sector in establishing & maintaining the transmission infrastructure. Recognising POWERGRID’s sterling performance, the Government of India conferred the status of “Navratna” to POWERGRID w.e.f 1st May, 2008.
On 12-Feb-2009, Morgan Stanley Capital International announced it would add Power Grid in its Emerging Market Indices; the scrip would be added after close of trading on February 27.
This was done as part of the MSCI quarterly Index Review.
Power Grid is one of the largest additions to the index; the other additions include Brazil’s Banco Nossa Caixa and Russia’s Federal Grid Ues (Rub).
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