PGCIL

Brokerages are positive given growth prospects, falling debt levels and high dividends

The PAT (Profit After Tax) of Rs 5,998 crore included an exceptional item of Rs 3,014 crore (Rs 2,657 crore net of tax) on account of monetisation of assets.

State-owned Power Grid Corporation of India (PGCIL) will seek shareholders' approval on August 29, to raise up to Rs 6,000 crore through the issuance of bonds during the financial year 2023-24

The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said. As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers. The board also approved another proposal for sanction of a rupee term loan of up to Rs 5,000 crore from commercial banks to meet capital expenditure requirements.

State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT

State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 per cent to Rs 3,292.97 crore in the October-December quarter compared to the year-ago period.

Power Grid Corporation (PGCIL) said its board has approved investments worth Rs 677.59 crore for transmission projects.

Once completed, the project will be the first independent power transmission (IPT) in Kenya and will set a reference point in Africa

According to the filing, the interim dividend shall be paid to the members on January 11, 2022

The government has received Rs 7,515 crore as dividend from central public sector enterprises so far in the current financial year

Power Grid Corporation of India Ltd on Tuesday posted a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in the June quarter, mainly on the back of higher revenues

The first power transmission InvIT of the country, IndiGrid, came out with a public issue of NCDs to raise up to Rs 1,000 crore last week

Power Grid Chairman & MD K Sreekant tells Shreya Jai and Jyoti Mukul that transmission assets are better placed than road and real estate InvITs

State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore.

State-owned Power Grid Corporation of India Ltd on Wednesday posted an over 20 per cent rise in consolidated net profit to Rs 3,094.10 crore in the September quarter, mainly due to higher revenues.

In a scathing attack on inefficient operations of PGCIL, CAG has blamed higher electricity tariff on PSUs inability to recover Rs 6,853 cr from customers for relinquishing LTA to transmission network

The CAG observed that total 26,836 MW of LTA were surrendered by the customers from September 2010 to March 2018

Files petition with CERC to prevent SECI and Power Grid Corp from encashing bank guarantee and letter of comfort submitted for project

Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government

Shares of the company traded at a 52-week high at Rs 183.05 apiece on BSE