Pgcil

Valuations factor in multiple positives for Power Grid Corporation

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

PGCIL's Q1 net profit falls 36% to Rs 3,801 cr; total income rises 7%

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.

PGCIL to seek shareholders' nod to raise up to Rs 6,000 cr via bonds

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

Power Grid board approves proposals to raise up to Rs 11,000 crore

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.

PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr

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 PGCIL net dips 2.2% to Rs 3,292 crore in December quarter

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.

PGCIL approves investments worth Rs 677 cr for transmission projects

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

PGCIL inks pact with Africa50 for Kenya Transmission Project

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

PGCIL board approves interim dividend of Rs 7 per Rs 10 share for 2021-22

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

Govt receives over Rs 2,593 cr dividend from NTPC, PGCIL this fiscal

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

PGCIL net profit jumps nearly three-fold to Rs 5,998 cr in June quarter

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

Betting on power: Insurers line up to invest in PGCIL and IndiGrid InvITs

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

Monetisation route is value-accretive, says PGCIL Chairman & MD K Sreekant

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

PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr

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.

PGCIL net profit up 20% to Rs 3,094 crore in September quarter

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.

Extra financial burden on consumers due to PGCIL's inefficiency: CAG

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

PGCIL didn't recover Rs 6,853 cr relinquishment charges from customers: CAG

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

Covid-19 crisis: ACME cancels pact to supply power at record low tariff

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

Drill oil but dial telecom

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

Power Grid's Q1 profit up 33% at Rs 1,801.77 crore

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