Power Grid

Power Grid shares charge on securing power transmission project in Gujarat

Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday's intraday

Power Grid Corporation, Indian Bank raise Rs 5,000 crore each in single day

Infrastructure bonds have a tenor of at least seven years and the proceeds are utilised by banks to fund long-term infrastructure projects

Power Grid acquires project-specific SPV for power evacuation in Rajasthan

Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan. In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding (TBCB) process. "Power Grid has acquired Bhadla-III Power Transmission for establishing the transmission system associated with additional transmission system for evacuation of power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)," it said. The Project is an Inter State Transmission System Project and is to be commissioned in 18 months from the date of transfer of the SPV.

Power Grid gets shareholders' nod to raise borrowing limit to Rs 15k cr

State-owned Power Grid Corporation on Friday said it has received shareholders' approval to raise the borrowing limit to Rs 15,000 crore for the 2024-25 fiscal year. The approval was received at its annual general meeting held on Thursday, the company said. Based on the consolidated report of the scrutiniser, all resolutions as set out in the notice of 35th annual general meeting read with addendum to the notice dated August 12, 2024, have been duly approved by shareholders with requisite majority, according to a BSE filing. The company said shareholders approved the resolution to enhance the borrowing limit from Rs 12,000 crore to Rs 15,000 crore, from the domestic market through the issue of secured/unsecured, non-convertible, cumulative/non-cumulative, redeemable, taxable/tax-free debentures/bonds under private placement for the 2024-25 financial year, it stated. The shareholders also approved the proposal to raise funds up to Rs 16,000 crore, from domestic market through the ..

Power Grid stock hits new high on strong outlook; zooms 53% so far in CY24

The company is actively exploring opportunities to undertake transmission projects on BOOM model for RE developers, distribution licensees, and bulk consumers with advanced discussions underway.

Power Grid planning Rs 40,000 cr undersea interconnection with Middle East

State-run Power Grid is planning an undersea interconnection worth up to Rs 40,000 crore with countries in the Middle East, a top official said on Monday. After the soft June quarter, which witnessed revenues being almost flat, the company sees the topline inching by only 4-5 per cent in FY25, its chairman and managing director R K Tyagi told reporters here after the earnings announcement on Friday. The company plans to invest Rs 18,000 crore this fiscal year, which will help accelerate the growth rate going forward, Tyagi said, explaining that as projects become older, the earnings from transmission projects go down and the company has to keep commissioning new projects to have higher revenue growths. On the interconnected projects front, it is looking at companies beyond the immediate neighbourhood and will be looking at countries in the Middle East, Tyagi said. He specified that discussions are ongoing with Oman, Saudi Arabia and the UAE for the interconnection. The company has

Stocks to Watch, July 26: Tech M, Cipla, UBL, Power Grid, Sobha, Sanstar

In Asia, Japan's Nikkei traded up 0.27%, Hong Kong's Hang Seng rose 0.85%, and South Korea's Kospi increased 0.90%, while Shanghai Composite and Asia Dow traded flat on Friday morning.

Puerto Rico's power firm suspends $65 mn worth of maintenance projects

The private operator of Puerto Rico's power grid confirmed Monday the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory, with some repairs postponed for at least a year because of budget constraints, putting at risk the already troubled grid and sparking a widespread outcry. Some of the deferred projects include maintenance of more than 100,000 light posts, fire mitigation and repairs on underground circuits, among other improvements. Luma Energy's head of regulatory affairs, Mario Hurtado, told The Associated Press on Monday that the suspended projects, which he aims to bring back next year, risk more outages across the island. The risk is always that there will be more failures in terms of public lighting, Hurtado said. At a budget hearing on Friday, Hurtado said Luma Energy prioritized other tasks based on professional judgment, which they consider calculated risks. The lack of fire mitigation puts the grid at risk as hotter temperature

Major electricity outage in parts of Delhi due to fire at UP power grid

Delhi power outage news: The power restoration process has begun and electricity is now gradually returning to different areas, Delhi Minister Atishi said

Indian Hotels, Power Grid, Federal Bank: Top 3 technical picks for May 14

There is a bullish butterfly pattern seen on hourly scale so based on these signals, we advise investors / traders to "go long" in Indian Hotels Company within the price range of Rs 545-555 per share

Power Grid, Jubilant FoodWorks, Divi's: Top 3 technical picks for May 9

In the current market scenario, a significant event is unfolding within Power Grid

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.

Power Grid Corp board approves plan to raise Rs 12,000 cr via bonds

State-owned Power Grid Corporation of India board on Wednesday approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in 2024-25. "Committee of Directors for Bonds in their meeting held on today i.e. on 17th April 2024 has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable Powergrid Bonds Issue(s) during FY 2024-25 in one or more tranches/series up to Rs 12,000 crore," a BSE filing said. Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks. It is engaged in the bulk transmission of power across states in the country.

Uttar Pradesh govt buys 5,500 million power units to brace for deficit

Power banking is a bilateral arrangement between two power utilities/states to trade energy to match their respective seasonal variations of surplus-deficit matrix

Best of BS Opinion: Fintech, age, central banking, Few gains at WTO & more

Here is the best of Business Standard's opinion pieces for today

The evenings are hard

Mounting stress upon India's grid engineers

Power Grid Corporation's prospects factored in at current valuations

For FY25, the planned capex is at Rs 15,000 crore, up from earlier guidance of Rs 12,500 crore, alongside capitalisation of Rs 17,000 crore for FY25

NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth

The BSE power index, meanwhile, closed calendar year 2023 with gains of 34 per cent with NTPC and Power Grid surging 87 per cent and 48 per cent, respectively, for the year

Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin

Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore

China wants its massive EV fleet to plug in and charge the power grid

China plans to lean further into vehicle-to-grid tech.