Page 2 - Power Grid

Power Grid Corp bags transmission project for Rajasthan's 20 GW energy zone

State-owned Power Grid Corporation has bagged an inter-state power transmission project for evacuating power from a 20 GW renewable energy zone in Rajasthan. The scope of the project comprises the establishment of two 765kV D/C transmission lines traversing in Rajasthan and Delhi, along with associated bay extension works at existing substations located in Rajasthan and Delhi, a regulatory filing said. According to the filing, Power Grid Corporation has been declared as a successful bidder under Tariff Based Competitive Bidding to establish an Inter-State Transmission System for "Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D Phase I" on build, own operate and transfer (BOOT) basis. The Letter of Intent (LoI) issued on December 29, 2023, has been received by Power Grid Corporation on January 1, 2024, it said.

State-owned Power Grid board approves raising Rs 2,200 crore via bonds

State-owned Power Grid Corporation board on Friday approved raising of Rs 2,200 crore through bonds. The company's committee of directors for bonds, in their meeting on July 29, 2023, approved the raising of up to Rs 5,700 crore in FY 23-24 in multiple tranches to part finance its capex requirement, for providing inter corporate loan(s) to wholly owned subsidiaries/JVs and for general corporate purposes, according to a regulatory filing. Further, it stated that the committee of director for bonds in their meeting on Friday approved the raising of up to Rs 2,200 crore towards the third tranche of bonds. The base issue size is Rs 500 crore with a greenshoe option of Rs 1,700 crore, the the filing added.

Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950

Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today

Power Grid Corp okays Rs 119.95 crore investment in transmission project

State-owned Power Grid Corporation on Friday approved an investment of Rs 119.95 crore for electricity transmission project 'Eastern Region Expansion Scheme- XXXVII (ERES-XXXVII)'. "Committee of Directors on Investment on Projects' of POWERGRID in its meeting held today (October 20) accorded investment approvals for 'Eastern Region Expansion Scheme- XXXVII (ERES-XXXVII)' at an estimated cost of Rs 119.95 crore," according to a BSE filing. It is scheduled to be commissioned within 24 months from the date of allocation by NCT, that is May 19, 2025, the filing added.

Power Grid Corporation inks MoU with Aiims to provide medical equipment

Power Grid Corporation of India on Wednesday signed a memorandum of understanding with All India Institute of Medical Sciences (AIIMS) Raipur for providing medical equipment and an ambulance worth Rs 15.50 crore to the institute. PGCIL will provide Rs 15.50 crore for procuring one CT Scan Machine and ambulance, recovery cum patient shifting trolleys, foldable wheelchairs and e-rickshaws through its CSR funds, AIIMS Raipur Public Relations Officer S S Sharma said. PGCIL hopes that it will give immense relief to patients in terms of the waiting period for a CT scan after the new machine is installed. Other equipment will also help in patient transportation and patient care, said Alok Executive Director (Western Region-1), in a statement. Prof. Ajai Singh, Director of AIIMS Raipur said AIIMS-R has been providing state-of-the-art facilities to patients but there is a need for PSUs and other giant corporations to come forward and provide help to patients through their CSR funds, as ...

Talks on to set up grid interconnection with Singapore, UAE: Power Minister

Union Power Minister R K Singh on Wednesday said that the discussions are underway to establish grid interconnection with Singapore and United Arab Emirates (UAE) for cross border electricity transmission. The discussions come on the back of India's initiative 'One Sun, One World, One Grid' or global solar grid for transmission of electricity across the globe for mitigating emission challenges. Singh said that India is also working on strengthening its power trade infrastructure with neighbouring countries such as Nepal, Bhutan, Myanmar and Bangladesh. Furthermore, plans are underway to establish infrastructure connectivity with Sri Lanka for power trade. "Discussions are ongoing with Singapore for grid connectivity, and similar discussions are taking place with UAE for grid interconnection," he said. An MoU has been signed between India and Sri Lanka to enhance electric connectivity and promote the use of renewables, especially wind energy. "Nepal is seeking investments from Ind

Power Grid hits record high as it emerges successful bidder for 2 projects

Power Grid's board also approved proposal to raise up to Rs 5,700 crore through issuance of bonds on a private placement basis in multiple tranches in 2023-24

Stocks to Watch: BPCL, PowerGrid, ATGL, ICICI Bank, T D Power, CreditAccess

Stocks to Watch on June 30, 2023: MCX has extended the support services deal with its software vendor 63 Moons Technologies; BPCL's board approved raising up to Rs 18,000 crore via rights issue

Focus on stable power grid, renewables, not on green hydrogen, says GTRI

India should focus on ensuring a stable power transmission system and increasing renewables in the energy mix rather than on capital-intensive green hydrogen, think tank GTRI said in its report on Monday. Global Trade Research Initiative (GTRI) said that global private investments in green hydrogen are low, with rich countries providing substantial subsidies. India should carefully consider the viability and costs before subsidizing its use, GTRI co-founder Ajay Srivastava said. The report said that green hydrogen is 6-8 times more expensive than standard energy options, making it economically challenging and the cost of producing green steel using this hydrogen is 40-60 per cent higher compared to regular steel. "India should focus on stabilizing grid power and increasing its renewable energy share rather than investing in an expensive green hydrogen ecosystem," it said adding the transportation and storage of green hydrogen require specialized infrastructure due to its flammabili

Workers stuck in vicious cycle of coal, heat to keep power grid standing

To cope with increasingly brutal temperatures, India has to keep its power grid standing- and for now that means digging up ever expanding quantities of the dirtiest fossil fuel

Power stocks to stay charged as heat wave sweeps India, say analysts

Power distribution companies, such as Torrent Power, Tata Power, NTPC, and CESC, are expected to reap benefits of increasing power consumption

Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs

Power Grid has been declared a successful bidder to establish inter-state transmission system for two projects on build, own operate and transfer (BOOT) basis, in Chhattisgarh.

Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life

Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore

Power Grid Corporation bags 2 inter-state electricity transmission projects

State-owned Power Grid Corporate has bagged two inter-state electricity transmission projects under a tariff-based competitive bidding. Power Grid Corporation of India Ltd has been declared as the successful bidder under tariff-based competitive bidding to establish two inter-state transmission system on build, own, operate and transfer (BOOT) basis, a BSE filing stated. It bagged the project named Western Region Expansion Scheme- XXVII (WRES-XXVII). The project comprises establishment of a 400-kV D/C transmission line passing through Chhattisgarh and bays extension works at two existing sub-stations. Besides, it also bagged a project named Western Region Expansion Scheme- XXVIII (WRES-XXVIII) & XXIX (WRES-XXIX). The project comprises bays extension works, including creation of 220kV voltage at two existing sub-stations in Chhattisgarh. Power Grid Corporation received the Letters of Intent (LoIs) on 2nd March.

Pakistan's national grid fails for the second time in three months

Energy Minister Khurrum Dastagir said the outage was caused by a large voltage surge in the south of the grid, which affected the entire network

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

ONGC, Indian Oil, Power Grid, SAIL top profit making PSUs in FY22

The net profit of operating public sector enterprises jumped 50.87% to Rs 2.49 trn during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months

LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022. As per regulatory requirement by Sebi, listed companies have to disclose about change in shareholding of 2 per cent and above. "Corporation's shareholding in Power Grid Corporation has diluted from 36,99,02,170 to 23,01,82,028 equity shares decreasing its shareholding from 5.303 per cent to 3.3 per cent of the paid-up capital of the said company," LIC said in a regulatory filing. The shares were sold at an average price of Rs 220.40 per share during the period through an open market sale in an ordinary course of transaction, LIC said. State-owned Power Grid is engaged in electric power transmission, telecom and consultancy services. Shares of the country's largest state-owned insurer, LIC, closed at Rs 615.40 apiece on BSE, down

Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.