About Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd. (POWERGRID) is a leading entity in the electricity transmission sector. It is playing a crucial role in the transmission of bulk power across India. The company was established on October 23, 1989. POWERGRID has grown to become one of the largest power transmission utilities globally. The company is ensuring the power grid's reliability, safety, and economy.
Headquartered in Gurugram, Haryana, POWERGRID operates and maintains the inter-state transmission system transmitting about 50% of the total power generated in India. The company also offers telecom services. It is offered through its subsidiary, PowerGrid Teleservices Limited. The service is carried out under the brand name PowerTel.
The primary promoter of POWERGRID is the Government of India. It holds a 51.34% stake in the company. This means it has powerful government backing. It highlights the company’s strategic importance in the national infrastructure sector.
POWERGRID’s registered office is at B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. The company’s registrar is KFin Technologies Limited, based in Hyderabad. The key management team includes Ravindra Kumar Tyagi as the Chairman & Managing Director. There is also Naveen Srivastava, who is the Director of Operations.
Here are the key managing promoters:
Power Grid Corporation of India Ltd. is a dominant player in the Indian market. This is due to its extensive network and robust infrastructure. It is contributing significantly to the country’s power sector. The company is committed to excellence and innovation ensuring continued leadership in the industry.
Formation and Evolution
POWERGRID was first incorporated as the National Power Transmission Corporation Limited. The company plans, executes, owns, operates, and maintains high-voltage transmission systems in the country. The company received its Certificate for Commencement of Business on November 8, 1990. Its name was changed to Power Grid Corporation of India Limited on October 23, 1992. The management began functioning in August 1991. It took over transmission assets from various entities, including NTPC, NHPC, and NEEPCO. By January 1993, POWERGRID commenced commercial operations.
Core Operations
POWERGRID’s primary function is the transmission of bulk power. It operates and maintains the inter-state transmission system. It is ensuring the reliability, safety, and economy of the power grid. The company transmits about 50% of the total power generated in India on its extensive transmission network. This network includes high-voltage transmission lines and substations. They span the length and breadth of the country.
Technological Advancements
Power Grid Corporation of India Ltd. has been at the forefront of technological innovation in the power sector. The company has implemented state-of-the-art technologies. This enhances the efficiency and reliability of its transmission network. This includes the use of advanced monitoring and control systems. It also includes the integration of renewable energy sources into the grid. POWERGRID’s commitment to innovation is evident in its continuous efforts. These efforts are to upgrade and modernize its infrastructure.
Diversification and Expansion
POWERGRID has diversified into the telecom sector in its core power transmission business. It has a wholly-owned subsidiary, PowerGrid Teleservices Limited. The company offers telecom services under the name PowerTel through its subsidiary. This subsidiary leverages POWERGRID’s extensive transmission infrastructure. This is to provide telecom services across India. The company has also ventured into consulting services. It is offering its expertise in power transmission and related areas. These services are for clients both in India and abroad.
Financial Performance
Power Grid Corporation of India Ltd. has demonstrated robust financial performance over the years. The company’s strong financial health is a demonstration of its efficient operations. It implements strategic initiatives aimed at sustaining growth and profitability.
Environmental and Social Governance (ESG)
POWERGRID is committed to sustainability. It has made significant environmental and social governance strides. The company focuses on resource efficiency, reducing its carbon footprint. It also enhances the safety and well-being of its employees and communities. POWERGRID’s efforts in ESG have been recognized through various certifications and awards, underscoring its commitment to responsible business practices.
Community Impact
POWERGRID’s impact extends beyond its business operations. The company is actively involved in community development through various CSR initiatives. These initiatives focus on education, healthcare, and skill development. This is aiming to improve the quality of life for communities across India. POWERGRID’s CSR activities align with its commitment to sustainable growth and social duty.
Power Grid Corporation of India Ltd. is a cornerstone of India’s power sector. It is ensuring the reliable transmission of electricity across the country. It has strong financial performance and shows commitment to technological innovation and focus on sustainability. POWERGRID continues to play a vital role in India’s economic development. The company’s strategic initiatives set it as a global power transmission industry leader.
Headquartered in Gurugram, Haryana, POWERGRID operates and maintains the inter-state transmission system transmitting about 50% of the total power generated in India. The company also offers telecom services. It is offered through its subsidiary, PowerGrid Teleservices Limited. The service is carried out under the brand name PowerTel.
The primary promoter of POWERGRID is the Government of India. It holds a 51.34% stake in the company. This means it has powerful government backing. It highlights the company’s strategic importance in the national infrastructure sector.
POWERGRID’s registered office is at B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi. The company’s registrar is KFin Technologies Limited, based in Hyderabad. The key management team includes Ravindra Kumar Tyagi as the Chairman & Managing Director. There is also Naveen Srivastava, who is the Director of Operations.
Here are the key managing promoters:
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Ravindra Kumar Tyagi
-
Ravisankar Ganesan
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Yatindra Dwivedi
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Chetan Bansilal Kankariya
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Ram Naresh Tiwari
Power Grid Corporation of India Ltd. is a dominant player in the Indian market. This is due to its extensive network and robust infrastructure. It is contributing significantly to the country’s power sector. The company is committed to excellence and innovation ensuring continued leadership in the industry.
Background of the Company
Power Grid Corporation of India Ltd (POWERGRID) is a central public sector enterprise. It is under the Ministry of Power, Government of India. It plays a pivotal role in the transmission of bulk power across different states of India.Formation and Evolution
POWERGRID was first incorporated as the National Power Transmission Corporation Limited. The company plans, executes, owns, operates, and maintains high-voltage transmission systems in the country. The company received its Certificate for Commencement of Business on November 8, 1990. Its name was changed to Power Grid Corporation of India Limited on October 23, 1992. The management began functioning in August 1991. It took over transmission assets from various entities, including NTPC, NHPC, and NEEPCO. By January 1993, POWERGRID commenced commercial operations.
Core Operations
POWERGRID’s primary function is the transmission of bulk power. It operates and maintains the inter-state transmission system. It is ensuring the reliability, safety, and economy of the power grid. The company transmits about 50% of the total power generated in India on its extensive transmission network. This network includes high-voltage transmission lines and substations. They span the length and breadth of the country.
Technological Advancements
Power Grid Corporation of India Ltd. has been at the forefront of technological innovation in the power sector. The company has implemented state-of-the-art technologies. This enhances the efficiency and reliability of its transmission network. This includes the use of advanced monitoring and control systems. It also includes the integration of renewable energy sources into the grid. POWERGRID’s commitment to innovation is evident in its continuous efforts. These efforts are to upgrade and modernize its infrastructure.
Diversification and Expansion
POWERGRID has diversified into the telecom sector in its core power transmission business. It has a wholly-owned subsidiary, PowerGrid Teleservices Limited. The company offers telecom services under the name PowerTel through its subsidiary. This subsidiary leverages POWERGRID’s extensive transmission infrastructure. This is to provide telecom services across India. The company has also ventured into consulting services. It is offering its expertise in power transmission and related areas. These services are for clients both in India and abroad.
Financial Performance
Power Grid Corporation of India Ltd. has demonstrated robust financial performance over the years. The company’s strong financial health is a demonstration of its efficient operations. It implements strategic initiatives aimed at sustaining growth and profitability.
Environmental and Social Governance (ESG)
POWERGRID is committed to sustainability. It has made significant environmental and social governance strides. The company focuses on resource efficiency, reducing its carbon footprint. It also enhances the safety and well-being of its employees and communities. POWERGRID’s efforts in ESG have been recognized through various certifications and awards, underscoring its commitment to responsible business practices.
Community Impact
POWERGRID’s impact extends beyond its business operations. The company is actively involved in community development through various CSR initiatives. These initiatives focus on education, healthcare, and skill development. This is aiming to improve the quality of life for communities across India. POWERGRID’s CSR activities align with its commitment to sustainable growth and social duty.
Power Grid Corporation of India Ltd. is a cornerstone of India’s power sector. It is ensuring the reliable transmission of electricity across the country. It has strong financial performance and shows commitment to technological innovation and focus on sustainability. POWERGRID continues to play a vital role in India’s economic development. The company’s strategic initiatives set it as a global power transmission industry leader.
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