Power Grid Corporation of India Limited (POWERGRID.BO)
Power Grid Corporation of India Limited operates in the Regulated Electric industry of the Utilities sector, headquartered in Gurugram, HA, IN. The stock last traded at $266.90, down 0.91% on the session, giving a market capitalisation of $2.48T. Its beta of 0.17 implies it has historically moved less than the broad market.
Power Grid Corporation of India Limited, headquartered in Gurugram, India, is a major electric power transmission utility responsible for operating the nation's electricity grid. Established in 1989 and known as National Power Transmission Corporation Limited until its name change in October 1992, the company conducts its business across three primary divisions: Transmission Services, Telecom Services, and Consultancy Services. As of July 31, 2023, its vast transmission network comprised 176,109 circuit kilometers of transmission lines and 275 substations, collectively providing a substantial transformation capacity of 512,001 mega volt ampere. Through its Consultancy Services segment, the company delivers a comprehensive range of expert advisory, including power system planning, techno-economic feasibility assessments, environmental and social impact studies, engineering design, procurement support, project and asset management, and specialized guidance on grid codes, tariff structures, market analysis, and renewable energy certificate implementation. Furthermore, under its POWERTEL brand, Power Grid Corporation of India Limited offers overhead optic fiber network services by integrating optical ground wire technology onto its power transmission lines. The company has also diversified its operations by establishing and running electric vehicle (EV) charging stations.
Power Grid Corporation of India Limited is most often compared with the following Utilities names: