Power Grid

Alstom T&D India bags Rs 200-cr order from Power Grid

Alstom-T-and-DNew Delhi: Alstom T&D India today said it has bagged a Rs 200 crore order from Power Grid Corporation of India Ltd (PGCIL) for upgrading grid substations in eastern parts of the country.

"Alstom T&D India has secured an order from Power Grid Corporation of India Ltd... To supply transformers for the upgrade and expansion of 400/220 kv grid substations across eastern India," the company said in a statement.

Alstom India wins Rs.161 crore Power Grid contract

Alstom India wins Rs.161 crore Power Grid contractNew Delhi, March 19 : Power infrastructure major Alstom T&D India Wednesday said it has won a euro 20.1 million contract from state-run Power Grid Corp for supplying transmission equipment across north India.

“Alstom T&D India has secured a euro 20.1 million (Rs. 161 crore) contract from Power Grid for upgrading transmission substations at 14 sites across five Indian states, and 765 KV reactors at Bhiwani (Haryana),” the company said in a statement.

Power Grid to invest Rs.575 crore in two projects

Power-GridNew Delhi, March 3 : State-run transmission company Power Grid Corp Monday announced investments of over Rs. 575 crore in two projects, one each in the eastern and the western regions of the country.

"Board of directors of the company has approved the investment approval for Eastern Region Strengthening Scheme at an estimated cost of Rs. 196.58 crore, with a commissioning schedule of 24 months from the date of investment approval," the company said in a filing to the Bombay Stock Exchange.

Power Grid to expand network with FPO proceeds

power-grid-corporation-of-indiaMumbai, Dec 19 : State-run Power Grid Corp (PGCIL) Thursday said it would use the proceeds worth about Rs. 5,400 crore from its follow-on public offer (FPO) for expanding the company's transmission network.

"We have identified 27 projects, worth over Rs. 48,000 crore, which we plan to complete in the next two years," PGCIL chairman R. N. Nayak told mediapersons after the listing of fresh shares.

The additional equity issued in the FPO started trading Thursday.

Power Grid FPO subscribed 69% on opening day

Power Grid FPO subscribed 69% on opening dayState-run Power Grid Corporation of India Ltd's follow-on-public offer (FPO) was subscribed 69 per cent on the first day, newly released data showed.

Power Grid offered 78.70 crore shares at a price of Rs 85-90 apiece, and received bids for 54.32 crore of them. Nearly 72.98 lakh bids were received at the issue's cut off price.

The corporation is offloading 17 per cent government stake, which could fetch nearly Rs 7,083 crore at the upper end of Rs 85-90 price band. The corporation may pocket around Rs 5,717 crore, while the government may garner nearly Rs 1,758 crore.

Government to divest 17 percent stake in Power Grid

Manmohan-SinghNew Delhi, Nov 7 : The government Thursday decided to divest 17 percent of its stake in the Power Grid Corporation through a follow-on public offer (FPO).

The Cabinet Committee on Economic Affairs, at a meeting here chaired by Prime Minister Manmohan Singh, gave the green signal to the proposal.

The divestment process include fresh issue of shares equivalent to 13 percent of the total paid-up capital of the company and 4 percent of government holding.

The government currently controls 69.42 percent stake in the Power Grid Corporation, a central public sector enterprise of Navratna category.

Power Grid may launch FPO as soon as next month

Power Grid may launch FPO as soon as next monthPower Grid Corporation of India is preparing for its planned follow-on public offer (FPO), with a hope that the offer could be launched as soon as next month.

The government-run transmission utility giant on Thursday said that all the required procedures for the FPO had already been completed, and that it was just waiting for Cabinet's nod.

Indian Markets Trades Marginally Lower; Nilesh Shah Expects Weakness Ahead

Indian Markets Trades Marginally Lower; Nilesh Shah Expects Weakness AheadIndian Stock market has continued with its downward move on Thursday. The market has remained in negative zone for most part of the current week. The BSE Sensex was down by 23 points at 17467 and NSE Nifty was flat at 5286.

European markets have opened marginally lower. FTSE and CAC were trading flat during early hours while DAX was down by 0.6%.

Buy Power Grid With Target Of Rs 115

POWER GRID CORPORATIONPower Grid’s (PGCIL) Q3FY11 results were in line with our expectations with revenues and adjusted PAT each growing by 22% to Rs20bn and Rs6bn respectively. Capitalization increased marginally during the quarter to Rs68bn from ~Rs51bn in H1 FY11. We believe PGCIL offers the best bet as its capex and capitalization continues to remain on track. Re-iterate BUY with a target price of Rs115/share.

Healthy 22% growth in revenues

Buy Power Grid Corporation with target of Rs 115

POWER GRID CORPORATION OF INDIAPGCIL, a Navratna public sector enterprise, is a notified Central Transmission Utility. It is the largest power transmission utility globally, with 79,556ckm of transmission network.

With funds infusion via the FPO, we expect PGCIL to comfortably meet its targeted capex of Rs550bn for the XIth Plan - of which it has already spent Rs254bn in the first three years and plans to spend Rs300bn more over FY11 and FY12. PGCIL plans to more than double its XIIth Plan capex target to Rs1.2trn.

Power Grid endorse Rs 8,000 crore FPO

Power-Grid-fpoIndia's major inter-state transmission group Power Grid Corporation of India is all geared up to strike the capital markets once again with a follow-on public offer on November 9, 2010.

PowerGrid Q1 profit-after-tax up by 28.64%

Power-GridState-run transmission company PowerGrid Corporation has announced its first quarter financial results for the fiscal year 2010-11. According to the statement released by the company, it has managed to register a significant profit-after-tax (PAT) during the reviewed quarter.

PowerGrid Corporation has posted profit-after-tax of Rs 703.18 crore for the quarter that ended in 30th June, 2010. That means the Q1 PAT at current year has gone up almost 28.64% of the profit-after-tax figure of the company in the similar quarter in the last fiscal year of 2009-10.

Hold Power Grid Corp

Hold Power Grid CorpTechnical Analyst Sharad Avasthi of SKP Securities has maintained 'hold' rating on Power Grid Corp.

According to analyst, the investors can exit on rally to around Rs 50.

Today, the stock of the company opened at Rs 103.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 128.35 and a low of Rs 95 on BSE.

Current EPS & P/E ratio stood at 5.08 and 20.43 respectively.

State-run Power Grid Corporation has recorded a growth of 20.72% in its net profit, which stood at Rs 2,040.94 crore during the year ended March 31, 2010.

Power Grid Corporation to form JV with IL&FS and Satluj Jal Vidyut

Power Grid Corporation to form JV with IL&FS and Satluj Jal VidyutState-run, Power Grid Corporation of India has notified that the Board of Directors of the Company at its meeting has finally granted its nod to form a joint venture company (JV) in association with IL&FS Energy Development Company and Satluj Jal Vidyut Nigam.

The said JV company has been formed establishment of Muzaffarpur - Sursand section of 400 KV D/C Muzaffarpur-Dhalkebar Indo-Nepal cross border transmission line.

Power Grid Q4 surges 156%; declares dividend of 7% per share

Power GridPublic sector power solutions major Power Grid Corporation of India has informed that it has registered a growth of 156 % in its net profit for the quarter ended March 2009, following clearance of past transmission charges by the regulator.

The company posted a net profit of Rs 616 crore in the quarter, against a net profit of Rs 240 crore in the corresponding quarter the previous year.

Further, it also witnessed a surge of 35% in its total income, which grew to Rs 2,334 crore, as compared to Rs 1,729 crore, corresponding quarter the previous year.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content