PowerGrid is currently trading at Rs 106.45, up by 1.40 points or 1.33% from its previous closing of Rs 105.05 on the BSE.
The scrip opened at Rs 105.55 and has touched a high and low of Rs 106.60 and Rs 105.35 respectively. So far 73545 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 112.35 on 15-Jul-2011 and a 52 week low of Rs 91.80 on 30-Nov-2010.
Last one week high and low of the scrip stood at Rs 105.55 and Rs 102.15 respectively. The current market cap of the company is Rs 48635.26 crore.
The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.42% and 9.16% respectively.
In a bid to build a smart city that can be a model for power distribution and consumption, State-run transmission utility, PowerGrid Corporation of India is exploring the possibility of setting up a smart grid on pilot basis.
In this regard, the company will convene a meeting in December with all the stakeholders, including manufacturers/suppliers of equipment, companies involved in the transmission and distribution, developers of green technology and other related industries, to chalk out a plan for a pilot.
Smart grid will reduce transmission and distribution loss besides controlling theft, ensuring better availability in rural areas and increasing reliability and quality of supply in urban areas.
The country has one of the largest T&D losses in the world, with almost 30 percent of the installed capacity of 1,82,345 mw being lost in transmission. The transmission network of the country is 2,65,000 circuit km (ckm).
PowerGrid is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India. GoI holds 69.42% stake in PGCIL as on March 31, 2011.
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
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