Power Grid Corporation of India Ltd - Company Profile
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Power Grid Corporation of India Ltd (Powergrid) is a government owned Maharatna company. It is an electricity transmission utility. The company owns and operates a network of transmission lines and carries out power transmission projects. Powergrid offers operations and maintenance services for transmission systems, smart grid and telecom services and consultancy services. The company employs optical ground wire on power transmission lines to operate overhead optic fibre network and incorporates multifarious topology and environment technology to plan, coordinate and deploy transmission networks in India. The company serves customers in South Asia and Oceania. Powergrid is headquartered in Gurgaon, Haryana, India.
Headquarters
India
Address
Saudamini, Plot No.2, Sector 29, Near IFFCO Chowk, Gurgaon, Haryana, 122001
Website
www.powergrid.in
Telephone
91 124 2822000
No of Employees
8,342
Industry
Power
Ticker Symbol & Exchange
POWERGRID (NSE)
Revenue (2022)
$5.8B
9.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-12.6%
(2022 vs 2021)
Market Cap*
$30.5B
Net Profit Margin (2023)
XYZ
-20.2%
(2022 vs 2021)
* As of and is in US$
Power Grid Corporation of India Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Electricity Transmission and Distribution |
| Telecom Services |
| Consultancy Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed a memorandum of understanding with Rajasthan Rajya Vidyut Prasaran Nigam to create a joint venture to undertake intra-state transmission projects worth INR10,000 crore. |
| 2024 | Regulatory Approval | In February, Bhadla III Transmission Limited secured approval from the Central Electricity Regulatory Commission to establish an interstate transmission System in Rajasthan, India. |
| 2024 | Regulatory Approval | In February, the company secured approval from the board to invest INR 656 crore for the launch of electricity transmission projects. |
Competitor Comparison
| Key Parameters | Power Grid Corporation of India Ltd | The Tata Power Co Ltd | Reliance Infrastructure Ltd | PTC India Ltd | CESC Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Gurgaon | Mumbai | Mumbai | New Delhi | Kolkata |
| State/Province | Haryana | Maharashtra | Maharashtra | Delhi | West Bengal |
| No. of Employees | 8,342 | 3,071 | 5,056 | 104 | 6,469 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ravindra Kumar Tyagi | Managing Director; Chairman | Executive Board | 2024 | 57 |
| Abhay Choudhary | Director - Projects | Senior Management | 2020 | 59 |
| G Ravishankar | Director - Finance | Senior Management | 2022 | 57 |
| Onkarappa K N | Director | Non Executive Board | 2021 | 61 |
| Saibaba Darbamulla | Director | Non Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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