PGCIL
PGCIL appoints Abhay Choudhary as Director (Projects)
- Nov 1, 2020
In a stock exchange filing, Power Grid Corporation of India said that Abhay Choudhary has assumed charge as Director (Projects) of the company, effective November 1, 2020. Choudhary’s tenure will extend up to June 30, 2024 (the date of Read more
Transmission line capacity addition rebounds in September 2020
- Oct 14, 2020
The country’s endeavour at building new transmission lines saw a marked upswing in September 2020. However, the performance of transformation capacity (substations) was in contrast. In September 2020, India saw the addition of as much as 4,203 ckm of Read more
Inadequate emphasis on “transfer capacity” by PGCIL, notes CAG
- Sep 21, 2020
The Comptroller Auditor General (CAG) in a recent report has observed that Power Grid Corporation of India Ltd (PGCIL) made its long-term plans only with respect to “transmission capacity” whereas it should have looked into “total transfer capacity” Read more
Power Minister lays stone for LILO of 400kV transmission line in Bihar
- Sep 14, 2020
Union Power Minister R.K. Singh laid the foundation stone for a 400kV transmission line in Bihar, through a virtual event, on September 13, 2020. The transmission line is the LILO (Line In, Line Read more
CCEA approves InvIT model for PGCIL asset monetization
- Sep 9, 2020
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model. Asset recycling is a key strategy of the Read more
PGCIL estimates works in hand at over Rs.50,000 crore
- Aug 27, 2020
Power Grid Corporation of India (PGCIL) has estimated that it currently has works on hand worth Rs.51,000 crore, which will be the backbone of its capital expenditure plan for the coming years. According to an investor presentation of PGCIL Read more
PGCIL sees lower profits due to discom provisioning
- Aug 12, 2020
The net profit of Power Grid Corporation of India declined 17 per cent during the first quarter (April to June) of FY21, due to extraordinary provisioning towards discoms. PGCIL reported a net profit (classified as “total comprehensive income”) of Read more
PGCIL board approves investment in ERSS-XXIII
- Jul 14, 2020
The board of directors of Power Grid Corporation of India Ltd (PGCIL) has accorded investment approval to Eastern Region Strengthening Scheme – XXIII. According to a stock exchange filing, the board of PGCIL, in its meeting held on July Read more
PGCIL’s order intake in FY20 sees RTM-TBCB balance
- Jun 26, 2020
Power Grid Corporation of India (PGCIL)’s order inflow of Rs.13,414 crore in FY20 was equally balanced between RTM (regulated tariff mechanism) and TBCB (tariff-based competitive bidding) power transmission projects. According to an investor presentation of PGCIL, accompanying the annual Read more
PGCIL pegs capex lower at Rs.10,500 crore for FY21
- Jun 25, 2020
With the first quarter of FY21 ending with little economic activity, Power Grid Corporation of India (PGCIL) has pegged its capital expenditure for the year much lower at Rs.10,500 crore, as against Rs.15,313 crore in FY20. As of March Read more