Power Grid Corporation of India
Power Grid Corporation of India, incorporated on October 23, 1989, is one of the world's largest electric power transmission utilities, with a significant portion of its shares held by the Government of India. It also offers nationwide telecom services through its PowerTel brand and engages in global consulting.
Company History
Power Grid Corporation of India was incorporated on 23 October 1989 under the Company Act, 1956. Initially established to handle the transmission of power across India, the company has grown to become one of the largest electric power transmission utilities in the world. Over the years, it has developed extensive expertise in power transmission, sub-transmission systems, distribution management, load dispatch, and communications.
Government Stake and Public Listing
Power Grid Corporation of India is a publicly listed entity with a significant shareholding structure. The Government of India holds 51.34% of the company's shares, while the remaining shares are held by institutional investors and the public. This ownership structure underscores the strategic importance of the company to the nation's energy infrastructure.
Transmission License Operations
As a holder of a transmission license, Power Grid Corporation of India operates with a commitment to maintaining high standards and achieving high availability of its transmission assets. The company continues to ensure compliance with prescribed standards in its operations, reflecting its dedication to providing reliable energy transmission services.
Telecom Services - PowerTel
Power Grid Corporation of India offers telecom services under the brand name 'PowerTel.' PowerTel is notable for being the only telecom service provider in India with a nationwide overhead optic fiber network using Optical Ground Wire on power transmission lines. The telecom network spans a total of 100,000 kilometers, demonstrating its extensive reach and capacity.
Global Consulting Services
Leveraging its extensive experience and capacity, Power Grid Corporation of India provides consulting services on a global scale. These services encompass areas such as power transmission, sub-transmission systems, and distribution management, highlighting the company’s role as a key player in the global energy sector.