POWERGRID
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Recent events
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Power Grid Corp Of India Q4 Consol Profit 41.43 Billion Rupees
May 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP OF INDIA Q4 CONSOL PROFIT 41.43 BILLION RUPEES; IBES PROFIT EST. 41.94 BILLION RUPEES
POWER GRID CORP OF INDIA Q4 CONSOL REVENUE FROM OPERATIONS 122.75 BILLION RUPEES; IBES EST. 117.05 BILLION RUPEES
POWER GRID CORP - DIVIDEND OF 1.25 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: PGRD.NS
(([email protected];;))
May 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP OF INDIA Q4 CONSOL PROFIT 41.43 BILLION RUPEES; IBES PROFIT EST. 41.94 BILLION RUPEES
POWER GRID CORP OF INDIA Q4 CONSOL REVENUE FROM OPERATIONS 122.75 BILLION RUPEES; IBES EST. 117.05 BILLION RUPEES
POWER GRID CORP - DIVIDEND OF 1.25 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: PGRD.NS
(([email protected];;))
GE Vernova Secures Major Contract to Supply Over 70 High-Voltage Transformers for India's Renewable Energy Projects
GE Vernova Inc. has secured a significant contract from the Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors. These 765 kV class units will be integral to key transmission projects across India, supporting the nation's renewable power evacuation efforts under the Tariff-Based Competitive Bidding framework. The equipment will be manufactured at GE Vernova's facility in Vadodara, India, with deliveries slated from 2026 through the end of 2027. This order, one of the largest for GE Vernova's Electrification segment in India, underscores the company's role in enhancing India's transmission infrastructure and advancing global renewable energy goals.
GE Vernova Inc. has secured a significant contract from the Power Grid Corporation of India Limited (POWERGRID) to supply over 70 extra high-voltage transformers and shunt reactors. These 765 kV class units will be integral to key transmission projects across India, supporting the nation's renewable power evacuation efforts under the Tariff-Based Competitive Bidding framework. The equipment will be manufactured at GE Vernova's facility in Vadodara, India, with deliveries slated from 2026 through the end of 2027. This order, one of the largest for GE Vernova's Electrification segment in India, underscores the company's role in enhancing India's transmission infrastructure and advancing global renewable energy goals.
Power Grid Corp Says Commencement Of Commercial Operation Of 85 MW Solar Plant At Nagda, Ujjain
April 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
COMMENCEMENT OF COMMERCIAL OPERATION OF 85 MW SOLAR PV POWER PLANT AT NAGDA, UJJAIN
Source text: ID:nBSE1ZBllb
Further company coverage: PGRD.NS
(([email protected];;))
April 24 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
COMMENCEMENT OF COMMERCIAL OPERATION OF 85 MW SOLAR PV POWER PLANT AT NAGDA, UJJAIN
Source text: ID:nBSE1ZBllb
Further company coverage: PGRD.NS
(([email protected];;))
Indian state-run firms seek government nod to issue deep-discount, long-tenor debt
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
Power Grid Corp Says Raipur Pool Dhamtari Transmission Commissioned Project
April 17 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID RAIPUR POOL DHAMTARI TRANSMISSION COMMISSIONED PROJECT
Source text: ID:nBSEbhmQ66
Further company coverage: PGRD.NS
(([email protected];;))
April 17 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID RAIPUR POOL DHAMTARI TRANSMISSION COMMISSIONED PROJECT
Source text: ID:nBSEbhmQ66
Further company coverage: PGRD.NS
(([email protected];;))
India New Issue-Power Grid Corp accepts bids for 10-year bonds, bankers say
MUMBAI, April 11 (Reuters) - Power Grid Corporation of India PGRD.NS (PGCIL) has accepted bids worth 60 billion rupees ($697 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 6.94%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, April 11 (Reuters) - Power Grid Corporation of India PGRD.NS (PGCIL) has accepted bids worth 60 billion rupees ($697 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 6.94%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0550 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Power Grid Corporation to issue 10-year bonds, bankers say
MUMBAI, April 8 (Reuters) - India's Power Grid Corporation of India(PGCIL) plans to raise 60 billion rupees ($696.02 million), including a greenshoe option of 45 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGCIL | 10 years | To be decided | 15+45 | April 11 | AAA(Crisil, Care, Icra) |
Shriram Finance | 3 years | 8.6 | 5.75 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.6 | 11.4 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | 7.7446 (yield) | 10 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | 7.72 (yield) | 2.05 | April 8 | AAA (Crisil, Icra) |
REC | 15 years | 7.02 | 26.25 | April 8 | AAA (Crisil, Icra, Care) |
HDB Financial Sept 2027 reissue | 2 years and 5 months | 7.6184 (yield) | 1+4 | April 9 | AAA (Crisil, Care) |
HDB Financial | 3 years and 1 month | 7.65 | 10+5 | April 9 | AAA (Crisil, Care) |
Axis Finance | 3 years and 2 months | 7.73 | 3+5 | April 9 | AAA (India Ratings) |
Axis Finance | 5 years | 7.75 (yield) | 2+4 | April 9 | AAA (India Ratings) |
Tata Capital July 2028 reissue | 3 years and 3 months | 7.6005 (yield) | 11.75 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.62 | 15 | April 7 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.2040 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, April 8 (Reuters) - India's Power Grid Corporation of India(PGCIL) plans to raise 60 billion rupees ($696.02 million), including a greenshoe option of 45 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGCIL | 10 years | To be decided | 15+45 | April 11 | AAA(Crisil, Care, Icra) |
Shriram Finance | 3 years | 8.6 | 5.75 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.6 | 11.4 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | 7.7446 (yield) | 10 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | 7.72 (yield) | 2.05 | April 8 | AAA (Crisil, Icra) |
REC | 15 years | 7.02 | 26.25 | April 8 | AAA (Crisil, Icra, Care) |
HDB Financial Sept 2027 reissue | 2 years and 5 months | 7.6184 (yield) | 1+4 | April 9 | AAA (Crisil, Care) |
HDB Financial | 3 years and 1 month | 7.65 | 10+5 | April 9 | AAA (Crisil, Care) |
Axis Finance | 3 years and 2 months | 7.73 | 3+5 | April 9 | AAA (India Ratings) |
Axis Finance | 5 years | 7.75 (yield) | 2+4 | April 9 | AAA (India Ratings) |
Tata Capital July 2028 reissue | 3 years and 3 months | 7.6005 (yield) | 11.75 | April 7 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.62 | 15 | April 7 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.2040 Indian rupees)
(Reporting by Khushi Malhotra)
Power Grid Corporation Proposes Issue Of Non-Convertible Bonds
April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID PROPOSES ISSUE OF NON-CONVERTIBLE BONDS UNDER PRIVATE PLACEMENT
POWER GRID CORPORATION OF INDIA LTD - TO CONSIDER ISSUE OF BOND
Source text: ID:nBSE4gmsK2
Further company coverage: PGRD.NS
(([email protected];))
April 1 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID PROPOSES ISSUE OF NON-CONVERTIBLE BONDS UNDER PRIVATE PLACEMENT
POWER GRID CORPORATION OF INDIA LTD - TO CONSIDER ISSUE OF BOND
Source text: ID:nBSE4gmsK2
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corp Approves Investment For Procurement Of Transformers At 6.73 Billion Rupees
March 28 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP- INVESTMENT APPROVAL FOR PROCUREMENT OF TRANSFORMERS AT 6.73 BILLION RUPEES
Source text: ID:nBSE4V1SyV
Further company coverage: PGRD.NS
(([email protected];))
March 28 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP- INVESTMENT APPROVAL FOR PROCUREMENT OF TRANSFORMERS AT 6.73 BILLION RUPEES
Source text: ID:nBSE4V1SyV
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India Acquires Kurnool III PS RE Transmission
March 27 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES KURNOOL III PS RE TRANSMISSION
POWER GRID CORPORATION OF INDIA - ACQUISITION VALUE OF KPRTL APPROXIMATELY 190.4 MILLION RUPEES
Source text: ID:nBSE9vWh9b
Further company coverage: PGRD.NS
(([email protected];;))
March 27 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES KURNOOL III PS RE TRANSMISSION
POWER GRID CORPORATION OF INDIA - ACQUISITION VALUE OF KPRTL APPROXIMATELY 190.4 MILLION RUPEES
Source text: ID:nBSE9vWh9b
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corporation Of India Acquires Fatehgarh II And Barmer I PS Transmission
March 21 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA - ACQUIRES FATEHGARH II AND BARMER I PS TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 68.6 MILLION RUPEES
Source text: ID:nNSE5m0L2h
Further company coverage: PGRD.NS
(([email protected];;))
March 21 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA - ACQUIRES FATEHGARH II AND BARMER I PS TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 68.6 MILLION RUPEES
Source text: ID:nNSE5m0L2h
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid - Fined 1 Million Rupees Each By BSE And NSE For Non-Compliance
Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID - FINED 1 MILLION RUPEES EACH BY BSE AND NSE FOR NON-COMPLIANCE
POWER GRID CORPORATION OF INDIA LTD - CO LACKED REQUISITE NUMBER OF INDEPENDENT DIRECTORS IN Q4 2024
Source text: ID:nBSE7VKLJ
Further company coverage: PGRD.NS
Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID - FINED 1 MILLION RUPEES EACH BY BSE AND NSE FOR NON-COMPLIANCE
POWER GRID CORPORATION OF INDIA LTD - CO LACKED REQUISITE NUMBER OF INDEPENDENT DIRECTORS IN Q4 2024
Source text: ID:nBSE7VKLJ
Further company coverage: PGRD.NS
Power Grid Corp - Approves Transmission Scheme For Evacuation Of Power From Ratle And Kiru Hep
March 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR EVACUATION OF POWER FROM RATLE AND KIRU HEP
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA FOR 1.23 BILLION RUPEES
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR RATLE AND KIRU HEP AT 2.19 BILLION RUPEES
Source text: ID:nBSE8LcRx9
Further company coverage: PGRD.NS
(([email protected];;))
March 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR EVACUATION OF POWER FROM RATLE AND KIRU HEP
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA
POWER GRID CORP - APPROVES AUGMENTATION OF TRANSFORMATION CAPACITY IN KARNATAKA FOR 1.23 BILLION RUPEES
POWER GRID CORP - APPROVES TRANSMISSION SCHEME FOR RATLE AND KIRU HEP AT 2.19 BILLION RUPEES
Source text: ID:nBSE8LcRx9
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corp Declared As Successful Bidder Under TBCB
March 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - - POWERGRID DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE7PRtNg
Further company coverage: PGRD.NS
(([email protected];))
March 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - - POWERGRID DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE7PRtNg
Further company coverage: PGRD.NS
(([email protected];))
GE Vernova T&D India rises after order win from Power Grid Corp
** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees
** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)
** Order for supply and installation of transformers and reactors under bulk procurement
** Stock on track to snap 4-week losing streak; gained 1.7% so far this week
** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG
** GETD last up 3%, cutting YTD losses to 34.4%
($1 = 87.1275 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees
** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)
** Order for supply and installation of transformers and reactors under bulk procurement
** Stock on track to snap 4-week losing streak; gained 1.7% so far this week
** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG
** GETD last up 3%, cutting YTD losses to 34.4%
($1 = 87.1275 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Power Grid Corp Declared As Successful Bidder Under TBCB
March 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
POWER GRID CORP - SUCCESSFUL BIDDER FOR THREE PROJECTS TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM
Source text: ID:nBSE2Zxf52
Further company coverage: PGRD.NS
(([email protected];;))
March 4 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
POWER GRID CORP - SUCCESSFUL BIDDER FOR THREE PROJECTS TO ESTABLISH INTER-STATE TRANSMISSION SYSTEM
Source text: ID:nBSE2Zxf52
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corporation Of India Acquires Bidar Transco Limited
Feb 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID ACQUIRES BIDAR TRANSCO LIMITED
ACQUISITION COST 65.2 MILLION RUPEES
Source text: ID:nBSE5PVhsd
Further company coverage: PGRD.NS
(([email protected];;))
Feb 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID ACQUIRES BIDAR TRANSCO LIMITED
ACQUISITION COST 65.2 MILLION RUPEES
Source text: ID:nBSE5PVhsd
Further company coverage: PGRD.NS
(([email protected];;))
Godawari Power And Ispat Gets Approval Of Co's Steel Billets By Power Grid Corp
Feb 6 (Reuters) - Godawari Power and Ispat Ltd GDPI.NS:
GODAWARI POWER AND ISPAT - APPROVAL OF CO'S STEEL BILLETS BY POWER GRID CORPORATION OF INDIA
GODAWARI POWER AND ISPAT - APPROVAL FOR MANUFACTURE OF GALVANIZED FABRICATED STEEL STRUCTURES
Source text: ID:nBSE6gMC0
Further company coverage: GDPI.NS
(([email protected];;))
Feb 6 (Reuters) - Godawari Power and Ispat Ltd GDPI.NS:
GODAWARI POWER AND ISPAT - APPROVAL OF CO'S STEEL BILLETS BY POWER GRID CORPORATION OF INDIA
GODAWARI POWER AND ISPAT - APPROVAL FOR MANUFACTURE OF GALVANIZED FABRICATED STEEL STRUCTURES
Source text: ID:nBSE6gMC0
Further company coverage: GDPI.NS
(([email protected];;))
India's Power Grid Corp drops after Q3 profit misses estimates
** Power Grid Corporation of India PGRD.NS slides as much as 4.1% to 272.1 rupees, its lowest in near 10 months
** Stock among top five losers on benchmark Nifty 50 index .NSEI, which is up 0.7%
** State-run energy transmission firm reported Q3 profit below estimates, hurt by sluggish power demand
** PGRD is the only stock trading in red on the Nifty PSE index .NIFTYPSE, which is trading up 1.8%
** PGRD rated "Buy" on avg, same as peer NTPC NTPC.NS, while Tata Power TTPW.NS, Torrent Power TOPO.NS rated "Hold" - LSEG data
** PGRD last down 1.2%
** YTD, PGRD, NTPC, TTPW down ~9%, ~6%, ~8% and ~9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Power Grid Corporation of India PGRD.NS slides as much as 4.1% to 272.1 rupees, its lowest in near 10 months
** Stock among top five losers on benchmark Nifty 50 index .NSEI, which is up 0.7%
** State-run energy transmission firm reported Q3 profit below estimates, hurt by sluggish power demand
** PGRD is the only stock trading in red on the Nifty PSE index .NIFTYPSE, which is trading up 1.8%
** PGRD rated "Buy" on avg, same as peer NTPC NTPC.NS, while Tata Power TTPW.NS, Torrent Power TOPO.NS rated "Hold" - LSEG data
** PGRD last down 1.2%
** YTD, PGRD, NTPC, TTPW down ~9%, ~6%, ~8% and ~9%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Power Grid Corp Of India Q3 Consol Profit 38.62 Bln Rupees; IBES Est. 40.62 Billion Rupees
Feb 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
Q3 CONSOL PROFIT 38.62 BLN RUPEES; IBES EST. 40.62 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 112.33 BILLION RUPEES; IBES EST. 120.28 BILLION RUPEES
DIVIDEND OF 3.25 RUPEES PER SHARE
APPROVED INVESTMENT AT HINDALCO SWITCHYARD FOR 3.7 BLN RUPEES
Further company coverage: PGRD.NS
(([email protected];))
Feb 3 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
Q3 CONSOL PROFIT 38.62 BLN RUPEES; IBES EST. 40.62 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 112.33 BILLION RUPEES; IBES EST. 120.28 BILLION RUPEES
DIVIDEND OF 3.25 RUPEES PER SHARE
APPROVED INVESTMENT AT HINDALCO SWITCHYARD FOR 3.7 BLN RUPEES
Further company coverage: PGRD.NS
(([email protected];))
Power Finance Says Gadag II And Koppal II Transmission Transferred To Power Grid Corporation
Jan 16 (Reuters) - Power Finance Corporation PWFC.NS:
GADAG II AND KOPPAL II TRANSMISSION TRANSFERRED TO POWER GRID CORPORATION
BIJAPUR REZ TRANSMISSION TRANSFERRED TO G R INFRAPROJECTS
Source text: ID:nBSE99YXrZ
Further company coverage: PGRD.NS
(([email protected];;))
Jan 16 (Reuters) - Power Finance Corporation PWFC.NS:
GADAG II AND KOPPAL II TRANSMISSION TRANSFERRED TO POWER GRID CORPORATION
BIJAPUR REZ TRANSMISSION TRANSFERRED TO G R INFRAPROJECTS
Source text: ID:nBSE99YXrZ
Further company coverage: PGRD.NS
(([email protected];;))
Power Finance Says Kudankulam JSTS Transmission Transferred To Power Grid
Jan 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER FINANCE - KUDANKULAM JSTS TRANSMISSION TRANSFERRED TO POWER GRID
POWER FINANCE - DEAL FOR 74.4 MILLION RUPEES
Source text: ID:nBSE9K8X9w
Further company coverage: PGRD.NS
(([email protected];;))
Jan 10 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER FINANCE - KUDANKULAM JSTS TRANSMISSION TRANSFERRED TO POWER GRID
POWER FINANCE - DEAL FOR 74.4 MILLION RUPEES
Source text: ID:nBSE9K8X9w
Further company coverage: PGRD.NS
(([email protected];;))
Power Grid Corp Declared As Successful Bidder Under TBCB
Jan 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE3GCxv3
Further company coverage: PGRD.NS
(([email protected];))
Jan 6 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - DECLARED AS SUCCESSFUL BIDDER UNDER TBCB
Source text: ID:nBSE3GCxv3
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India Acquires Rajasthan IV 4A Power Transmission
Dec 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES RAJASTHAN IV 4A POWER TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - PROJECT INCLUDES 765/400KV SUB-STATION AND TRANSMISSION LINES
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 183.7 MILLION RUPEES
Source text: ID:nBSE9RYX03
Further company coverage: PGRD.NS
(([email protected];))
Dec 30 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID ACQUIRES RAJASTHAN IV 4A POWER TRANSMISSION LIMITED
POWER GRID CORPORATION OF INDIA LTD - PROJECT INCLUDES 765/400KV SUB-STATION AND TRANSMISSION LINES
POWER GRID CORPORATION OF INDIA LTD - ACQUISITION VALUE APPROXIMATELY 183.7 MILLION RUPEES
Source text: ID:nBSE9RYX03
Further company coverage: PGRD.NS
(([email protected];))
India New Issue-PGC accepts bids for 10-year bonds, bankers say
MUMBAI, Dec 23 (Reuters) - Power Grid Corp of India PGRD.NS has accepted bids worth 39.75 billion rupees ($467.2 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.12% and had invited bids from bankers and investors for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGC | 10 years | 7.12 | 39.75 | Dec. 23 | AAA (Crisil, Icra) |
HUDCO | 10 years | 7.12 | 12.30 | Dec. 23 | AAA (India Ratings, Care) |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.0775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Dec 23 (Reuters) - Power Grid Corp of India PGRD.NS has accepted bids worth 39.75 billion rupees ($467.2 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.12% and had invited bids from bankers and investors for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PGC | 10 years | 7.12 | 39.75 | Dec. 23 | AAA (Crisil, Icra) |
HUDCO | 10 years | 7.12 | 12.30 | Dec. 23 | AAA (India Ratings, Care) |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.0775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-Power Grid Corp to issue 10-year bonds, bankers say
MUMBAI, Dec 19 (Reuters) - Power Grid Corp of India PGRD.NS plans to raise 42.50 billion rupees ($499.31 million), including a greenshoe option of 32.50 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp of India | 10 years | To be decided | 10+32.50 | Dec. 23 | AAA (Crisil, Icra) |
HDB Financial Dec 2026 reissue | 2 years | 7.84 (yield) | 5.50 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 (yield) | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.1170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Dec 19 (Reuters) - Power Grid Corp of India PGRD.NS plans to raise 42.50 billion rupees ($499.31 million), including a greenshoe option of 32.50 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited bids from bankers and investors for the issue on Monday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Power Grid Corp of India | 10 years | To be decided | 10+32.50 | Dec. 23 | AAA (Crisil, Icra) |
HDB Financial Dec 2026 reissue | 2 years | 7.84 (yield) | 5.50 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 (yield) | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.1170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Power Grid Corporation Of India Approves Raising Of Bonds Up To 42.5 Billion Rupees
Dec 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID APPROVES RAISING OF BONDS UP TO 42.50 BILLION RUPEES
Source text: ID:nNSE7DvqW0
Further company coverage: PGRD.NS
(([email protected];))
Dec 18 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWERGRID APPROVES RAISING OF BONDS UP TO 42.50 BILLION RUPEES
Source text: ID:nNSE7DvqW0
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corporation Of India To Consider Issue Of Debentures
Dec 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID TO CONSIDER ISSUE OF DEBENTURES
Source text: ID:nBSE4DCQMX
Further company coverage: PGRD.NS
(([email protected];))
Dec 13 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORPORATION OF INDIA LTD - POWERGRID TO CONSIDER ISSUE OF DEBENTURES
Source text: ID:nBSE4DCQMX
Further company coverage: PGRD.NS
(([email protected];))
Acquisition Of Khavda V-A Power Transmission By Powergrid Under TBCB Route
Nov 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - ACQUISITION OF KHAVDA V-A POWER TRANSMISSION BY POWERGRID UNDER TBCB ROUTE
POWER GRID CORP - KVAPTL ACQUIRED FOR AGGREGATE VALUE OF 189.5 MILLION RUPEES
Source text: ID:nBSE2t0KV8
Further company coverage: PGRD.NS
(([email protected];))
Nov 19 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - ACQUISITION OF KHAVDA V-A POWER TRANSMISSION BY POWERGRID UNDER TBCB ROUTE
POWER GRID CORP - KVAPTL ACQUIRED FOR AGGREGATE VALUE OF 189.5 MILLION RUPEES
Source text: ID:nBSE2t0KV8
Further company coverage: PGRD.NS
(([email protected];))
Power Grid Corp Acquires Bikaner A Power Transmission For 184.7 Million Rupees
Nov 11 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - ACQUIRED BIKANER A POWER TRANSMISSION FOR 184.7 MILLION RUPEES
Source text: ID:nBSE2DTl4H
Further company coverage: PGRD.NS
(([email protected];))
Nov 11 (Reuters) - Power Grid Corporation of India Ltd PGRD.NS:
POWER GRID CORP - ACQUIRED BIKANER A POWER TRANSMISSION FOR 184.7 MILLION RUPEES
Source text: ID:nBSE2DTl4H
Further company coverage: PGRD.NS
(([email protected];))
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What does Power Grid Corp do?
Power Grid Corporation of India Limited, a government-owned enterprise established in 1989, focuses on electric power transmission to ensure uninterrupted power supply and generates revenue through consultancy and telecommunication services.
Who are the competitors of Power Grid Corp?
Power Grid Corp major competitors are Tata Power, Adani Energy Solut., CESC, Reliance Infra, INDIGRID Infra Trust. Market Cap of Power Grid Corp is ₹2,75,437 Crs. While the median market cap of its peers are ₹22,787 Crs.
Is Power Grid Corp financially stable compared to its competitors?
Power Grid Corp seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Power Grid Corp pay decent dividends?
The company seems to pay a good stable dividend. Power Grid Corp latest dividend payout ratio is 67.19% and 3yr average dividend payout ratio is 65.02%
How has Power Grid Corp allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Power Grid Corp balance sheet?
Balance sheet of Power Grid Corp is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Power Grid Corp improving?
Yes, profit is increasing. The profit of Power Grid Corp is ₹15,632 Crs for TTM, ₹15,573 Crs for Mar 2024 and ₹15,420 Crs for Mar 2023.
Is the debt of Power Grid Corp increasing or decreasing?
Yes, The net debt of Power Grid Corp is increasing. Latest net debt of Power Grid Corp is ₹1,20,888 Crs as of Mar-25. This is greater than Mar-24 when it was ₹1,08,458 Crs.
Is Power Grid Corp stock expensive?
Yes, Power Grid Corp is expensive. Latest PE of Power Grid Corp is 17.86, while 3 year average PE is 12.31. Also latest EV/EBITDA of Power Grid Corp is 10.19 while 3yr average is 8.14.
Has the share price of Power Grid Corp grown faster than its competition?
Power Grid Corp has given better returns compared to its competitors. Power Grid Corp has grown at ~13.93% over the last 7yrs while peers have grown at a median rate of 7.9%
Is the promoter bullish about Power Grid Corp?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Power Grid Corp is 51.34% and last quarter promoter holding is 51.34%.
Are mutual funds buying/selling Power Grid Corp?
The mutual fund holding of Power Grid Corp is increasing. The current mutual fund holding in Power Grid Corp is 13.0% while previous quarter holding is 12.11%.