Power Grid Share Price

Power Grid overview

Power Grid journey

• 991: NPCIL’s transmission assets are transferred to Power Grid.
• 1992: Power Grid takes over transmission assets of Neyveli Lignite Corporation Ltd.
• 1993: Power Grid takes over transmission assets of Tehri Hydro Development Corporation Ltd.
• 1994: Power Grid was entrusted with controlling the existing load dispatch centers.
• 1994-1996: Power Grid is entrusted with 5 regional load dispatch and communication centers in a phased manner.
• 1998: Power Grid is notified as the Central Transmission Utility by the government.
• 2007: Equity shares listed on the stock exchanges.
• 2009: Power System Operation Corporation Limited, Power Grid’s subsidiary, is incorporated.
• 2010: Fresh equity shares on stock exchanges listed through follow-on public offers.
• 2013: The central public sector undertaking issues maiden foreign currency bonds of US$500 million.
• 2016: Commissioned the Indo-Nepal cross border.
• 2017: In July, 765 kV D/C Nizamabad-Hyderabad was commissioned.
• 2018: In March, 765 kV Jabalpur-Orai- Aligarh D/C IR System was commissioned. In December, the guidelines for the export and import (cross border) of electricity were issued.
• 2020: By March, the transmission system linked to GEC-I is completed. By June, the transmission system linked to Solar Ultra Mega Power Projects is complete.
• 2021: The Power Grid Infrastructure Investment Trust is the first InvIT sponsored by a Central Public Sector Enterprise and public offer of ₹7,735 crore launched by the central public sector undertaking.
• 2022: REMC Telangana is commissioned. All the REMs assigned to Power Grid are operational.

Power Grid - Initial Public Offer (IPO)

Power Grid products

• Transmission
• Consultancy
• Telecom

Power Grid business highlights

Power Grid performance highlights

Power Grid management

• Chairman & Managing Director: Shri K Sreekant
• Director (Personnel): Shri Vinod Kumar Singh
• Director (Projects): Shri Abhay Choudhary
• Director (Operations): Shri R K Tyagi
• Director (Finance): Shri G Ravisankar
• Government Nominee Director: Shri Mohammad Afzal
• Government Nominee Director: Shri Dilip Nigam
• Independent Director: Shri Chetan Bansilal Kankariya
• Independent Director: Shri Onkarappa K N
• Independent Director: Shri Ram Naresh Tiwari

Indian power transmission industry overview

Size of the Indian power transmission industry

• As of July 2022, India has an installed power capacity of 404 GW.
• From FY2012-13 to FY2018-19, the transmission line length grew at a CAGR of over 7.5%.
• As of May 2022, India has a total thermal installed capacity of 236 GW.
• The total Foreign Direct Investment (FDI) inflow in the power industry was USD 15.89 billion from April 2000 to March 2022. This was 2.77% of the country’s total FDI inflow.

Industry growth prospects

Power Grid growth prospects

• Through Advanced Metering Infrastructure, Power Grid intends to be a service provider to various utilities for Advanced Metering consisting of communication systems, smart meters, and control center applications on CAPEX and OPEX models.
• Another area where investments will be made is battery energy storage systems. The CEA expects the integration of around 27 GW, 108 GWh into the grid by FY2029-30.
• The firm is also considering solar energy generation opportunities. The central public sector undertaking has set up over 6 MW of rooftop solar PV systems for captive uses. It is now looking into large-scale solar PV plants on vacant land located on their premises.

Risks and concerns

• Some of the challenges facing the power sector include the shortage of domestic coal supplies, lack of transmission capacity, and rising non-performing assets.
• The rising power generation costs on account of limited fuel availability and the weak financial health of State Discoms have led to suppressed demand projections by State Discoms.
• Renewable energy projects are not able to match the energy and peak demand growth.

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