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POWER GRID CORPORATION OF INDIA LIMITED IPO

Company Profile : Power Grid Corporation of India Limited (Power Grid),is a Navratna state-owned electric utility company headquartered in Gurgaon, India. Power Grid wheels about 50% of the total power generated in India on its transmission network. Power Grid has a pan India presence with around 76,800 Circuit-km of Transmission network and 128 nos. of EHVAC & HVDC sub-stations with a total transformation capacity of 84,500 MVA. The Inter-regional capacity is enhanced to 22400 MW. Power Grid has also diversified into Telecom business and established a telecom network of more than 21,000 km across the country. Power Grid has consistently maintained the transmission system availability over 99.00% which is at par with the International Utilities.

The company have since completed 98 transmission projects and schemes on our own, valued in aggregate at approximately Rs. 248.01 billion. As at March 31, 2007, they had 48 transmission projects in various stages of implementation. Subject to government approvals, they plan to spend Rs. 550 billion towards investment in transmission projects during the GoI’s Eleventh Five Year Plan, which begins on April 1, 2007 and ends on March 31, 2012. The goal in the Eleventh Five Year Plan is to achieve a national power grid with inter-regional power transfer capacity of more than 37,000 MW, which would include our transmission system and others. The tariffs for the company’s transmission projects are determined by CERC, pursuant to Electricity Act and CERC regulations, and are presently based on a cost-plus tariff based system.

Some reasons to invest which are in favour of Power Grid:

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