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PGCIL to set up new subsidiary

PGCIL to set up new subsidiary
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First Published: Sun, Jul 13 2008. 11 50 AM IST
Updated: Sun, Jul 13 2008. 11 50 AM IST
PTI
New Delhi: The board of state-run Power Grid Corporation of India Ltd (PGCIL) has approved the setting up of a wholly-owned subsidiary company for Independent Power System Operation.
“The Board of Directors in a meeting have granted approval to set up a wholly-owned subsidiary of the company for Independent Power System Operation,” the company said in a filing to the Bombay Stock Exchange.
This decision has been taken on the advice of the government that work of arrangement of the operation of national and regional load dispatch centres would fall under the purview of this subsidiary company.
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First Published: Sun, Jul 13 2008. 11 50 AM IST