Pgcil News

News

Asian Development Bank to give ₹1,540 crore for Tripura power projects

Tripura, a power surplus state, is supplying 190 MW to Bangladesh and 40 MW to NepalThe Department of Economic Affairs under the Union Finance Ministry had communicated it to TSECL and given its green signal to the ADB for taking appropriate steps

1 min read18 Jul 2019
News

Will a pan-India discom recharge the power sector?

The government plans to set up a national electricity distribution company (NEDC) as an equal joint JV between the state-run NTPC Ltd and Power Grid Corp. of India LtdIt will undertake electricity distribution by forming JVs with state-owned discoms and help bridge market and credit risks

2 min read2 Jul 2019
Industry

NTPC and Power Grid to form pan-India power distribution firm in an equal JV

The new public sector unit will focus on aggregating electricity demand in the country and cater to it It is being set up at a time when the state owned discoms are struggling with their finances on account of losses and borrowings

3 min read12 Mar 2019
Companies

Power Grid plans to invest Rs25,000 crore capex this fiscal

Power Grid Corp., which has reported a 22% rise in standalone net profit for fourth quarter at Rs1,916.36 crore, has planned a capex of Rs25,000 crore for this fiscal

1 min read30 May 2017
Companies

KEC International bags orders worth Rs945 crore

KEC International has won new orders worth Rs945 crore. Under transmission and distribution business, the company bagged orders worth Rs560 crore in India

1 min read21 May 2017
Industry

Power Grid’s Rs1 trillion expansion to back Modi’s economic, strategic goals

Power Grid is also planning an overseas expansion by bidding for global transmission projects jointly with private players

2 min read14 Jul 2016
Industry

Ethiopia may renew key power pact awarded to PGCIL-led group

Contract, set to expire in Aug, involves power generation, distribution; renewal comes ahead of Oct India-Africasummit

2 min read29 Jul 2015
Industry

India starts work on green power corridors

PGCIL plans to construct transmission links for 10,000MW solar capacity that may involve an investment of about `9,000 crore

3 min read7 Jul 2015
Companies

India in talks with ADB, World Bank for $2 bn loan for PGCIL

The transmission utility is also considering raising $500 million through global rupee-denominated bonds

2 min read3 Jul 2015
Industry

Power Grid plans to invest Rs22,500 crore in FY16

Power Grid chief said the firm has already deployed Rs4,000 crore for various projects in the last two months

1 min read2 Jun 2015
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