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The pioneer in the forefront
February 2017
Bajaj Electricals Ltd (BEL), which has pioneered the transmission technology using monopoles a decade ago, remains in the forefront of the industry by bagging the prestigious Noida to Greater Noida transmission project recently.
Fitch affirms ´BBB´ ratings to Power Grid Corp
November 2016
Fitch has affirmed investment grade rating with ´stable´ outlook on state-run Power Grid Corporation of India Ltd. ´At the same time, the agency has affirmed Power Grid´s senior unsecured rating and the ratings on its $500 million senior unsecured notes at ´BBB´,´ Fitch Ratings said in a statement.´
Fitch affirms 'BBB-' ratings to Power Grid Corp
October 2016
Fitch has affirmed investment grade rating with 'stable' outlook on state-run Power Grid Corporation of India Ltd. "At the same time, the agency has affirmed Power Grid's senior unsecured rating and the ratings on its $500 million senior unsecured notes at 'BBB-'," Fitch Ratings said in a statement. 'BBB' ratings indicate low default risk.
Rising hopes
January 2016
The Indian Transformer Industry, which has been facing challenges in terms of demand growth, is hoping for the good times in the wake of growing exports over the last couple of years and the government´s thrust for revival of power distribution companies (discoms) by sprucing up their physical and financial operations in the next three years.
Falling PLF
December 2015
India´s power generators continue to face low and declining capacity utilisation, mainly because financially stressed power-distribution companies are unable to purchase power. This underscores the importance of successfully addressing the power distributors´ financial health.
Crompton Greaves bags contract to supply equipment to PGCIL
May 2014
Avantha Group firm Crompton Greaves Ltd has bagged a contract from Power Grid Corporation of India Ltd (PGCIL) to supply six sub-station automation systems (SAS) in Jharkhand. The value of the contract has not been disclosed. Crompton Greaves' automation business unit would supply sub-stations while its engineering projects division would manage them, a statement issued here said. "The SAS is intended to help monitor and improve Power Grid's transmission capacity across the state," the release s
Cabinet agrees for two key power sector proposals
January 2013
The state cabinet gave its nod for the creation of Bihar Grid Company for which an agreement would be signed between the Bihar State Power (Holding) Company Ltd or its associate company and Power Grid Corporation of India Ltd (PGCIL), in a bid to strengthen the power transmission system in the state. The new company would function on build, own and operate (BOO) basis.
Cabinet agrees for two key power sector proposals
January 2013
The state cabinet gave its nod for the creation of Bihar Grid Company for which an agreement would be signed between the Bihar State Power (Holding) Company Ltd or its associate company and Power Grid Corporation of India Ltd (PGCIL), in a bid to strengthen the power transmission system in the state. The new company would function on build, own and operate (BOO) basis.
Power grid to enter distribution solution services
December 2012
The state run power transmission utility PGCIL plans to diversify into the wire and network strengthening business, which it considers as a big emerging investment avenue within the power sector. The company will undertake the laying, strengthening and maintenance of wires of the distribution firms and will also provide networking solution services. Power Grid Corporation of India Ltd (PGCIL), the state-owned transmission company, is all set to expand its scope by making its foray into the consu
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