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Power Grid Separates Telecom Business into Subsidiary Targeting INR 1,000 Crore Revenue in FY24

Power Grid Corp is ready to separate its telecom business into a subsidiary by June 2023. The new subsidiary will target a revenue of INR 1,000 crore in FY24. May 24, 2023 Power Grid Corp will separate its telecom business into a subsidiary by June 2023. The public company will......
News Transmission, Distribution & Infrastructure

ADB to lend USD 1 Bn to Spruce up Power Transmission Infrastructure in India

The project will also include new high-voltage direct current terminals in Chhattisgarh, Tamil Nadu and Kerala December 11, 2015 The Asian Development Bank (ADB) recently said it will lend USD 1 billion to transmission utility Power Grid Corp. of India to build and upgrade high-voltage transmission lines and sub-stations in......
Headlines Industry Trends

Power shortages cost India $68 billion in GDP

Transmission bottlenecks are an important reason for these shortages September 27, 2013 India loses $68 billion, or about Rs. 4,14,800 crore of its Gross Domestic Product due to electricity shortage, says a report. “There is strong correlation between power consumption and the GDP of the country. Power shortages currently cost......

Power Grid should not be Central Transmission Utility: FICCI

August 15, 2013 Industry body FICCI has suggested that state-run Power Grid Corp should no longer be the ‘Central Transmission Utility’ as its present powers can lead to arm-twisting private players. Power Grid was conferred with the title of Central Transmission Utility in 1998 with the idea that it would......
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