Asia300

Power Grid Corp. of India Ltd.

India

  • 1m
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Sep 20, 2017
Prev close: 212.85
Sep 20, 2017
Market cap:
Market cap(USD):
1,113.54B
17,324.68M
Shares: 5,231.58M

Currency in INR

Company profile

Market(Ticker): BOM(532898)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 9,346

Business summary

Power Grid Corp. of India Ltd. engages in the power transmission business. It operates through the following segments: Power Transmission, Telecommunications and Consultancy. The Power Transition segment constructs, operates, and maintains interstate and inter-regional electric power transmission across India. The Telecommunication segment provides national long distance telecommunications operations and overhead optic fiber networks on power transmission lines. The Consultancy segment provides consultancy services in the field of power transmission, sub-transmission, distribution, load dispatch, and communication and telecommunication sectors to state-owned utilities, private utilities, central public sector undertakings, and government departments. The company was founded on October 23, 1989 and is headquartered in Guragon, India.

Company background

Power Grid Corp. of India is the nation's largest electric power transmission utility, producing 50% of the power generated in the country. The Indian government holds around 60% of its shares. It handles the entire grid management and operation in the country through its 100% subsidiary Power System Operation Corp. The company is also involved in transmission-related consulting, with footprints in 18 countries, and owns and operates an intercity telecom network in India.

I. S. Jha, Director (Projects) of Power Grid Corp., has been holding additional charge of chairman and managing director following the retirement of R. N. Nayak on Sep. 30. An electrical engineer by qualification, Jha was appointed a director of the company's Board in 2009. He is a well-known electrical power system professional and has published numerous articles and technical papers on the subject.

The company, set up under the administrative control of the Power Ministry, was originally known as the National Power Commission, which came into being in October 1989 after the government decided to integrate operations of all central and regional transmission systems, and got its current name in October 1992. With six fully-owned subsidiaries and 12 joint ventures, it is now exploring business opportunities in areas such as smart city projects and green energy corridors.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 257,039.1M
Gross profit 157,582.7M
Operating income 150,115.4M
Income before tax 92,453.2M
Net income 74,507.3M
EBITDA 227,337.9M
Diluted EPS 14.24
Dividends per share 4.35
Total assets 2,104.53B
Total liabilities 1,635.62B
Total equity 468,905.9M
Operating cash flow 160,108.6M

Currency in INR

Revenue 3,833.13M
Gross profit 2,349.97M
Operating income 2,238.62M
Income before tax 1,378.72M
Net income 1,111.10M
EBITDA 3,390.21M
Diluted EPS 0.21
Dividends per share 0.06
Total assets 32,409.82M
Total liabilities 25,188.66M
Total equity 7,221.15M
Operating cash flow 2,387.64M

Currency in USD

Valuation measures

Mar 2017

PER 13.84
ROA 3.72%
ROE 17.12%
Operating margin 58.40%
Profit margin 28.98%

Key executive

  • Chairman & Managing Director: Indu Shekhar Jha
  • Executive Director, Director-Operations & Projects: R. P. Sasmal
  • Director & Finance Director: K. Sreekant
  • Secretary & Compliance Officer: Divya Tandon
  • Executive Director & Personnel Director: Ravi Prakash Singh

Share holders

  • Government of India(57.8%)
  • Capital Research & Management Co. (World Investors)(3.2%)
  • Comgest SA(2.3%)
  • Life Insurance Corp. of India(2.3%)
  • HDFC Asset Management Co. Ltd.(2.2%)
  • Capital Research & Management Co. (Global Investors)(1.8%)
  • ICICI Prudential Asset Management Co. Ltd.(1.5%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.1%)
  • The Vanguard Group, Inc.(1.0%)
  • Vontobel Asset Management, Inc.(0.9%)

Address

  • Website: http://www.powergridindia.com
  • Address: Saudamini, Near IFFCO Chowk, Gurgaon, 122001, India
  • Phone: +91.124.2571700

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