In 1980 the Rajadhyaksha Committee on Power Sector Reforms submitted
its report to the GoI
suggesting extensive reforms in the Indian power sector. Based on the
recommendations of the
Rajadhyaksha Committee, in 1981 the GoI took the policy decision to
form a national power grid which would pave the way for the
integrated operation of the central and regional transmission
systems. Pursuant to this decision to form a national power grid, our
Company was incorporated on October 23, 1989 under the Companies Act,
1956 as ‘National Power Transmission Corporation Limited’, with the
responsibility of planning, executing, owning, operating and
maintaining the high voltage transmission systems in the country. We
received a certificate for commencement of business on November 8,
1990. The name of our Company was changed to its present name ‘Power
Grid Corporation of India Limited’ and a fresh certificate of
incorporation was issued on October 23, 1992. The name of our Company
was changed to its present name from ‘National Power Transmission
Corporation Limited’ as its then abbreviated form, ‘NPTC Limited’,
had close resemblance to another existing company, namely, NTPC
As on September 30, 2010, the total number of holders of Equity
Shares of our Company is 792,096. Our Company is presently listed on
the BSE and the NSE. Our Company is not operating under any
injunction or restraining order. Transfer of transmission assets from
generating units Initially, our Company was engaged in the management
of the transmission assets owned by the central generating companies
such as the NTPC, NHPC Limited (NHPC) and North-Eastern Electric
Power Corporation Limited. In January 1993, the National Thermal
Power Corporation Limited, the National Hydro Electric Power
Corporation Limited and the North-Eastern Electric Power Corporation
Limited (Acquisition and Transfer of Power Transmission Systems)
Ordinance, 1993 (Power Transmission Systems Ordinance) was enacted
pursuant to which the right, title and interest of these three power
generating companies in relation to the power transmission system,
comprising the main transmission lines, including the extra high
voltage alternative current transmission lines and the HVDC lines,
and sub-stations, owned by them, were acquired by the GoI and
transferred to our Company, with effect from April 1, 1992. Under the
Power Transmission Systems Ordinance, our Company acquired all the
rights, liabilities, assets, leaseholds, powers, authorities and
privileges and all movable and immovable property relating to the
power transmission systems owned by the three generating companies.
The Power Transmission Systems Ordinance also
provided that all employees of the three generating companies who
were associated with power transmission systems would be deemed to be
the employees of our Company. In April 1993, the Power Transmission
System Ordinance became a statute after receiving the assent of the
President of India.
Transmission assets of Neyveli Lignite Corporation Limited were taken
over by our Company with effect from April 1992 under the Neyveli
Lignite Corporation Limited (Acquisition and Transfer of Power
Transmission System) Act, 1994. The transmission assets of Nuclear
Power Corporation Limited and Tehri Hydro Development Corporation
Limited have also been transferred to our Company with effect from
April 1991 and August 1993, respectively, pursuant to memorandum of
understandings executed with our Company.
National and Regional Load Despatch Functions
In 1994, the GoI entrusted our Company with the further
responsibility of controlling the existing load despatch centres in
the country with a view to achieve better grid management and
operation. Pursuant to this decision, the control of the five
regional load despatch and communication centres was transferred to
our Company in a phased manner between 1994 and 1996. Our Company has
undertaken the ULDC and communication project (ULDC Project) under
which modernized load despatch facilities have been established in
each of the five regional centres. The implementation of the ULDC
Project has, amongst other things, caused the reduction of grid
disturbances, improved grid reliability and facilitated the
effective implementation of availability based tariff. On February
25, 2009, the NLDC was inaugurated. The NLDC is responsible for
monitoring the operations and grid security of the national grid and
supervises the scheduling and despatch of electricity over inter-
regional lines in coordination with the RLDCs. Our wholly-owned
subsidiary, POSOCO, was established in March 2009 to oversee the
grid management function of our operations and commenced operations
in March 2010. We are in the process of transferring the movable
assets of our power system operations segment to our subsidiary with
effect from October 1, 2010.
Designation as the CTU
Our Company was notified as the Central Transmission Utility by the
GoI on December 31, 1998. We continue to be the CTU under the
Electricity Act as per the notification issued by the GoI on November
27, 2003. Amongst other functions, as CTU we are required to (a)
undertake transmission of electricity through the inter-state
transmission system; (b) discharge all functions of planning and
co-ordination relating to inter-state transmission systems, with
certain specified authorities and stakeholders; (c) ensure
development of an efficient, coordinated and economical system of
inter-state transmission lines for smooth flow of electricity from
generating stations to load centres; and (d) provide
non-discriminatory open access to its transmission system for use by
any licensee or generating company on payment of transmission charges
and to any consumer on payment of transmission charges and a surcharge
thereon in accordance with the Electricity Act.
Under the Electricity Act, the CTU is required to undertake the
functions of the RLDC and we are
therefore responsible for (a) optimum scheduling and despatch of
electricity within the region, in accordance with the contracts
entered into with the licensees or the generating companies operating
in the region; (b) monitor grid operations; (c) keep accounts of
quantity of electricity transmitted through the regional grid; (d)
exercise supervision and control over the inter-state transmission
system; and (e) carrying out real time operations for grid control
and despatch of electricity within the region through secure and
economic operation of the regional grid in accordance with the grid
standards and grid code.
However, the National Electricity Policy states that the existing
arrangement of CTU operating the RLDCs will be reviewed by the GoI
based on the experience of working with the existing
On May 1, 2008, our Company was notified as a Navratna company by the
GoI, through notification (DPE OM No. 26(3)/2005-GM-GL-92). As a
Navratna company, we are eligible for enhanced delegation of powers
to our Board, including (a) power to incur capital expenditure
without governmental approval; (b) ceiling on equity investment to
establish financial joint ventures and wholly owned subsidiaries in
India or abroad will be 15% of the net worth of our Company in one
project limited to ` 10,000 million and the overall ceiling on such
investments in all projects put together will be 30% of the net worth
of our Company; (c) power to enter into merger and acquisitions
subject to certain conditions; and (d) the Board has the power to
further delegate the powers relating to human resource management
(appointments, transfers, postings etc,) of below Board level
executives to sub-committees of the Board or to executives of our
Company as may be decided by the Board.
Role in distribution reforms and rural electrification
In 2001, our Company was assigned the role of an
advisor-cum-consultant, by the GoI, for
implementation of the APDRP in 18 states in India. The objective of
the APDRP is to give impetus to reforms in the power distribution
sector and the responsibility of our Company extends to providing
assistance to SPUs in formulation of DPR, to technically examine the
DPRs and recommend them to the MoP and to monitor the implementation
of the schemes, the commercial performance and reform measures
undertaken by the SPUs in the assigned geographical areas. We
undertook the implementation of distribution improvement schemes in
the states of Bihar, Uttar Pradesh, Goa, Gujarat, Tripura and
Meghalaya on a deposit work basis. Our participation in APDRP
concluded in March 2009.
In addition to events described hereinabove, the following table
illustrates the major events in the history of our Company since its
incorporation in 1989.
Our Company was incorporated as ‘National Power Transmission
Transmission assets from Nuclear Power Corporation Limited were
transferred to our Company
pursuant to a memorandum of understanding executed between the
Transmission assets from NTPC, NHPC and North-Eastern Electric Power
were transferred to our Company pursuant to legislation promulgated
by the Parliament.
The name of our Company was changed from ‘National Power Transmission
Limited’ to ‘Power Grid Corporation of India Limited’.
Transmission assets of Tehri Hydro Development Corporation Limited
were transferred to our
Company pursuant to a memorandum of understanding executed between
Our Company took over the management of the Southern Regional Load
Our Company entered into a memorandum of understanding with the MoP,
which is revised
annually. We achieved the highest rating of ‘Excellent’ under the
memorandum of understanding. Transmission assets from Neyveli Lignite
Corporation Limited were transferred to our Company pursuant to
legislation promulgated by the Parliament.
Our Company took over the management of the Eastern Regional Load
Despatch Centre and the North Eastern Load Despatch Centre.
Our Company took over the management of the remaining two regional
load despatch centres,
namely, the Northern Regional Load Despatch Centre and the Western
Load Despatch Centre.
Our Company formulated an Environment and Social Policy and
Procedures Code to deal with
environmental and social issues relating to its transmission
Our Company was formally notified as a CTU by the GoI.
Our Company was declared as a Mini Ratna Category I public sector
undertaking by the GoI.
Our Company was granted Infrastructure Provider II license (IP II)
from the Department of
Telecommunications, GoI to pursue leasing of bandwidth capacity to
various customers on its
The unified load despatch and communications schemes for the northern
and southern regions
Our Company was appointed as the Advisor-cum-Consultant under the
APDRP by the MoP for
power sector reforms.
The Sasaram HVDC back to back transmission system developed by our
commissioned leading to the completion of the first phase of the
construction of the National Grid.
The 2,000 MW Talchar-Kolar bipolar HVDC link developed by our Company
Our Company entered into a joint venture arrangement with The Tata
Power Company Limited
implementing a part of the entire transmission system associated with
Tala Hydro-Electric Project which was the first public-private sector
initiative in the transmission sector.
The 400 KV Raipur-Rourkela line transmission line developed by our
commissioned and the Western region, Eastern Region and North-Eastern
Region begin operating in a synchronized manner with a cumulative
capacity of 50,000 MW.
Our Company secured its first international consultancy contract from
The unified load despatch and communications scheme for the eastern
region was commissioned.
The unified load despatch and communications scheme for the western
region was commissioned.
Our Company entered into an agreement with REC and certain state
governments and state
utilities for undertaking rural electrification works under the Rajiv
Gandhi Grameen Vidyutikaran
Yojana in nine states in India.
Dedication of transmission system associated with Tala Hydro-Electric
Project which was the first public-private sector initiative in the
transmission sector by the Prime Minister Dr. Manmohan Singh.
Listing of our Equity Shares on the Stock Exchanges.
Our Company was declared as a Navratna public sector undertaking by
The 220 KV Double Circuit Transmission line from Pul-e-Khumri to
Kabul Transmission System
in Afghanistan was completed.
The National Load Despatch Centre was established.
Our Subsidiary, Power System Operation Corporation Limited, was
Our Company was mentioned as the world’s third largest transmission
utility by a news release
issued by the World Bank
Our Company was selected as a consortium member to implement the
Network Project, a telecommunication infrastructure project.
Commissioning of the commercial operations of the National Load
Commissioning of the 220/110/20 KV Chimtala sub-station at Kabul,
Our Company entered into an MoU with Jamia Millia Islamia University
for the training and
certification of its System Operators in Supervisory Control And Data
Certifications, Awards and Recognitions
1993-1994 to present
Our Company has received the ‘Excellent’ rating under the memorandum
of understanding with the MoP since 1993-1994.
Our Company was awarded the MoU Excellence Award. 2003-08
Our Company was awarded the Indo-German Greentech Environment
Award for implementation of Environment and Social Policy and
Procedures and green
Our Company was awarded the Golden Peacock National Quality Award
in relation to quality standards.
Our Company was certified to operate an integrated management system
which complies with the requirements of BS EN ISO 9001:2000, BS EN
ISO 14001:1996 and OHSAS 18001:1999 standards in relation to
quality, environment and occupational health and safety standards
respectively with respect to design, engineering, procurement,
construction, operation and maintenance activities for transmission
systems up to 800 KV, HVDC, Supervisory Control and Data Acquisition
(SCADA), Energy Management Systems and Communication Projects.
Our Company was awarded the Green Award 2006 by the World Bank with
respect to the Powergrid System Development Project II for
commitment in the field of environmental sustainability.
The Eastern and North Eastern region of our Company were awarded the
prize for the best transmission system availability under Category I
and Category II, respectively for the year 2004-05.
Our Company was certified for PAS 99:2006 integrating the requirement
of ISO 9001:2000 for quality, ISO 14001:2004 for environment
management and OHSAS 18000:1999 for health and safety management
Our Company was recognised for its meritorious performance by the MoP
for the year 2006-07 and won a Gold Shield for the 132KV transmission
system in the North Eastern region and a Silver Shield for the 220KV
and 400KV transmission system in the Western region.
Our Company was awarded First Prize at IEEMA Power Awards 2009
ceremony for ‘Excellence in Power Transmission’ by NDTV Profit.
Our Company was recognised for its meritorious performance by the MoP
for the year 2007-08 and won a Gold Shield for the transmission
system at North Eastern region, a Silver Shield for the transmission
system at the Western region and a Silver Shield for the early
completion of the transmission project in Southern region I.
Our Company was awarded the All India Organization of Employers
Industrial Relations Award 2007-08 by the Ministry of Labour, GoI.
Our Company was awarded ‘Gold’ trophy under the institutional
category in SCOPE excellence awards for the year 2008-2009.
Our Company was awarded the ‘Star’ Public Sector Company Award for
2007-08 by Business Standard.
Our Company was awarded the Overall Utility Performance in
Transmission Segment Award for 2008-09 by KW Conferences in
association with Council of Power Utilities. Our Company was
featured in the list of top 250 global energy companies compiled by
Platts, a leading provider of energy and commodities information. Our
Company was also named amongst the fastest growing global energy
companies ranking for 2009 issued by Platts.
Our Company won the ‘Emerging Telecom Infrastructure Provider’ Award
at the INFOCOM CMAI National Telecom Awards 2009.
Our Company received a Certificate of Merit by the International
Federation of Training and Development Organizations, Canada at the
Global Human Resource Development Awards, 2009.
- Our Company received three Gold Shields for the transmission system
availability of Western region - I, of North Eastern region and for
the early completion of 220 KV D/C Pul-e-Khumri to Kabul
transmission line in Afghanistan; a Silver Shield for the system
availability at the Easter region - I, in the National Awards for
Meritorious Performance in Power Sector 2008-09 awarded by the MoP.
- Our Company is certified with Integrated Management System (IMS) as
per Publicly Available Specification, PAS 99:2006 integrating
requirement of ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007.
Our Company is also certified with SA 8000:2008 for its Social
Accountability System. Our Company won the Award for be st HR
strategy in line with business by Asia’s best employer brand awards.
- Powergrid is establishing a 1200 KV National Test station at
Nina.It is unique collaborative efforts where leading manufacturers
have joined hands with Power grid for indigenously developing the
technology for transmitting power at 1200kV.
- Power Grid Corp of India stated that its board approved investment
of Rs 2,034 crore in 3 different projects.
- Power Grid strengthens on Nepal Joint Venture
- State-owned PowerGrid Corp has decided to invest Rs 4,404.57 crore
to develop a transmission system for importing electricity from
- Power Grid Corporation of India Ltd (PGCIL) is in the final stage
of securing a USD 750 million loan from Asian Development Bank (ADB),
for financing its transmission project.
- Power Grid Corporation of India have signed a memorandum of
understanding (MoU) with Birla Institute of Management and Technology
(Bimtech), Greater Noida to jointly explore the opportunities for
capacity building, institution development and training and
- Power Grid Corporation of India Ltd has appointed Shri R. N. Nayak,
Director (Operations)as Chairman & Managing Director with effect from
September 01, 2011.
- State-owned Power Grid Corporation of India has diversified its
business into engineering, procurement and construction services in
India and overseas.
- Power Grid Corporation of India Limited, a Navratna state-owned
electric utility company, has planned to submit their bid for the
contract worth Rs. 1300 crore along with other domestic and foreign
players. Power Grid wheels about 51% of the total power generated in
India on its transmission network.
- Power Grid - POWERGRID signed SHA to set up Joint Venture
- Power Grid Corporation of India has received the board approval
for investing Rs 1,682.13 crore in the development of two projects in
Magarwada and Chhattisgarh.
- Power Grid Corporation of India which is India's principal electric
power transmission company stated that the company's board of
directors have given their consent for the formation of a Joint
Venture Company along with Odisha Power Transmission Corporation Ltd
- The state owned electric utilities company, Power Grid Corporation
of India Ltd said that it has succeeded in bagging the bid for
establishing transmission system associated with IPPs of Nagapattinam
/ Cuddalore Area.
- Power Grid explored the entry into 'Wire Business'.