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 Limited (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 
 arrangement.  
   
 Navratna Company 
  
 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.  
 
 
 Major events 
  
 In addition to events described hereinabove, the  following table
 illustrates the major events in the 
 history of our Company since its incorporation in 1989.  
 
 1989  
 Our Company was incorporated as ‘National Power Transmission
 Corporation Limited’. 
 
 1991
 Transmission assets from Nuclear Power Corporation Limited were
 transferred to our Company 
 pursuant to a memorandum of understanding executed between the
 parties. 
 
 1992 
 Transmission assets from NTPC, NHPC and North-Eastern Electric Power
 Corporation Limited 
 were transferred to our Company pursuant to legislation promulgated
 by the Parliament.  
 
 The name of our Company was changed from ‘National Power Transmission
 Corporation 
 Limited’ to ‘Power Grid Corporation of India Limited’. 
 
 1993  
 Transmission assets of Tehri Hydro Development Corporation Limited
 were transferred to our 
 Company pursuant to a memorandum of understanding executed between
 the parties. 
 
 1994 
 Our Company took over the management of the Southern Regional Load
 Despatch Centre. 
 
 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. 
 
 1995
 Our Company took over the management of the Eastern Regional Load
 Despatch Centre and the
 North Eastern Load Despatch Centre. 
 
 1996
 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. 
 
 1998  
 Our Company formulated an Environment and Social Policy and
 Procedures Code to deal with 
 environmental and social issues relating to its transmission
 projects.  
 
 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. 
 
 2001  
 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 
 telecommunications network. 
 
 2002 
 The unified load despatch and communications schemes for the northern
 and southern regions 
 were commissioned. 
 
 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
 Company was 
 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
 was commissioned. 
 
 2003  
 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
 Company was 
 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
 Bhutan 
 Telecommunications. 
 
 2005  
 The unified load despatch and communications scheme for the eastern
 region was commissioned. 
 
 2006  
 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. 
 
 2007 
 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. 
 
 2008  
 Our Company was declared as a Navratna public sector undertaking by
 the GoI.  
 
 The 220 KV Double Circuit Transmission line from Pul-e-Khumri to
 Kabul Transmission System 
 in Afghanistan was completed.  
 
 2009  
 The National Load Despatch Centre was established.  
 
 Our Subsidiary, Power System Operation Corporation Limited, was
 incorporated 
 
 Our Company was mentioned as the world’s third largest transmission
 utility by a news release 
 issued by the World Bank 
 
 2010 
 Our Company was selected as a consortium member to implement the
 National Knowledge 
 Network Project, a telecommunication infrastructure project.  
 
 Commissioning of the commercial operations of the National Load
 Despatch Centre.  
 
 Commissioning of the 220/110/20 KV Chimtala sub-station at Kabul,
 Afghanistan.  
 
 2011 
 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
 Acquisition (SCADA) 
 technology.  
 
 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. 
 
 1998-2001  and  
 Our Company was awarded the MoU Excellence Award.  2003-08 
 
 2000-2001  
 Our Company was awarded the Indo-German Greentech Environment
 Excellence 
 Award for implementation of Environment and Social Policy and
 Procedures and green 
 belt development. 
 
 2004  
 Our Company was awarded the Golden Peacock National Quality Award
 (Runners Up) 
 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. 
 
 2006  
 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. 
 
 2007  
 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 systems. 
 
 2008  
 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.  
 
 2009  
 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. 
 
 2010  
 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 best HR strategy in line with business
 by Asia’s 
 best employer brand awards.