Company History - Power Grid Corporation of India
The 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 country. We
received a certificate for commencement of business on November 8,
1990. The name of the 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 the 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, 2013, the total number of holders
of Equity Shares of the Company was 850,252. The Company is presently
listed on the BSE and the NSE. For further information on The
business including description of the activities, services, market of
each segment,The growth, technology, market, managerial competence and
capacity build-up, The standing with reference to The prominent
competitors, The Company is not operating under any injunction or
restraining order. Transfer of transmission assets from generating
units Initially, The Company was engaged in the management of the
transmission assets owned by the central power generating companies
such as the NTPC, NHPC Limited (NHPC) and North-Eastern Electric
Power Corporation Limited. Pursuant to the National Thermal Power
Corporation Limited, the National Hydroelectric Power Corporation
Limited and the North-Eastern Electric Power Corporation Limited
(Acquisition and Transfer of Power Transmission Systems) Act, 1993
(Power Transmission Systems Act) 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 the Company, with effect from
April 1, 1992. Under the Power Transmission Systems Act, The 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 Act 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 the Company. The right, title and interest of Neyveli
Lignite Corporation Limited in the power transmission system were
transferred to the Company with effect from April 1, 1992 under the
Neyveli Lignite Corporation Limited (Acquisition and Transfer of
Power Transmission System) Act, 1994. The transmission business of
Nuclear Power Corporation Limited, including ongoing and new projects
was transferred to The Company with effect from August 1991. The
transmission assets of Tehri Hydro Development Corporation Limited
have also been transferred to the Company with effect from August
1993, pursuant to memorandum of understanding executed with the
Company.
National and Regional Load Despatch Functions
In 1994, the GoI entrusted The 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
The Company in a phased manner between 1994 and 1996. The 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. NLDC main and back-up commenced commercial
operation with effect from April 1, 2009. 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. The wholly-owned
subsidiary, POSOCO, was incorporated in March 2009 to oversee the grid
management function of the
operations. It received the certificate of commencement of business
under the Companies Act 1956 in March 2010 and commenced operations
in October 2010. Accordingly, movable assets relating to RLDCs and
NLDC and related documents have been transferred to POSOCO and are in
operation under POSOCO since October 1, 2010.
Designation as the CTU
The 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 interstate
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 which is 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. POSOCO has been entrusted with the
responsibility to operate the RLDC pursuant to a notification dated
September 27, 2010 issued by the GoI. Accordingly, POSOCO is
responsible for overseeing the grid management function of the RLDCs
and NLDC. 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, The 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 the Board, including
(a) power to incur capital expenditure for setting up new projects or
expansion of existing
projects, without governmental approval;
(b) ceiling on equity investment to establish financial joint
ventures
and wholly owned subsidiaries in India or abroad of 15% of the net
worth of the Company in one project limited to Rs.10,000 million and
the overall ceiling on such investments in all projects put together
of 30% of the net worth of the Company;
(c) power to enter into merger and acquisitions subject to certain
conditions; and
(d) 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
the Company as may be decided by The Board. Role in distribution
reforms and rural electrification The Company has been assigned a
significant role in relation to implementation of projects under the
Rajiv Gandhi Grameen Vidyutikaran Yojana Scheme for Rural Electricity
Infrastructure & Household Electrification (Rural Electrification
Programme) for accelerated electrification of rural households to be
undertaken in
association with REC, the concerned state government and state power
utility.
Major events
1989
- The Company was incorporated as National Power Transmission
Corporation Limited.
1991
- Transmission assets from Nuclear Power Corporation Limited were
transferred to the Company.
1992
- Transmission assets from NTPC, NHPC and North-Eastern Electric
Power Corporation Limited were transferred to the Company, with
effect from April 1, 1992, pursuant to legislation promulgated by the
Parliament. The name of the 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 the Company pursuant to a memorandum of
understanding executed between the parties.
1994
- The 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
the Company, with effect from April 1, 1992, pursuant to legislation
promulgated by the Parliament.
1996
- Five Regional Load Despatch & Communication Centres were in the
management of the Company
1998
- The Company formulated an Environment and Social Policy and
Procedures Code to deal with environmental and social issues relating
to its transmission projects. The Company was formally notified as a
CTU by the GoI. The Company was declared as a Mini Ratna Category I
public sector undertaking by the GoI.
2002
- The unified load despatch and communications schemes for the
northern and southern regions were commissioned. Part of the Sasaram
HVDC back to back transmission system developed by The Company was
commissioned contributing towards the development of the first phase
of the construction of the National Grid. The Company was issued a
registration for Infrastructure Provider Category- I (IP-I) from
Director (BS-III), Ministry of Communications and Information
Technology.
2003
- The 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. The 400 kV
Raipur-Rourkela transmission line developed by The Company was
commissioned and the Western region, Eastern Region and North-Eastern
Region began operating in a synchronized manner with a cumulative
capacity of 50,000 MW.
- The Company secured its first international consultancy contract
from Bhutan Telecommunications.
- The Company was granted the License for maintaining and operating
Internet Service on a non-exclusive basis in India pursuant to the
License Agreement dated May 29, 2003 entered into with the Assistant
Director General (LR V), DoT.
2004
- The Company entered into an MoU with REC for undertaking rural
electrification works under the Rajiv Gandhi Grameen Vidyutikaran
Yojana.
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.
- The Company was granted the license for installing, operating and
maintaining the national long distance service network and providing
national long distance service on a non-exclusive basis within the
territorial boundaries of India pursuant to the License Agreement
dated July 5, 2006 entered into with the Director (BSIII), DoT.
2007
- Dedication of transmission system associated with Tala
Hydro-Electric Project by the Prime Minister Dr. Manmohan Singh.
Listing of our Equity Shares on the Stock Exchanges through an
initial public offer.
2008
- The Company was declared as a Navratna public sector undertaking by
the GoI.
2009
- The National Load Despatch Centre was established.
- The Subsidiary, Power System Operation Corporation Limited, was
incorporated
- The 220 kV Double Circuit Transmission line from Pul-e-Khumri to
Kabul Transmission System (230 kms) in Afghanistan was completed.
- Commissioning of the 220/110/20 kV Chimtala sub-station at Kabul,
Afghanistan.
- Commissioning of the commercial operations of the National Load
Despatch Centre.
2010
- The Company was selected as a consortium member to implement the
National Knowledge Network Project, a telecommunication
infrastructure project. The Company entered into an MoU with Jamia
Millia Islamia University for among other things, providing expert
opinion and knowledge support in areas for deployment of new
technology such as sub stations automation, System Operator in
Supervisory Control And Data Acquisition technology/ EMS, etc.
2011
- The Company participated in the TBCB for the first time.
2012
- The Company test charged 1,200 kV UHVAC line (the highest voltage
in the world) and established its first 1,200 kV test centre. The
Company adopted vision statement world class, integrated, global
transmission company with dominant leadership in emerging power
markets ensuring reliability, safety and economy and based on this
vision statement also restated the mission statement.The Company
established Indias first Smart Grid Control Centre at Puducherry,
under pilot project.
2013
- The Company received its international rating from S&P and Fitch
rating, for the first time.
- The Company became a part of the NOFN project.
- The Company signed an agreement with six north eastern region
states (Assam, Meghalaya, Mizoram, Manipur, Nagaland and Tripura) to
provide consultancy services as project design cum implementation
supervision consultant for implementation of the North Eastern Region
Power System Improvement Project.
Certifications, Awards and Recognitions
The Company has received the Excellent rating under the memorandum
of understanding with
the MoP from 1993-1994 to 2011-2012.
2007
- The Company was certified for PAS 99:2006, which integrates the
requirement of ISO
9001:2008, ISO 14001:2004 and OHSAS 18001:2007 for standards in
relation to quality,
environment and occupational health and safety standards respectively
with respect to design,
engineering, procurement, constructionof transmission systems up to
1200kV AC, +/-800 kV,
HVDC, and operation, maintenance activities for transmission system
up to 800kV AC & HDVC,
Supervisory Control and Data Acquisition (SCADA), Energy Management
Systems and
Communication Projects.
2009
- The Company was awarded First Prize at IEEMA Power Awards
2009
- Ceremony for Excellence in Power Transmission by NDTV Profit.
- The 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 400 kV Gooty - Raichur D/C (Quad) transmission
project. The Company was featured in the list of top 250 global
energy companies compiled by Platts, a leading provider of energy and
commodities information. The Company was also named amongst the
fastest growing global energy companies ranking for 2009 issued by
Platts.
2010
- The Company was recognised for its meritorious performance by the
MoP for the year 2009-10 and won a Gold Shield for the transmission
system at Western region, a Silver Shield for the
transmission system at the Eastern region and a Silver Shield for the
LILO of one ckt. of 400 kV
Maithon-Jamshedpur D/C at Mejia B.
- The Company is certified with SA 8000:2008 for its Social
Accountability System.
- The Company was mentioned as being number 18 on the list of fastest
growing Asian energy
companies, according to the Platts Top 250 Energy Company Rankings
for 2010.
- The Company was also featured in the Forbes Global 2000 list.
- The Company was awarded the Scope Award for Excellence and
Outstanding Contribution to
the Public Sector Management (2008-09) in the Large Scale PSE
Category by Standing
Conference of Public Enterprises and DPE.
2011
- The Company was awarded the Environmental Excellence & Sustainable
Development award- 2011 by the Indian Chamber of Commerce.
- The Company was recognised for its meritorious performance by the
MoP for the year 2010-11 and won a Gold Shield for the transmission
system at Eastern region, a Gold Shield for the
transmission system at the North Eastern region and a Silver Shield
for the transmission system at the Southern region.
2012
- The Company was awarded the Excellence in Innovation in Tower
Management award at the
INFOCOM CMAI National Telecom Awards 2011.
- The Company was conferred with PowerLine Awards 2012 in the Best
Performing Transmission Company by Power Line magazine
- The Company was awarded the India Power Awards 2012 under the
Largest Grid Operating
PSU category by Council of Power Utilities.
2013
- The Company was awarded the 4th DSIJ PSU Award 2012 for Fastest
Growing Navratna in Non-Manufacturing Category by Dalal Street
Investment Journal.
- The Company also won the Jury Award in Governance Now PSU Awards,
2013 by Governance Now, Institute for Competitiveness and Hammurabi
and Solomon.
- The Company was ranked as the Best Company by country of All
-Asia in Power Sector
Category by Institutional Investors LLC.
-POWERGRID signs MoU with Ministry of Power, Govt. of India
-POWERGRID signs Agreements with six NER States for improvement of
Intra- State Transmission and Distribution Systems
-POWERGRID bestowed with Top Infrastructure Company Award by Dun &
Bradstreet
2014
-MOU signed between POWERGRID and Ministry of Power for FY 2014-15
-POWERGRID signs CSR MoA with AIIMS
-POWERGRID signs MoUs for supporting Swachh Vidyalaya Abhiyan of
Govt. of India
-POWERGRID conferred with Public Service Excellence Award 2014 by
Delhi Institute of Management
-POWERGRID CMD conferred with Eminent Electrical Engineer Award
-POWERGRID conferred DSIJ PSU Award 2013 for being the Fastest
Growing Navratna PSU
2015
-Power Grid Corpo - Acquisition of 'Vindhyachal Jabalpur Transmission
Limited' by POWERGRID under Tariff Based Completive Bidd
-Power Grid Corpo - Acquisition of Gadarwara (A) Transco Limited and
Gadarwara (B) Transmission Limited
-Power Grid Corporation has approved a Rs 2,247.37 crore investment
plan for the third part of the inter-state electricity transmission
project
-Power Grid Corporation has incorporated a wholly owned subsidiary
company - Grid Conductors Ltd
-Power Grid Corporation - The Acquisition of Vemagiri II Transmission
Ltd by POWERGRID
2016
-Power Grid Corporation Successfully charged the 1st element of the
Project: Khammam - Nagarjunasagar 400kV D/C Transmission
-Power Grid gets board approval for investment proposal worth Rs 3324
crores
-Power Grid begins E-Reverse auction to procure major power
equipments
-Power Grid operationalizes 1,200 kV test station at Bina
-POWERGRID completed Unchahar-Fatehpur 400 kV D/c line under TBCB
-POWERGRID completed Srikakulam - Vemagiri 765 kV D/c line under
TBCB
2017
- Power Grid sees huge opportunity in rly line electrification
- Power Grid Corpo - Enters into loan agreement with Asian
Development Bank (ADB)
- Power Grid gets unified licence to offer telecom services
- Power Grid has been conferred the Best Performing Power
Transmission Utility Award by Central Board of Irrigation and Power
(CBIP).
- Power Grid has been awarded Healthy Award 2017 by Arogya World
recognizing it as a Healthy Workplace.
- Power Grid has been conferred Dun & Bradstreet Infra Award 2017 in
the Power Transmission category.
- Power Grid has won the Golden Peacock Award for Excellence in
Corporate Governance - 2017.
- Power Grid has been bestowed with Excellence in CSR Award by the
Hindi National Daily, Amar Ujala.
- Power Grid has conferred Energy Storage Project of the Year by
India Energy Storage Alliance (IESA) for the R&D project,
- Power Grid won 1st Prize in the category Best Garden in the City
by Haryana Urban Development Authority (HUDA) Gurugram in Spring
Fest- Flower Festival 2017.
2018
-Power Grid setting up 5 MWp rooftop solar projects.
-Golden Peacock Award for Corporate Social Responsibilty for the year
2017.
-Dun & Bradstreet Infra Award-2018 for Excellence in Power
Transmission category.
2019
-Power Grid bags inter-state transmission project.
-POWERGRID has been adjudged as one of the Indias Best Companies to
Work for 2019.
-POWERGRID emerged as the Winner of PMI India Awards - 2019.
2020
-GREENTECH Corona Warrior Award 2020 for COVID response.
-Best Workplaces in Industrial services for 2020 by Great Place to
Work Institute, India.
2021
-Winner of CSR Times Award 2021 in Water Conservation and Management
category for its prestigious project Integrated Watershed Management
at Kalahandi, Odisha at the 8th National CSR e-summit..
-Gold Award for Project: Caring Children for their Education Affected
by Communical, Caste, Ethnic or Terrorist Violence category in Power
Sector at the 10th Exceed CSR Awards 2021.
