PGCIL
CBI books IL&FS Energy, executives in alleged Rs 212 crore Canara Bank loan fraud case
The Central Bureau of Investigation has registered a case against IL&FS Energy Development Company and its executives over loan fraud. This case involves an alleged loss of Rs 212.34 crore linked to Canara Bank. The fraud stems from loans sanctioned by Syndicate Bank that were reportedly diverted from their intended projects. CBI conducted searches at multiple locations and seized various important documents related to the case.
KEC International bags Rs 2,872 crore PGCIL orders for 765 kV transmission lines
KEC International has secured orders worth ₹2,872 crore from Power Grid Corporation of India Ltd for 765 kV transmission lines. These contracts involve the design, supply, and installation of the high-voltage lines. The latest wins have contributed to a significant year-to-date order intake surpassing ₹13,500 crore for the company. This includes a major contribution from the Transmission and Distribution division amounting to ₹9,500 crore.
JioBlackRock Flexi Cap Fund exits NALCO, Hindustan Zinc; trims exposure in BSE, RIL
JioBlackRock Flexi Cap Fund reshuffled its portfolio in August, exiting 21 stocks while reducing exposure to 34 others, including NALCO, Hindustan Zinc and RIL. It increased holdings in 17 stocks and added 22 new names. The fund’s portfolio grew to 136 stocks, with banks accounting for its largest sector allocation.
KEC International sees no material impact on existing Powergrid contracts
The company has issued a clarification after receiving a communication from Power Grid Corporation of India Ltd (PGCIL) that it has been excluded for a period of nine months related to an earlier issue.
PGCIL gets CERC nod for separate firm for telecom, digital technology biz
Giving rationale behind incorporating a separate arm, PGCIL had pleaded that it is being proposed to maintain clarity in business operations and transparency in revenue of two businesses and for better control and management of two businesses.
PGCIL organises COVID-19 vaccination camps in NCR region; 2,600 people inoculated
PGCIL has organised vaccination camps in many locations for its employees at its establishments across the country like Kota, Bhiwadi, Misa, Namsai, Rourkela, Ara, Biharsharif, Saharsa, and Muzaffarpur etc. For all the camps the cost on account of vaccination was borne by PGCIL.
PGCIL to acquire 74% stake of JPVL in JPPGL for Rs 351 cr
PGCIL will purchase 74 per cent stake of Jaiprakash Power Ventures in JPL at an aggregate consideration of Rs 351,64,80,000, the filing stated.
India gets a new power central transmission utility
Hiving off of electricity transmission system planning business from PGCIL had been a long pending demand of the industry for fair bidding of transmission lines.
Cabinet Committee on Economic Affairs okays PGCIL InvIT for worth Rs 7100 cr assets
“This will be the first initial public offering of InvIT by any public sector entity. PGCIL is expected to mop up premium over Rs 7,100 crore block value through the issue," a person in know of the development said. The sources said the InvIT is likely to be carried out for about five operational transmission projects of the company.
Power Ministry asks PGCIL to set up central transmission utility
There have been allegations that PGCIL is at advantage as developer of power transmission projects because it is a central transmission unit (CTU).
PGCIL to hive off power transmission planning business
The move will help PGCIL diversify to other businesses and comes just in time when the government has kicked off a power distribution programme starting with the union territories. Sources said Power Grid Corp may explore bidding for some of the upcoming distribution licences on block.
PGCIL not to move TDSAT; other PSUs may follow suit
State-run Power Grid Corporation of India (PGCIL) will not go to the telecom tribunal against the telecom department's (DoT) demand notice for Rs 22,168 crore as licence fee dues, as it feels the Supreme Court's latest order and hearing seem to exempt it, a senior government official said.
PGCIL may get big pie of transmission corridors
Private transmission companies said discrimination between public and private companies is not in line with the intent of the Electricity Act to promote competition.
PGCIL builds Rs 800-crore transmission line linking West Bengal, Bihar
PGCIL is building a transmission line between West Bengal and Bihar at a cost of Rs 800 crore that will enhance electricity supply infrastructure.
PGCIL, TSECL ink pact to implement World Bank-aided project
Power Grid Corporation of India Ltd (PGCIL) and Tripura State Electricity Corporation Ltd (TSECL) today signed a deal for implementation of a World Bank aided project in the state.
Crompton Greaves bags contract to supply equipment to PGCIL
Avantha Group firm Crompton Greaves Ltd has bagged a contract from Power Grid Corporation of India Ltd (PGCIL) to supply six sub-station automation systems (SAS) in Jharkhand.
PGCIL FPO likely to hit market on December 3; may fetch Rs 7,400 crore
Panel of ministers on disinvestment is likely to meet on Friday to decide on the price band for PGCIL disinvestment, which is expected to raise around Rs 7,400 cr.
APTEL rejects PGCIL plea on outages due to maintenance
Electricity tribunal APTEL has rejected the plea of country's top transmission utility PGCIL, which sought exemption from penalty on power outages due to maintenance and construction activities.
PGCIL faces workers' resistance in Nigeria
The state-run Power Grid Corporation of India (PGCIL) is facing stiff opposition from the workers of a power transmission company in Nigeria.
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