Power Grid Corporation of India Ltd
NSE:POWERGRID
POWERGRID's latest stock split occurred on Sep 12, 2023
The company executed a 4-for-3 stock split, meaning that for every 3 shares held, investors received 4 new shares.
Before the split, POWERGRID traded at 198.38 per share. Afterward, the share price was about 191.3.
The adjusted shares began trading on Sep 12, 2023. This was POWERGRID's 2nd stock split, following the previous one in Jul 29, 2021.
WTO
Power Grid Corporation of India Ltd
Glance View
In the vast landscape of India’s power sector, Power Grid Corporation of India Ltd emerges as a pivotal entity, akin to the spine that supports a thriving organism. Established in 1989, the company has meticulously developed into the backbone of the nation's electric grid, tasked with the crucial role of transmitting bulk power across varied and challenging geographies. Its expansive network, consisting of thousands of kilometers of transmission lines, functions like arteries, transporting electricity from generation points to load centers with remarkable efficiency. This central responsibility is underscored by its management of nearly the entire nation's interstate and inter-regional electric power transmission system. Their network reliability and operational efficiency are anchored by cutting-edge technology and stringent maintenance protocols, ensuring seamless operations across India's diverse landscapes. The company's revenue model mimics the dynamics of a toll-based system where compensation is primarily sourced from regulated tariffs designated by the Central Electricity Regulatory Commission. Acting akin to a road that charges tolls for facilitating transportation, Power Grid charges various generation and distribution utilities for the use of its extensive transmission network to transport electricity. As India embarked on an ambitious path to expand renewable energy capacity, Power Grid adapted adeptly, integrating green energy corridors to channel new sources of power, such as solar and wind, into the mainstream grid. By doing so, it not only sustains its revenue streams but also aligns with national objectives on sustainable energy, reinforcing its status as a linchpin in India's ongoing energy transformation.
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