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Open
9 Nov 2010
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Close
12 Nov 2010
3
Allotment
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Listing
Thu, Nov 25, 2010
Price Band
₹85 to ₹90
Issue Size
84,17,68,246 shares (agg. up to ₹7,442 Cr)
Lot Size
65 Shares
Listing Date
Thu, Nov 25, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 14.84x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fresh Issue is to meet the capital requirements for the implementation of certain identified transmission projects. | 3,691.63 |
| Total | 3,691.63 |
About PGCIL FPO
Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.Power Grid with a network of 150,000 transmission towers in India is planning to grow its telecom business by renting out at least 10-15 percent of its tower infrastructure to the telecom firms in the country. The proceeds will be mainly utilised for constructing nine country-wide high capacity power transmission corridors which would cost it more than Rs 50,000 Crore. Power Grid Corporation announced a 41 percent increase in its net profit to Rs.651 crore for the second quarter of financial year 2010-11. The company’s net profit also increased to Rs.1,354 crore in first six months compared to the Rs.1,006 crore it reported in 2009.+ Read More
Contact Details
Power Grid Corp.of India Ltd. AddressSaudamini‚ Plot No.2, Sector 29GurugramGurugram, Haryana, 122001+91 (124) 2571 700investors@powergridindia.comVisit Website