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18 December 2017

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Power Grid Corporation of India Ltd (Power Generation And Supply)

Last Price 198.85
Net Changes -1.25
Volume 12743418
Prev Close 200.10
198.85 -1.25 (-0.62%)
Date: Dec 15,2017 EOD




Index Details Power Generation And Supply


Chart

Stock Price Details

Market Statistics

Open Price 200 Div Yield (%) 2.18
Buy (Size) 0.00(×0) Eps(Rs) 15.37
Sell (Size) 0.00(×0) Book Value(Rs) 99.2553698
Buy Quantity 0 Market Cap(Rs.Cr) 104317.9
Sell Quantity 0 Face Value(Rs) 10
Today's High 201.4 Market Lot 1
Today's Low 198.1 AGM Date Sep
52-Week High 226.4 Book Closure Date Sep
52-Week Low 176.65 ISIN No. INE752E01010

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 3028835198 57.90
Total of Promoter 3028835198 57.90
Non Promoter (Institution) 1855230023 35.46
Non Promoter (Non-Institution) 347524427 6.64
Total Non Promoter 2202754450 42.10
Total Promoter & Non Promoter 5231589648 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 5231589648 100.00

Company News

14-Dec-2017  PowerGrid slips after bulk deal
PowerGrid slips after bulk deal

Meanwhile, the S&P BSE Sensex was down 113.77 points or 0.34% at 32,939.27.

On the BSE, 7.71 lakh shares were traded in the counter so far as against average daily volume of 3.26 lakh shares in the past one quarter. The stock had hit a high of Rs 202 and a low of Rs 198.95 so far during the day. The stock had hit a record high of Rs 226.40 on 8 August 2017. The stock had hit a 52-week low of Rs 176.65 on 27 December 2016.

The stock had underperformed the market over the past one month till 13 December 2017, sliding 5.04% compared with 0.06% gains in the Sensex. The scrip had also underperformed the market in past one quarter, declining 6.08% as against Sensex's 2.69% rise. The scrip had also underperformed the market in past one year, rising 8.4% as against Sensex's 23.8% rise.

The large-cap power distribution company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

PowerGrid Corporation of India's net profit rose 14.4% to Rs 2141.04 crore on 16% rise in net sales to Rs 7252.84 crore in Q2 September 2017 over Q2 September 2016.

The Government of India holds 57.9% stake in the firm as at 30 September 2017.

11-Dec-2017  Power Grid Corporation of India Limited - Outcome of Board Mee...
Power Grid Corporation of India Limited - Outcome of Board Meeting

Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on December 08, 2017.
11-Dec-2017  Power Grid Corporation of India Limited - Updates
Power Grid Corporation of India Limited - Updates

Power Grid Corporation of India Limited has informed the Exchange regarding 'Loan agreement with Asian Infrastructure Investment Bank (AIIB).'.
08-Dec-2017  PGCIL enters into loan agreement with Asian Infrastructure Inv...
PGCIL enters into loan agreement with Asian Infrastructure Investment Bank

Power Grid Corporation of India has entered into a loan agreement with Asian Infrastructure Investment Bank on 07 December 2017 for an amount of USD 100 million for funding of HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu)- North Trichur (Kerala)- Scheme #2:AC System Strengthening at Pugalur end.
08-Dec-2017  Board of Power Grid Corporation of India accords investment ap...
Board of Power Grid Corporation of India accords investment approval for two projects

The Board of Power Grid Corporation of India has accorded investment approval for two transmission projects (in Gujarat and Sikkim) at an estimated cost of Rs 268.53 crore.
08-Dec-2017  Other announcement of POWER GRID CORPORATION OF IN
Other announcement of POWER GRID CORPORATION OF IN

Loan agreement with Asian Infrastructure Investment Bank (AIIB).
20-Nov-2017  RingsideView: Power Grid Corporation of India
RingsideView: Power Grid Corporation of India

Cyclical slowdown imminent

Aims to leverage the existing transmission tower network for the telecom business

Power Grid Corporation of India (PGCIL) held an analyst meet to discuss the September 2017 quarter results. Managing Director I S Jha addressed the meet. Highlights:

PGCIL had 1,42,990 circuit km  (ckm) of transmission lines, 3,11,100 MVA of substation capacity and an availability rate of about 99.83% end September 2017.

Total capitalization stood at Rs 9974 crore in the quarter compared with Rs 6688 crore in the September 2016 quarter. Total capitalization was Rs 13516 crore in H1 of the fiscal year ending March 2018 (FY 2018) compared with Rs 9150 crore in H1 of FY 2017. Total capex incurred   was up 10% to Rs 11949 crore in H1  over a year ago.

The ordering of projects declined 73% to Rs 4650 crore in H1 due to the strong base effect of FY 2017, the last year of the 12th Five-Year Plan and two large high voltage direct current (HVDC) orders awarded in the year. A majority of the ordering for capex over the next three to 3.5 years is over. Hence, a cyclical slowdown in ordering is imminent. Orders should pick up, following being nominated for more transmission lines and winning more competitive bids for lines beyond FY 2020.

Three new domestic consultancy projects were won in the quarter. There are around 100 assignments in hand. Work is on 14 international assignments in Nepal, Fiji, and Bangladesh. Opportunities are being explored in Brazil.

As many as 38 new clients were added in the telecom sector in the September 2017 quarter. The aim is to leverage the existing transmission tower network. There is ample space for installing a telecom tower in the premises. Further, electricity wasted during transmission will captured by the telecom towers. Thus, it will be a win-win situation for the telecom business. At a minimum capex, the necessary infrastructure for the telecom tower business can be created.

End September 207, around Rs 88000 crore of projects were ongoing, Rs 3000 crore were new projects and Rs 18000 crore were tariff-based competitive bidding (TBCB) projects.

Some of the major transmission elements commissioned were Pole-II of Champa-Kurukshetra HVDC in Chhattisgarh, Pole-III and Pole-IV of NER-Agra HVDC in north India in addition to 765kV DC Maheshwaram-Nizamabad in Hyderabad, 400KV DC Kishenpur-New Wanpoh in north India, 400KV DC Lara (NTPC)-Champa in Himachal Pradesh and 400KV Mauda-Betul and Betul-Khandwa transmission lines in West Bengal.

Railway electrification is a huge opportunity. The Indian Railways expects to spend around Rs 35000 crore for electrification of 33,000 route km by FY 2022. Lots of orders are expected from the railways going forward.

The total capex will be around Rs 25000 crore in FY 2018. It can further increase going ahead. The objective is to capitalize around Rs 30000-32000 crore worth of assets. Around Rs 2500 crore was raised from the debt market in FY 2017. There are no plans to raise any fresh equity in near future. Overall, the growth momentum is expected to continue to remain in 13th Five-Year Plan as well.

Wage hike provision of around Rs 12.90 crore was made in H1 compared with nil a year ago and Rs 86.20 crore over the June 2017 quarter. The book value stood at Rs 99.26 and capital work in progress (WIP) at Rs 35033 crore end September 2017 compared with Rs 38942 crore end March 2017. The aim is to reduce the WIP further. There was participation in as many as 44 TBCB projects in October 2017. Of them, 11 were bagged.

06-Nov-2017  Power Grid Corporation of India Limited - Investor Presentation
Power Grid Corporation of India Limited - Investor Presentation

Power Grid Corporation of India Limited has informed the Exchange regarding Investor Presentation
06-Nov-2017  Power Grid Corporation of India Limited - Outcome of Board Mee...
Power Grid Corporation of India Limited - Outcome of Board Meeting

Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on November 02, 2017.
03-Nov-2017  PGCIL turns volatile after announcing Q2 results
PGCIL turns volatile after announcing Q2 results

Meanwhile, the S&P BSE Sensex was down 20.16 points or 0.06% at 33,553.06.

On the BSE, 2.16 lakh shares were traded on the counter so far as against average daily volumes of 3.19 lakh shares in the past two weeks. The stock was volatile. The stock lost as much as 1.97% at the day's low of Rs 210.75 so far during the day. The stock rose as much as 2.9% at the day's high of Rs 221.25 so far during the day.

Power Grid Corporation of India's (PGCIL) net profit rose 14.37% to Rs 2141.04 crore on 15.62% growth in total income to Rs 7492.52 crore in Q2 September 2017 over Q2 September 2016.

Power Grid Corporation of India is a state run electric power transmission utility company.

Incorporation Year 1989 
Registered Office B-9 Qutab Institutional Area,Katwaria Sarai,
New Delhi,
New Delhi-110016
Telephone 91-11-26560112 
Fax 91-11-26601081 
Chairman I S Jha
Managing Director I S Jha
Company Secretary Divya Tandon 
Auditor S K Mittal & Co/R G N Price & Co/Kothari & Co 
Face Value(Rs) 10 
Market Lot
Listing MSEI,BSE,NSE 
Registrar Karvy Computershare Pvt Ltd
Karvy Selenium Tow-B,Pl-31&32 Gachibowli,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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