General Description
POWERGRID was incorporated in 1989 and based on its impeccable performance, Govt. Of India categorised it as the Miniratna Category–I PSU w.e.f. Oct’98. Further, recognizing the role of POWERGRID in the overall development of Indian power sector and its consistent performance as per benchmark parameters stipulated by Department of Public Enterprise (DPE) “Navratna status” was conferred to POWERGRID w.e.f. 1 May 2008.
POWERGRID was listed on Indian Bourses in Sept 2007 and the Company came with Follow on Public offer in November 2010. Presently Govt. of India holding is 69.42% and the balance 30.58% is held by Institutional Investors and public.
POWERGRID is playing a strategic role in Indian Power Sector development by establishing & maintaining the power transmission infrastructure which carries around 50% of total power generated in the country. POWERGRID has been instrumental in providing an efficient, reliable and smooth grid operation and management in the country. Since 2009, the Grid Management and operation has been entrusted to Power System and Operation Corporation limited (POSOCO, a 100% wholly owned subsidiary of POWERGRID).
POWERGRID is committed for Environment preservation and sustainable development. Though transmission projects are non-polluting, the Company developed a detailed corporate strategy document “Environmental and Social Policy and Procedures (ESPP)” in 1998 and has upgraded it from time to time through wide consultations with social bodies, local communities, Govt. agencies, etc. in line with the best International practices. The policy outlines the Company’s approach and commitment to deal with environment and social issues, relating to transmission projects, and lays out management procedures and protocols to address the same. The policy and the initiatives taken by the Company for sustainable development of transmission system are applauded by the multilateral funding agencies like The World Bank & ADB and the same is applicable for all of its projects across the country. The Company has also been pro-active in bringing out the first ‘Sustainability Report’ in power sector, for measuring, disclosing and being accountable to internal and external stakeholders. This has paved way for promoting excellence in organizational performance and towards achieving sustainable development.
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