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.
Objects of the Issue:The Object of the issue are:1. the disinvestment of 420,884,123 Equity Shares of Rs 10 each by the Selling Shareholder (Government of India).2. to meet the capital requirements for the implementation of certain identified transmission projects (“Identified Projects”); and3. general corporate purposes.
»» Issue Open: Nov 9, 2010 - Nov 12, 2010
Power Grid Corporation of India Ltd FPO Tags:
Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.
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Power Grid FPO Messages (Power Grid FPO Comments)
BY MARCH END WHAT COULD THE SHARE VALUE BE.
Sreedharji, whats 3 year target for Power grid?
Today i got my refund since long. This is only because of continue fallow up with karvy people at karvy office. Do accordingly.
MY APPLICATION NO IS-36634838 TILL DATE REFUND NOT RECD.NO SATISFACTORY ANSWER BY KARVY PEOPLE.AT THIS COMPUTER AGE SUCH THINGS SHOULD NOT HAPPEN.I AM A SENIOR CITYZEN AND EXPECTS FROM KARVY AND THE COMPANY TO DO IT FASTER TO SEND MY CHEQUE.
same thing happens to my friend applicstion for one lakh rs application. he has alloted nothing when in this catogary there is full allotment of 296 shares. when i have asi=king the reason they have sent mail that your applcation is not succeed in allotment. why---god knows--------no proper explation
thanks chittorgarh for this best sites to talk with another same field people THANKS LOT 11/12/2010
powergrid powerful power telecom transmission business covering 9 states in 2014 expected eps over 40 full covered ipo & fpo by fiis they loot it but not pricing properly i think it should be mini bhel price should be over 300 why low recemtly?any gentelmen can anser me
i also not got refund till date,,,
Dear SMART IPO INVESTOR,
didnt get my refund till now can anyone help me out
Sold 175 shares at Rs 100.10 ;
What should be the target for selling the FPO shares ??
Gane,My message at 1201 pm was for powergrid
tgt.achived in powergrid.. i recom..at 95.00 level
@ Deep kumar
powergrid @99 now. It may touch 100 tomorrow itself. Lets see.