Power Grid FPO Review
Power Grid Corporation of India is India’s leading Energy sector company. It’s core business is the transmission of power across the country.
It is already listed on the Indian Stock exchanges. But this time it is planning to raise more capital and that’s why coming with the FPO – Follow on Offer on 08th November 2010.
The issue size will be Rs.8000-9000 Crores.
Here are the Key Features about the Company
- It is the Public Sector Unit (PSU) of India
- Incorporated in 1989 for transmission of Electric Power across the country.
- Central Transmission Utility - Navaratna PSU - Asset of Rs. 47744 Crs as on Sept 30,2010
- World's Leading Power Transmission Utility - 79556Ckt.Km line-132 Substations as on Sept 30,2010
- Technology Leader in EHVAC & HVDC Transmission.
- Carries 51% of Generated Power Accross Country.
- Telecom NLD with 20733 Km Optical Fibre Network & Internet Service Provider.
Recommendation:
This is a MUST fill IPO.
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