Power Grid Ranked 1st in Services Sector in PE Survey 2021-22: In the areas of Gross Block, Value Addition, Net Profit, Net Worth, Dividend Declaration, and Contribution to the Central Exchequer, Power Grid Corporation of India Limited (POWERGRID) was placed first in the services sector. It was also ranked third among the Top 10 profit-making Closes. The results were published in the Public Enterprises Survey 2021-2022 by the Department of Public Enterprises (DPE), Ministry of Finance, Government of India.
January 2023 Current Affairs Quiz
Power Grid Ranked 1st in Services Sector in PE Survey 2021-22- Key Points
- The Public Enterprises Survey is a unique data repository to measure the progress and contribution of the CPSEs to the Indian economy.
- As of December 31, 2022, POWERGRID and its subsidiary had 1,73,791 circuit kilometres of transmission lines in its entire transmission assets.
- It also includes 270 substations and a transformation capacity of 4,93,043 MVA.
- POWERGRID has maintained transmission system availability by more than 99%.
- This was possible with the use of state-of-the-art maintenance techniques, automation, and digitization.
About Powergrid Corporation of India Ltd
Powergrid Corporation of India Ltd is an Indian Central public sector under the ownership of the Ministry of Power, Government of India. It is engaged in the transmission of bulk power across different states of India. Gurugram is home to POWERGRID’s corporate headquarters. In India, the power grid transmits around 50% of all the power.
The Power Grid Corporation Ltd was incorporated on 23rd October 1989 under the Companies Act 1956. The original name of POWERGRID was “National Power Transmission Corporation Limited”.
