Power Grid Corporation of India Limited is an Indian government electricity board and a Maharatna public sector undertaking which is owned by the Ministry of Power, Government of India and is headquartered in Gurugram, India. The company is mainly engaged in the transmission of bulk power across different states of India. It possesses 1,72,154 circuit kilometers (ckm) transmission lines along with 262 sub-stations and 4,46,940 MVA transformation capacity. The company provides transmission-related consultancy to more than 150 domestic clients and has its global footprint in 20 countries, catering to more than 25 clients.
In the telecom segment, the company owns and operates approximately 66,922 km of telecom network. It has a point of presence in 714 locations and an intracity network in 206 cities across India. Since 1993 the company has been paying a dividend and has 51.34 per cent holding by the Government of India and a balance of 48.66 per cent by the public. The company bears in-house expertise for domestic as well as international transmission sector consultancy. It has been diversifying the telecommunication business using existing transmission assets coupled with investment in energy efficiency and investment in smart grid.
Power is a key and crucial infrastructure requirement and ingredient for economic growth and also for the attainment of high quality of life. Electricity being an essential requirement for all aspects of our life has been recognised as a basic human need. India stands to be the third-largest producer of electricity in the world and ranks well below the global average in electricity consumption as well as in share of electricity in primary energy. The power sector in India has observed a paradigm shift over the years as a result of the constant efforts of the government to create more capacity for electricity from clean sources.
This also includes the effort to provide energy access to its citizens and to improve its energy security by prioritising domestically available energy resources. India has witnessed a significant increase in the power sector in terms of installed capacity in the country during the last five years, driven largely by additions in both thermal and grid-connected renewable energy, mainly wind and solar. In view of the consistency in policy push for renewable energy by the government and its aim to have 40 per cent of the total installed capacity by the year 2030 based on non-fossil fuel sources, the renewable energy sector is poised for a quantum jump.
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