Power Grid Corp to come up with FPO - Indian IPO Blog

Sunday, July 4, 2010

Power Grid Corp to come up with FPO

Power Grid Corporation of India, the state-run power distribution company, is planning to come up with its Follow-on Public Offer (FPO) soon. The Company had come up with an Initial Public Offer in September 2007 in a price band of Rs.44/- to Rs.52/- per equity share and the Issue Price was fixed at Rs.52/- per equity share

Power Grid Corp is a Navratna Public Sector Enterprise, is one of the largest transmission utilities in the world. According to the Company's website, Power Grid Corp. has around 77,000 Circuit Kms of Transmission network and 124 nos. of EHVAC & HVDC sub-stations with a total transformation capacity of 89,000 MVA. Power Grid has also diversified into Telecom business and established a telecom network of more than 21,000 Kms across the country

Stay tuned for more on Power Grid Corp FPO!

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