Power Grid Corporation of India limited (POWERGRID) has been conferred with prestigious “Business Standard Star PSU Award” for the year 2014. Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitely, presented the award to RN Nayak, chairman and managing director, POWERGID in a glittering function of Business Standard Award 2014 held in Mumbai recently. In pursuit of excellence and to identify one of the fastest-growing electricity utilities companies, POWERGRID has shown remarkable compound annual growth in sales and in net profit over the past three years.
POWERGRID has been selected for the award after a detailed evaluation process by a seven-member jury comprising eminent personalities including the jury chairman KV Kamath, chairman of ICICI Bank and Infosys.
POWERGRID is a ‘Navratna CPSE’ and the central transmission utility of the country and it owns and operates 1,10,500 circuit kms of extra high voltage transmission lines, 186 EHV AC and HVDC sub-stations with transformation capacity of 2,13,800 MVA, spread across the country.
It wheels about 50 per cent of total power generated in the country, consistently maintaining the availability of its transmission network over 99 per cent through deployment of state-of-the-art operation and maintenance techniques at par with global standards.