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Power Grid Corporation of India
Expansion plan powers Power Grid Corporation
Posted by :
zoombusinessTracked by: 0 Boarder
Power Grid Corporation of India surged 3.47% to Rs 92.55 on BSE on reports the company plans to spend Rs 55000 crore in the next five years to increase capacity.
Meanwhile, the BSE Sensex was up 347.78 points, or 2.48%, to 14,396.12.
On BSE, 86,374 shares were traded in the counter. The scrip had an average daily volume of 10.80 lakh shares in the past one quarter.
The stock hit a high of Rs 92.60 and a low of Rs 91 so far during the day. The stock had hit a 52-week high of Rs 167.45 on 19 November 2007 and a 52-week low of Rs 70.60 on 2 July 2008.
The large-cap company had underperformed the market over the past one month till 28 August 2008, declining 8.82% compared to the Sensex’s decline of 2.10%. It had outperformed the market in the past one quarter, declining 10.59% compared to Sensex’s decline of 14.99%.
The company has an equity capital of Rs 4208.84 crore. Face value per share is Rs 10.
The current price of Rs 92.55 discounts its Q1 June 2008 annualised EPS of Rs 2.91, by a PE multiple of 31.80.
As per recent reports, the investment will increase the inter-regional transmission capacity from 17,000 megawatt (MW) to 37,000 MW. The company is also looking at joint ventures to increase its presence in the Middle East and Africa, reports suggest.
The company will sign a $400 million loan from the World Bank by next week and then will go for a $200 million loan from the Asian Development Bank by the end of September 2008, reports added.
On 31 March 2008, Power Grid Corporation raised close to $1 billion via loans from Asian Development Bank and The World Bank.
Power Grid Corporation of India (PGCIL)’s net profit fell 32.4% to Rs 305.69 crore on 32.7% increase in net sales to Rs 1294.03 crore in Q1 June 2008 over Q1 June 2007.
Power Grid Corporation of India owns and operates most of India’s inter-state and inter-regional electric power transmission system.
courtesy CM-...
Stock-not to sell.
Posted by :
jeet_597Tracked by: 0 Boarder
The Americans want to change the text to suit New Zealand and some other countries who were adamant as India has not signed the non-profileration treaty.
It will be signed anyway,with American pressure. The Indians on their part must ensure that the text does change the actual meaning. If it does then it will be a disaster.
Jeet...
In reply to:
Stock-not to sell.
Posted by : investor11
So far NSG outcome does not look very favourable that you can assess from Pranab Mukherjee statement .However as this deal is beneficial for US so under their pressure it is rescheduled for further discussion so soon.It should have neutral effect over market so far.Power and energy stocks are in downward trend so we can not expect much from power grid and NTPC in near future.They are long term bet irrespective of outcome of NSG 
Stock-not to sell.
Posted by : investor11Tracked by: 0 Boarder
So far NSG outcome does not look very favourable that you can assess from Pranab Mukherjee statement .However as this deal is beneficial for US so under their pressure it is rescheduled for further discussion so soon.It should have neutral effect over market so far.Power and energy stocks are in downward trend so we can not expect much from power grid and NTPC in near future.They are long term bet irrespective of outcome of NSG ...
In reply to:
Stock-not to sell.
Posted by : smallman
Next meeting of NSG on Nuc Deal is on 4-5th September. Why within so short an interval is anybody's guess. Investors must not sell this stock unless fund is required for emergency-smallman.
Stock-not to sell.
Posted by : smallmanTracked by: 0 Boarder
Next meeting of NSG on Nuc Deal is on 4-5th September. Why within so short an interval is anybody's guess. Investors must not sell this stock unless fund is required for emergency-smallman....
Tracked by: 0 Boarder
yes may be lower than that market to fall soon aftre inflation data arrives tomorrow...
In reply to:
sell
Posted by : marketbear
Sell Power Grid for short term for a target of around 85 level
Tracked by: 0 Boarder
Sell Power Grid for short term for a target of around 85 level...
BJP will never come to power
Posted by :
abracTracked by: 1 Boarder
Dear Gabaji and Nodik ji, Glad to know both of U from the same place and have diff. views in politics. Quite obvious. I am from a quite distant plce from both of you. But I like live discussion with out offending any body. Thanks a lot to both of you for replying so politely.
abrac...
In reply to:
BJP will never come to power
Posted by : JAGDISH GABA
abrac,never ever I get hurt from any healthy discussion on such topics but i take it seriously if some one talks one sided
Incidently NODIK and me are from same native place of HARYANA but i dont know him personally as i work in mumbai
Rohtak,has also returned a BJP/JANSANGH MLA after his death,the seat is with congress candidate Sh,SHADI LAL BATRA,my neighbour,friend and lion member But politically we differed for long when he was no where in politics Incidentally HOODA ji is also from ROHTAK,a nice gentleman n our lion member too
Its irony that we are friends but have different political beliefs
You are always welcome to exchange ur views without any inhibtions
JAI HIND
NSE Announcements on Power Grid Corp
Posted by : MMB MessengerTracked by: 0 Boarder
Power Grid Corporation Of India Limited has informed the Exchange that the Register of Members and Share Transfers Books of the Company will remain closed from September 03, 2008 to September 18, 2008 (both days inclusive) for the purpose of declaration of final dividend on paid-up equity shares by the Members of the Company in the Annual General Meeting scheduled for September 18, 2008. The final dividend @ 7% of the paid up share capital, if declared at the Annual General Meeting, will be paid on or after September 23, 2008....
BSE Announcements on Power Grid Corp
Posted by : MMB MessengerTracked by: 0 Boarder
Power Grid Corporation of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 03, 2008 to September 18, 2008 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on September 18, 2008....
BJP will never come to power
Posted by : JAGDISH GABATracked by: 1 Boarder
NODIK JI,colz ji,why worry?Every one has right to express atleast on political events coz some one belong to each group
I was close to Dr MANGAL SEIN JI as well as good friend of BHUSAN BATRA,SHADI LAL JI and also class fellow of SUBHASH BATRA and their family friend
You are aware that our city is divided in to two groups but now there is no leader of the size of late dr sahib...
In reply to:
BJP will never come to power
Posted by : NODIK
abrac
How could you reply my message. I had posted the message after you had alredy posted your's. in reply to Gaba jis message. Any way there was nothing in Gaba jis message to be 'AGONISED'| Gaba ji just narrated the truth, which agonised certain people.Or may be as I understand the word 'agony'was misplaced in the actual context of message.
BJP will never come to power
Posted by : NODIKTracked by: 1 Boarder
abrac
How could you reply my message. I had posted the message after you had alredy posted your's. in reply to Gaba jis message. Any way there was nothing in Gaba jis message to be 'AGONISED'| Gaba ji just narrated the truth, which agonised certain people.Or may be as I understand the word 'agony'was misplaced in the actual context of message....
In reply to:
BJP will never come to power
Posted by : abrac
DEAR jagdish ji, MY REPLY WAS NOT INTENDED TO YOU. RATHER, i REPLIED TO 'nodik'. BUT THE MMB SYSTEM DID THE TRICK. SORRY, IF i HAVE HURT U.
BJP will never come to power
Posted by : JAGDISH GABATracked by: 1 Boarder
abrac,never ever I get hurt from any healthy discussion on such topics but i take it seriously if some one talks one sided
Incidently NODIK and me are from same native place of HARYANA but i dont know him personally as i work in mumbai
Rohtak,has also returned a BJP/JANSANGH MLA after his death,the seat is with congress candidate Sh,SHADI LAL BATRA,my neighbour,friend and lion member But politically we differed for long when he was no where in politics Incidentally HOODA ji is also from ROHTAK,a nice gentleman n our lion member too
Its irony that we are friends but have different political beliefs
You are always welcome to exchange ur views without any inhibtions
JAI HIND...
In reply to:
BJP will never come to power
Posted by : abrac
DEAR jagdish ji, MY REPLY WAS NOT INTENDED TO YOU. RATHER, i REPLIED TO 'nodik'. BUT THE MMB SYSTEM DID THE TRICK. SORRY, IF i HAVE HURT U.
Free Intraday Tips for Trading
Posted by : jeet_597Tracked by: 0 Boarder
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Monday I have my eyes on Punj Llyod. It's cheap and fundas are gud.
Happy hunting.
Jeet
...
In reply to:
Free Intraday Tips for Trading
Posted by :
pratikshah83
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Will touch 110
Posted by : investor11Tracked by: 0 Boarder
Dear Nikhil
You have seen Powergrid hovering around 110 and now see the second part going to around 80 in next couple of week,that is see saw movement of sensex drfting stock...
In reply to:
Will touch 110
Posted by : nikhilmishra27
any strong reason for that.....
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