Power Grid Corporation of India announcements, page 19

May 2017

9 May · Updates
Department of Telecommunications, Ministry of Communications, Govt. of India has granted Unified dated May 02, 2017 to POWERGRID with National Long Distance (NLD) and Internet Service Provider - Category 'A' (ISP-'A') Service Authorizations for providing Telecom services. This license is valid for 20 years.

Apr 2017

7 Apr · Management
Ms Jyotika Kaira, Independent Director, Powergrid has resigned from the post of Independent Director on April 06, 2017, on her appointment a Member of the National Human Rights Commission.
5 Apr · Updates
POWERGRID has entered into load agreement(s) with Asian Development Bank (ADB) on April 05, 2017 for an amount of US$ 225 million (including US$ 50 million as Clean Technology Fund) for part funding of its Transmission projects associated with Solar Power Parks.
5 Apr · Legal
Exchange had sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 29-Mar-2017, regarding "Acquisition of Medinipur - Jeerat Transmission Limited by POWERGRID".On basis of above the Company is required to clarify following: 1. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length";2. Industry to which the entity being acquired belongs;3. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);4. Brief details of any governmental or regulatory approvals required for the acquisition;5. Indicative time period for completion of the acquisition;6. Cost of acquisition or the price at which the shares are acquired;7. Nature of consideration - whether cash consideration or share swap and details of the same;8. Percentage of shareholding / control acquired and / or number of shares acquired;9. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).The response of the Company is attached.
5 Apr · Disclosure
Vide letter dated April 03 , 2017 a copy of disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Mar 2017

30 Mar · Board meeting
Outcome of meeting of the Board of Directors of the Company held on March 29, 2017.
30 Mar · Updates
Extension of tenure of Ms. Jyoti Arora as Govt. Nominee Director.
29 Mar · Legal
Exchange has sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 29-Mar-2017, regarding "Acquisition of Medinipur - Jeerat Transmission Limited by POWERGRID".On basis of above the Company is required to clarify following: 1. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length";2. Industry to which the entity being acquired belongs;3. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);4. Brief details of any governmental or regulatory approvals required for the acquisition;5. Indicative time period for completion of the acquisition;6. Cost of acquisition or the price at which the shares are acquired;7. Nature of consideration - whether cash consideration or share swap and details of the same;8. Percentage of shareholding / control acquired and / or number of shares acquired;9. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).The response of the Company is awaited.
29 Mar · Business
Acquisition of Medinipur - Jeerat Transmission Limited by POWERGRID
24 Mar · Updates
1500 MW, Pole-I #800kV HVDC Champa-Kurushetra Transmission Line has been put into commercial operation w.e.f March 24, 2017.
14 Mar · Board meeting
Outcome of Board Meeting of the Company held on March 10, 2017.
8 Mar · Legal
Exchange had sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 07-Mar-2017, regarding appointment of Shri Tse Ten Dorji, Independent Director on the Board of POWERGRID.On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment)The response of the Company is enclosed.
8 Mar · Legal
Exchange has sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 07-Mar-2017, regarding appointment of Shri Tse Ten Dorji, Independent Director on the Board of POWERGRID.On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment)The response of the Company is awaited.
7 Mar · Updates
Regulation 30 of the SEBI (LODR) Regulations, 2015 w.r.t. appointment of Shri Tse Ten Dorji, Independent Director on the Board of POWERGRID.

Feb 2017

23 Feb · Updates
Powergrid has entered into loan agreement with Asian Development Bank (ADB) On February 23, 2017 for and amount not exceeding US$ 500 million for part funding of its projects-Green Energy Corridors-ists (Part-D) and Scheme 1; Raigarh Pugalur 6000 MW HVDC System & Scheme 3; Pugalur- Trichur 2000 MW VSC Based HVDC System' associated with HVDC Bipole link between Western Region(Raigarh, Chhattisgarh) and Southern Region (Pugalur, tamil Nadu) -North Trichur (Kerala) Transmission Project.
23 Feb · Legal
Exchange had sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 20-Feb-2017, regarding that Ministry of Power has vide Order dt. 16.02.2017 conveyed the appointment of Shri Tse Ten Dorji and Jyotika Kalra as part-time non-official Directors on the Board of POWERGRID for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier. On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment; 2. Brief profile (in case of appointment); 3. Disclosure of relationships between directors (in case of appointment of a director). The response of the Company is attached.
21 Feb · Updates
Powergrid has been declared as the successful bidder under Tariff based competitive bidding to establish '765kV Strengthening in Eastern Region (ERSS-XVIII)' on build, own operate and maintain (BOOM) basis. The letter of Intent (LoI) has been received on February 21, 2017.
21 Feb · Legal
Exchange has sought clarification from Power Grid Corporation of India Limited with respect to announcement dated 20-Feb-2017, regarding that Ministry of Power has vide Order dt. 16.02.2017 conveyed the appointment of Shri Tse Ten Dorji and Jyotika Kalra as part-time non-official Directors on the Board of POWERGRID for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier. On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment; 2. Brief profile (in case of appointment); 3. Disclosure of relationships between directors (in case of appointment of a director). The response of the Company is awaited.
20 Feb · Management
Ministry of Power has vide Order dt. 16.02.2017 conveyed the appointment of Shri Tse Ten Dorji and Jyotika Kalra as part-time non-official Directors on the Board of POWERGRID for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier.
20 Feb · Updates
Extension of tenure of Shri Ravi P. Singh as Director ( Personnel ).
10 Feb · Board meeting
Outcome of meeting of the Board of Directors of the Company held on February 09, 2017.
10 Feb · Updates
Extent and nature of security created and maintained with respect to POWERGRID secured listed non-convertible debt securities.
9 Feb · Management
Power Grid Corporation of India Limited has informed the Corporation has appointed M/s Kumar Naresh Sinha & Associates, Company Secretaries on February 09, 2017 for conducting Secretarial Audit of the Company for the Financial Year 2016-17 at a Fee of Rs 1,50,000 inclusive of taxes.
9 Feb · Dividend
Date on which Interim dividend shall be paid/ dispatched March 02, 2017.
9 Feb · Dividend
Board of Directors, at its meeting held on February 09, 2017 have approved the Interim Dividend of Re 1 per share (face value Rs 10/- each) for the financial year 2016-17.
9 Feb · Results
Financial results for the period ended December 31, 2016.
8 Feb · Management
Shri Prabhakar Singh, Executive Director, POWERGRID has assumed the charge of Director (Projects), POWERGRID on February 08, 2017 in terms of GOI order dt. February 07, 2017 for a period of five years with effect from the date of his assumption of charge of the post on or till date of his superannuation, or until further orders, whichever is the earliest. Further, Shri R. P. Sasmal, Director (Operations) demitted the additional charge of Director (Projects) in terms of GOI order dt. December 05, 2016.

Jan 2017

27 Jan · Corporate action
Company has fixed Record Date as February 17, 2017 for the purpose of interim dividend
27 Jan · Board meeting
To consider and approve amongst other items of agenda, the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2016 and declaration of dividend for the financial year 2016-17.
2 Jan · Updates
Transfer of Power System Operation Corporation Limited ( POSOCO ).

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