Government accords ‘Maharatna’ status to PowerGrid Corporation
The government on Wednesday accorded ‘Maharatna’ status to Power Grid Corporation of India Limited.
A statement from PGCIL said that RK Singh, Minister of State (Independent Charge) for Power, New & Renewable Energy had announced this at its 30th Raising Day Celebrations of the company held on October 23.
The Maharatna status provides enhanced powers to the Board of PowerGrid to facilitate the expansion of operations, both in domestic as well as global markets, the statement added.
PowerGrid is the third largest Central Public Sector Enterprise in India as well as one of the largest transmission company globally. It has been recognised as ‘Fastest Growing Electric Utility in Asia Pacific’ successively for the last six years, since 2014.
