Power Grid Corporation Ranked 1st in Services Sector in PE Survey 2021-22
Power Grid Corporation of India Limited (PGCIL) has been ranked 1st in the Services Sector category and 26th overall in the recently released PE Survey 2021-22 by Prime Database Group. The survey is conducted annually and provides rankings of India’s Most Investor-Friendly Companies based on feedback from market participants. Power Grid has been consistently ranked among the top 3 companies in the Services Sector category since the inception of the survey in 2015-16.
Power Grid of India Limited is a state-owned company engaged in the transmission of electricity across India. The company was established in 1989 and is headquartered in Gurugram, Haryana. It operates over 168,000 circuit kilometers of transmission lines and 258 substations across India, providing electricity to over 23 states.
The PE Survey 2021-22 ranked a total of 2,143 companies across sectors and industries based on various parameters such as corporate governance, transparency, and investor relations. Power Grid’s top ranking in the Services Sector category reflects its commitment to these parameters and its investor-friendly policies.
This achievement is expected to further enhance investor confidence in Power Grid and attract more investments to the company. It also highlights the importance of the services sector in India’s economy and the significant role played by companies like Power Grid in driving growth and development.
Why this News is Important:
Power Grid of India Limited (PGCIL) has been ranked 1st in the Services Sector category and 26th overall in the recently released PE Survey 2021-22 by Prime Database Group. This news is important for various reasons. Let us explore them in detail:
- Recognition of Power Grid’s Investor-Friendly Policies: Power Grid’s top ranking in the Services Sector category reflects its commitment to various parameters such as corporate governance, transparency, and investor relations. This recognition is important as it reflects the company’s efforts to establish investor-friendly policies and practices.
- Enhancing Investor Confidence: This achievement is expected to further enhance investor confidence in Power Grid and attract more investments to the company. This is crucial for the company’s growth and expansion plans.
- Importance of Services Sector: The services sector plays a significant role in India’s economy and the overall development of the country. Power Grid’s top ranking in the Services Sector category highlights the importance of the sector and the role played by companies like Power Grid in driving growth and development.
Historical Context:
Power Grid of India Limited (PGCIL) was established in 1989 under the Ministry of Power, Government of India. The company is responsible for the transmission of electricity across India and operates over 168,000 circuit kilometers of transmission lines and 258 substations across the country.
Over the years, Power Grid has been recognized for its commitment to various parameters such as corporate governance, transparency, and investor relations. The company has consistently been ranked among the top 3 companies in the Services Sector category since the inception of the PE Survey in 2015-16. In 2021-22, Power Grid was ranked 1st in the Services Sector category and 26th overall in the survey, reflecting its efforts to establish investor-friendly policies and practices.
Key Takeaways from “Power Grid Ranked 1st in Services Sector in PE Survey 2021-22”:
| Sr. No. | Key Takeaways |
|---|---|
| 1. | Power Grid of India Limited (PGCIL) has been ranked 1st in the Services Sector category and 26th overall in the recently released PE Survey 2021-22 by Prime Database Group. |
| 2. | Power Grid’s top ranking reflects its commitment to various parameters such as corporate governance, transparency, and investor relations. |
| 3. | The achievement is expected to further enhance investor confidence in Power Grid and attract more investments to the company. |
| 4. | The services sector plays a significant role in India’s economy, and Power Grid’s top ranking highlights the importance of the sector and the role played by companies like Power Grid in driving growth and development. |
| 5. | Power Grid has been consistently ranked among the top 3 companies in the Services Sector category since the inception of the PE Survey in 2015-16, indicating the company’s sustained efforts to establish investor-friendly policies and practices. |
Conclusion
In conclusion, Power Grid of India Limited’s top ranking in the Services Sector category and 26th overall in the PE Survey 2021-22 is a significant achievement for the company. The ranking reflects its commitment to various parameters such as corporate governance, transparency, and investor relations, and is expected to enhance investor confidence in the company and attract more investments. The achievement also highlights the importance of the services sector in India’s economy and the significant role played by companies like Power Grid in driving growth and development.
Important FAQs for Students from this News
Q1. What is Power Grid of India Limited?
A1. Power Grid of India Limited is a Navratna public sector company that is primarily engaged in the power transmission business.
Q2. What is PE Survey?
A2. PE Survey is an annual survey conducted by Prime Database Group to rank listed companies based on their performance in various parameters related to corporate governance, transparency, and investor relations.
Q3. What is the significance of Power Grid’s top ranking in the Services Sector category in the PE Survey?
A3. Power Grid’s top ranking in the Services Sector category is significant as it reflects the company’s commitment to various parameters such as corporate governance, transparency, and investor relations. The achievement is expected to enhance investor confidence in the company and attract more investments.
Q4. Has Power Grid been consistently ranked among the top 3 companies in the Services Sector category in the PE Survey?
A4. Yes, Power Grid has been consistently ranked among the top 3 companies in the Services Sector category since the inception of the PE Survey in 2015-16.
Q5. What is the role of the services sector in India’s economy?
A5. The services sector plays a significant role in India’s economy, contributing to around 55% of India’s Gross Domestic Product (GDP) and providing employment to around 30% of the workforce.
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