POWERGRID signs MoU with the Ministry of Power, Govt. of India

The Mou includes financial, physical and project execution targets to be achieved by POWERGRID during FY2020-21.
It is a Maharatna company headquartered in Gurugram, India and engaged mainly in Transmission of Power.
It was incorporated on 23 October 1989 under the Companies Act, 1956 as a public limited company, wholly owned by the Government of India.
POWERGRID transmits about 50% of the total power generated in India on its transmission network.
Apart from providing transmission system for evacuation of central sector power, it is also responsible for Establishment and Operation of Regional and National Power Grids to facilitate transfer of power within and across the Regions.