Full Form of PGCIL, Power Grid Corporation of India Limited

The full form of PGCIL is  Power Grid Corporation of India Ltd.

What is PGCiL

Power Grid Corporation of India Limited (PGCIL), or POWERGRID, is an Indian central public-sector undertaking owned by the Government of India's Ministry of Power. Its primary business is bulk power transmission across India's various states. Its headquarters are in Gurugram. On its transmission network, PGCIL transmits roughly half of the total power generated in India.

Power Grid Corporation of India Limited (POWERGRID) is a Schedule "A" "Maharatna" public sector enterprise of the Government of India. The Government of India owns 51.34% of POWERGRID, a publicly traded company. In addition, institutional investors and the general public own the rest.

History of PGCIL   

The Power Grid Corporation of India Limited (POWERGRID) is an Indian electric power transmission company based in Gurgaon, Haryana.

The company traced back to 1981 when the Government of India established a National Power Grid (NPG).  The decision to establish NPG paved the way for the integrated operation of the central and regional transmission systems.

The National Power Transmission Corporation Limited was set up in October 1989 under the Companies Act of 1956. It includes planning, executing, owning, operating, and maintaining the country's high-voltage transmission systems.

The National Power Transmission Corporation was later called Power Grid Corporation of India Limited in October 1992. (POWERGRID).

Historic structures 

The following are historical milestones in the company's history since its inception:

2008: Afghanistan's 220 KV double-circuit line from Pul-e-Khumri to the Kabul power grid is completed.

2006: Commissioning the Unified Load Transfer and Communication Strategy for the Western Region and concluding an agreement with REC and certain states. Moreover, utilities to carry out rural electrification work in nine Indian states under the Rajiv Gandhi Grameen Vidyutikaran Yojana.

2005: The Unified Load Sharing, Information and Communications Programme for the Eastern Region was launched.

2003: The company entered into a joint venture agreement with Tata Power Company Ltd. The collaboration was to implement a part of the entire transmission system associated with the Tala hydropower project. In addition, it was the first public-private initiative in the transmission sector.

It also commissioned the 400 KV Raipur-Rourkela transmission line it built and won its first global consulting contract from Bhutan Telecommunications. 

2002 - It also commissioned the 2,000 MW Talchar-Kolar bipolar HVDC link. Along with the unified load dispatch and communications schemes for the southern and northern regions.

2001 - The Government of India granted Infrastructure Provider II (IP II) a license to pursue the leasing of bandwidth capacity to different consumers on their telecommunications network.

1996 -  The two additional regional load dispatch centers, the Northern Regional Load Despatch Center and the Western Load Despatch Center, were acquired.

1995 - The North Eastern Regional Load Despatch Center and the Eastern Regional Load Despatch Center have been taken over.

1994 - The company took over management of the Southern Regional Load Despatch Center and received transmission assets from Neyveli Lignite Corporation Ltd.

Vision and Mission

Vision:

The vision of PGCIL is to be an Integrated, World Class, Global Transmission Company. Furthermore, with dominance in emerging power markets, ensuring reliability, safety, and economy.

Mission: 

PGCIL will develop into a global transmission corporation with dominant leadership in evolving power markets and world-class capabilities by achieving the following goals:

• World Class: Setting the industry and ourselves higher expectations in capital project management and operations.
• Global: Using capabilities to create the greatest value for every stakeholder in India and other emerging and developing economies.
• Inspiring, nurturing, and empowering tomorrow's professionals.
• Continual improvement through innovation and cutting-edge technology.
• Committed to the highest health, safety, security, and environmental standards.

Functions of PGCIL

PGCIL was in charge of administering power transmission in the country when it was set up. It contained-

• Project preparation 
• Putting the projects into execution 
• Project ownership and management 
• Keeping the projects running 

Even now, the primary goal and function of PowerGrid are to transmit power (in bulk) throughout the country's states. 

Its operations include power distribution and transmission as well as energy trading-

• Power System Operation Corporation Ltd. (POSOCO) is its subsidiary company that deals with power management. It also operates a telecommunications company called POWERTEL.

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