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Power Grid get " Navratna” Status
New Delhi, May 02, 2008
The Government of India has conferred “Navratna” status on
the Power Grid Corporation of India Ltd. today, the 1st May
2008. The Power Grid Corporation of India Ltd. now becomes the
third Navratna CPSE under the Ministry of Power.
The conferment of Navratna status is in line with the
Government’s policy to allow select Central Public Sector
Enterprises becoming significant players in the economic
development of the country as global giants. It is also in
consonance with the National Common Minimum Programme (NCMP)
whereby Government is committed to have a strong and effective
public sector. With the grant of this status, Power Grid
Corporation of India Ltd. will now have full managerial and
commercial autonomy so as to effectively operate in a
competitive environment. The Power Grid Corporation of India
Ltd. is the Central Transmission Utility of the country and
has the responsibility for undertaking transmission of power
through inter-State transmission systems.
The Ministry of Power now has three Navratna Public Sector
Undertakings, NTPC, PFC and Power Grid Corporation of India
Ltd.
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