MARKETS

BSE Prices delayed by 5 minutes... Prices as on Aug 17, 2018   ABB India 1227 [ 2.35% ]ACC 1592.85 [ 2.11% ]Ambuja Cements Ltd. 228.75 [ 1.83% ]Asian Paints Ltd. 1399.8 [ 0.54% ]Axis Bank Ltd. 627.1 [ 0.52% ]Bajaj Auto Ltd. 2660.9 [ -0.23% ]Bank of Baroda 146 [ 2.17% ]Bharti Airtel 371.25 [ -0.22% ]Bharat Heavy Ele 73.85 [ 2.00% ]Bharat Petroleum 377.5 [ -0.13% ]Britannia Ind. 6617.05 [ 2.01% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 648.15 [ 0.12% ]Coal India 281.2 [ -0.44% ]Colgate Palm. 1141.65 [ 0.04% ]Dabur India 455.45 [ 2.37% ]DLF Ltd. 210.1 [ 1.57% ]Dr. Reddy's Labs 2363.35 [ 0.66% ]GAIL (India) Ltd. 387.25 [ -1.64% ]Grasim Inds. 1044.2 [ 4.52% ]HCL Technologies 1003.45 [ 0.75% ]HDFC 1883.6 [ -0.39% ]HDFC Bank 2077.25 [ 0.08% ]Hero MotoCorp 3248.6 [ -1.14% ]Hindustan Unilever L 1780.8 [ 2.63% ]Hindalco Indus. 219.65 [ 1.57% ]ICICI Bank 340.05 [ 1.67% ]IDFC L 52.05 [ 4.41% ]Indian Hotels Co 127.3 [ 2.79% ]IndusInd Bank 1989.65 [ 0.33% ]Infosys 1431.35 [ 0.42% ]ITC Ltd. 313.75 [ 2.27% ]Jindal St & Pwr 198.6 [ 3.44% ]Kotak Mahindra Bank 1262.95 [ 1.45% ]L&T 1240.3 [ 0.60% ]Lupin Ltd. 879.35 [ 3.53% ]Mahi. & Mahi 961 [ 1.24% ]Maruti Suzuki India 9148.3 [ -0.58% ]MTNL 15.1 [ 1.00% ]Nestle India 10875.35 [ 0.07% ]NIIT Ltd. 92.15 [ 0.93% ]NMDC Ltd. 104.35 [ 2.81% ]NTPC 157.95 [ -0.19% ]ONGC 163.1 [ -0.61% ]Punj. NationlBak 83.45 [ 2.14% ]Power Grid Corpo 187.2 [ -0.05% ]Reliance Inds. 1203.45 [ 0.27% ]SBI 302 [ 3.18% ]Vedanta 215 [ 3.09% ]Shipping Corpn. 57.75 [ -0.09% ]Sun Pharma. 623.3 [ 0.60% ]Tata Chemicals 708.3 [ 1.91% ]Tata Global Beverage 242.15 [ 1.28% ]Tata Motors Ltd. 257.35 [ 2.47% ]Tata Steel 580.6 [ 2.20% ]Tata Power Co. 68.65 [ 2.16% ]Tata Consultancy 2011.85 [ 0.15% ]Tech Mahindra Ltd. 686.8 [ 2.95% ]UltraTech Cement 4281.7 [ 1.64% ]United Spirits 638.9 [ 1.86% ]Wipro Ltd 279.6 [ -0.09% ]Zee Entertainment En 504.35 [ 0.63% ]

News Details

You can view in detail.
Power Grid to offer up to 20% of tower assets to telecom firms 31/05/2018 00:41

With an aim to leverage its tower infrastructure, state-run Power Grid Corporation of India (PGCIL) is planning to offer at least 10-20 per cent of its 1.5 lakh tower assets to telecom operators, reported PTI.

The company has already approached the Central Electricity Regulatory Commission (CERC) for approval on the same, PGCIL chairman and managing director IS Jha told reporters here today.

"We have 1.5 lakh towers across the country. We wanted to use them for the telecom business where we can give it to telecom operators. It will be a good source of income for us," he said.

Jha further said since the government has emphasised on reducing consumption of diesel to reduce pollution, the telecom operators will have a good option in our towers.

Telecom regulator Trai has recommended 40 per cent reduction in carbon emission in the telecom network by 2022-23, with base year being 2011-12.

The regulator has also suggested that the government should pass all the benefits granted under various schemes for using renewable energy technologies to telecom operators.

"We hope that even if 10-20 per cent of our assets would be utilised, it will give good business," Jha added.

Power Grid has set a capex of Rs 25,000 crore for the current financial year and plans to raise around 70 per cent of it through debt, especially domestic bonds.

The company at present has total works of worth around Rs 1,10,000 crore scheduled for completion in the next two to three years. Of this, around Rs 75,000 crore worth of projects are ongoing and about Rs 2,500 are new, he said.

During FY18, PGCIL incurred capital expenditure to the tune of Rs 25,791 crore, and capitalised assets worth Rs 27,370 crore.

For its future business, the state-owned electric utilities company is also looking at opportunities in electric vehicle charging stations, battery storage, railway electrification and telecommunication works with Railtel, according to Jha.

LOAD MORE