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Punjab State Power Corporation Limited (PSPCL) is the electricity generating and distributing state-owned company of the Punjab state in India. It was formerly known as Punjab State Electricity Board (PSEB) which was unbundled by the government of Punjab into two companies on 16 April 2010 as Punjab State Power Corporation Ltd. (POWERCOM) and Punjab State Transmission Corporation Ltd. (TRANSCO).
The Power Grid Corporation of India Limited was incorporated on 23 October 1989 [5] under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007–08) as a public limited company, wholly owned by the Government of India with 51.34% stake in the company as on 31 December 2020 and as principal electric ...
China Power Investment Corporation was the surviving legal person, but renaming to State Power Investment Corporation, while State Nuclear Power Technology Corporation became a subsidiary. SPIC also re-incorporated as a limited company from Industrial Enterprise Owned by the Whole People legal form in 2017. [2]
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In terms of installed capacity, it is the second highest generation company after National Thermal Power Corporation Limited. [4] Mahagenco is the only state utility having a very well-balanced generation portfolio involving thermal, hydro and gas stations along with solar power plant.