Power Grid Corporation Ltd.
Author :- Pratiksha Umesh Ramteke
Title:- Significance / Relationship of Power Grid Corporation of India L.t.d
Introduction:- Power Grid Corporation of India Limited(POWERGRID), is a Schedule ‘A’, ‘Maharatna’ Public Sector Enterprise of Govt. of India which was incorporated on 23rd Oct 1989 under the Company Act, 1956. POWERGRID is a listed Company, with 51.34% holding of Government of India and the balance is held by Institutional Investors and public.
Objectives :- Powergrid is responsible for the transmission of more than 50% of the total power generated in India through its network. Its businesses include power transmission and distribution and energy trading.
Literature review :- In this paper, the effect of recession on liquidity and funds efficiency of POWERGRID (Power Grid Corporation of India Limited) is studied. Power Grid is chosen for the study as POWERGRID is the premiere power transmission company in India and has constantly maintained the system availability above 99%, matching worldwide transmission utility standards. … Activity ratios, such as debtor turnover and inventory turnover ratios are also calculated for the POWERGRID’s efficiency. We also identify whether there is any effect of the subprime crisis and subsequent recession in 2007–2008 on the liquidity and funds efficiency of POWERGRID. POWERGRID data from 1999 to 2019 is taken into account from the company’s website.
The study aims to analyze the efficiency of training programme at POWERGRID Corporation of India Limited with a special reference to academic parameters, and to find out if there is any improvement required to make the training programme more effective. Descriptive research design has been used in the study. The sample size is 127. A survey was carried out to obtain the feedback of the trainees. About 93.70% of the respondents are of the view that initial class room training is sufficient. About 96.06% of them are of the view that the post On Job Training (OJT) is constructive and indispensable. About 89.76% of the respondents said that the rotational OJT is valuable. The findings show that the trainees were satisfied up to a large extent with the training programme. To improve the training programme; module should be updated on yearly basis, period of training should be less than one year and there should be more industry visits on time to time basis.
Data Collection :-
Data was collected from Yahoo finance sites. The data was manipulated by the final closing, where the weekly return of Nifty is Y and the weekly return for the company is X.
Data Analysis:
Y^=0.25+1.23
Power Grid return= 0+1.60 Nifty Weekly Retuns
(t-stat = 0.0013)
N = 51,
R2 = 3.76,
F = 1.88,
Significance = 0.99
Conclusion:
The above equation shows the relationship between Y and X. Positive sign means there is a direct relationship, which means X and Y are both rising simultaneously. Figure in the bracket is T-stats for b it is more than the table value. R2 is 37% of Y is explained by X. F is 1.88. The beta is 1.60 which means it is more than one and is good for short term investment.
Reference:
Surbhi Gupta & Anjali Naithani & Varsha Gautam, 2022. Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(3), pages 1523-1530, June.
Neeraj Kumari, 2017. “Analysis of Effectiveness of Executive Trainees’ Training Programme with a Special Reference to Academic Parameters,” Journal of Asian Development, Macrothink Institute, vol. 3(2), pages 1-9, November.