{"id":22741,"date":"2025-03-25T17:32:35","date_gmt":"2025-03-25T12:02:35","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=22741"},"modified":"2025-03-25T17:32:35","modified_gmt":"2025-03-25T12:02:35","slug":"relationship-of-nifty-with-power-grid-corporation-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=22741","title":{"rendered":"Relationship of Nifty with Power grid corporation limited"},"content":{"rendered":"<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Relationship of Nifty with Power grid corporation limited.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span>Author Name : Pratik Mahajan<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Introduction to power grid<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica;color: #202122\"><span style=\"font-weight: bold;color: #000000\">Power Grid Corporation of India Limited<\/span><span style=\"color: #000000\">\u00a0is an Indian\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Public_sector_undertakings_in_India\"><span style=\"color: #0000ff\">central public sector undertaking<\/span><\/a>\u00a0under the\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Ownership\"><span style=\"color: #0000ff\">ownership<\/span><\/a>\u00a0of the\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Ministry_of_Power_(India)\"><span style=\"color: #0000ff\">Ministry of Power<\/span><\/a>,\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Government_of_India\"><span style=\"color: #0000ff\">Government of India<\/span><\/a>. It is engaged mainly in\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Electric_power_transmission\"><span style=\"color: #0000ff\">transmission of bulk power<\/span><\/a>\u00a0across different states of India. It is headquartered in\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Gurgaon\"><span style=\"color: #0000ff\">Gurugram<\/span><\/a>. Power Grid transmits about 50% of the total power generated in India on its transmission network. <\/span><span>Its original name was the &#8220;National Power Transmission Corporation Limited&#8221;, was charged with planning, executing, owning, operating and maintaining high-voltage transmission systems in the country.\u00a0On 8 November 1990, the firm received its Certificate for Commencement of Business. Their name was subsequently changed to Power Grid Corporation of India Limited, on 23 October 1992<\/span><span style=\"font-family: Arial;font-size: 27px\">.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 27px;line-height: normal;font-family: Arial\"><span style=\"font-family: Arial-BoldMT;font-weight: bold\">Objective:<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span>The objective of this study to determine the beta value of power grid corporation<\/span> <span>Limited \u00a0relative to Nifty 50 index. Beta measure the Stocks volatility compared to the market. This analysis will help investors assess the risk associated With power grid stocks and make informed investment decision<\/span><span style=\"font-size: 22px\">.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 27px;line-height: normal;font-family: 'Times New Roman'\"><span style=\"font-family: TimesNewRomanPS-BoldMT;font-weight: bold\">Literature Review: \u00a0The Future of Electrical Power Grids: A Direction Rooted in Power Electronic<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span>The future of electrical power grids, focusing on how power electronics will play a key role in their transformation. Traditional power grids, which have been mainly centralized, are evolving into more decentralized systems to accommodate modern technologies like renewable energy, electric vehicles, and smart grids. A significant part of this transformation involves <\/span><span style=\"font-weight: bold\">hybrid AC\/DC grids<\/span><span>, which combine both alternating current (AC) and direct current (DC) systems to improve efficiency and flexibility. Another important technology discussed is <\/span><span style=\"font-weight: bold\">solid-state transformers (SSTs)<\/span><span>, which can replace traditional transformers, offering better control and support for future power grids. The paper also highlights <\/span><span style=\"font-weight: bold\">unified power electronics systems<\/span><span>, which integrate different energy sources and improve power management. These systems help in reducing the number of power converters, increasing efficiency, and supporting power grid stability. Overall, the study suggests that the future power grid will be more adaptable, efficient, and reliant on advanced power electronics technologies to ensure sustainability and reliability.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;line-height: normal;font-family: 'Times New Roman'\"><span>\u00a0<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Power System Oscillations with Different Prevalence of Grid-Following and Grid-Forming Converters<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span>This paper explains how the way electricity is controlled in power systems is changing due to modern technology. Traditionally, power systems were dominated by machines called <\/span><span style=\"font-weight: bold\">synchronous generators<\/span><span>, which helped keep the electricity supply stable. However, with the rise of renewable energy sources like solar and wind, power electronics-based systems are becoming more common. These systems use <\/span><span style=\"font-weight: bold\">power converters<\/span><span>, which come in two types: <\/span><span style=\"font-weight: bold\">Grid-Following (GFL) Converters<\/span><span> and <\/span><span style=\"font-weight: bold\">Grid-Forming (GFM) Converters<\/span><span>.<\/span><\/p>\n<ul>\n<li style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Grid-Following Converters<\/span><span> rely on the existing power grid to function. They adjust themselves based on the grid\u2019s voltage and frequency but don\u2019t directly support stability.<\/span><\/li>\n<li style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Grid-Forming Converters<\/span><span> actively create and regulate the voltage and frequency of the power system, making them more suitable for renewable energy.<\/span><\/li>\n<\/ul>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 21.3px;line-height: normal;font-family: Arial\"><span style=\"font-family: Arial-BoldMT;font-weight: bold;font-size: 21.33px\">Data Collection:<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span>Data for power grid\u00a0\u00a0 and Nifty 50 was downloaded for the period from 1<\/span><span style=\"font-size: 25px\">st<\/span><span> January 2024 to 31<\/span><span style=\"font-size: 25px\">st<\/span><span> December 2024\u00a0 \u00a0the data was manipulated to calculate the Friday closing prices for both indices. The Nifty 50 was represented as X and power grid as Y. A linear regression was performed where Y was regressed on X.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Data Analysis :<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Equation : Power grid Corporation of india limited <\/span><span style=\"font-family: TimesNewRomanPS-BoldMT;font-weight: bold;font-size: 27px\">:\u00a0 = 0.083 + 0.217 Nifty50<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-family: TimesNewRomanPS-BoldMT;font-weight: bold;font-size: 18.67px\">Interpretation<\/span><span style=\"font-family: TimesNewRomanPS-BoldMT;font-weight: bold;font-size: 16px\"> : <\/span><span>The regression equation (Y = 0.083 + 0.217X) describes the relationship between Nifty50 (X) and Power grid corporation share price (Y), indicating that Power grid`s share price is the dependent variable, while Nifty50 is the independent variable. The positive coefficient of 0.217 suggests that for every unit increase in Nifty50, the Power grid share price is expected to increase by 0.217 With 47 observations ((N = 47)), the model&#8217;s R-squared value is 0.23425. The p-value for the slope is 0.7040 which is greater than the conventional threshold of 0.0005, indicating that the relationship between Nifty50 and Power grid share price is not statistically significant at the 5% level. Consequently, this model does not provide strong evidence to suggest a significant linear relationship between Nifty50 and power grid share price<\/span><span style=\"font-size: 22px\">.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Conclusion : <\/span><span>\u00a0Beta of 0.217 indicates that it is less volatile than the market and better for the long term investment.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 22px;line-height: normal;font-family: Helvetica\"><span>\u00a0<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 29px;line-height: normal;font-family: Helvetica\"><span style=\"font-weight: bold\">Reference :<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 14.7px;line-height: normal;font-family: Helvetica\"><span style=\"font-size: 14.67px\">\u00a0<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 25px;line-height: normal;font-family: Arial;color: #2d4e8b\"><span style=\"color: #333333\">Vitor Monteiro &amp; Joao L. Afonso, 2023. &#8220;<a href=\"https:\/\/ideas.repec.org\/a\/gam\/jeners\/v16y2023i13p4929-d1178749.html\"><span style=\"font-family: Arial-BoldMT;font-weight: bold;color: #2d4e8b\">The Future of Electrical Power Grids: A Direction Rooted in Power Electronics<\/span><\/a>,&#8221;\u00a0<a href=\"https:\/\/ideas.repec.org\/s\/gam\/jeners.html\"><span style=\"color: #2d4e8b\">Energies<\/span><\/a>, MDPI, vol. 16(13), pages 1-10, June.<\/span><\/p>\n<p style=\"margin: 0px 0px 10.7px;text-align: justify;font-style: normal;font-size: 25px;line-height: normal;font-family: Arial\"><span>Rossano Musca &amp; Francisco Gonzalez-Longatt &amp; Cesar A. Gallego S\u00e1nchez, 2022. &#8220;<a href=\"https:\/\/ideas.repec.org\/a\/gam\/jeners\/v15y2022i12p4273-d836268.html\"><span style=\"font-family: Arial-BoldMT;font-weight: bold;color: #2d4e8b\">Power System Oscillations with Different Prevalence of Grid-Following and Grid-Forming Converters<\/span><\/a>,&#8221;\u00a0<a href=\"https:\/\/ideas.repec.org\/s\/gam\/jeners.html\"><span style=\"color: #2d4e8b\">Energies<\/span><\/a>, MDPI, vol. 15(12), pages 1-19, June<\/span><\/p>\n<p style=\"text-align: right\"><span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of Nifty with Power grid corporation limited. Author Name : Pratik Mahajan Introduction to power grid Power Grid Corporation of India Limited\u00a0is an Indian\u00a0central public sector undertaking\u00a0under the\u00a0ownership\u00a0of the\u00a0Ministry of Power,\u00a0Government of India. It is engaged mainly in\u00a0transmission of bulk power\u00a0across different states of India. It is headquartered in\u00a0Gurugram. Power Grid transmits about 50%&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=22741\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty with Power grid corporation limited<\/span><\/a><\/p>\n","protected":false},"author":139728,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22741","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139728"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22741"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22741\/revisions"}],"predecessor-version":[{"id":22742,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22741\/revisions\/22742"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22741"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}