GRID-INDIA receives Miniratna Recognition
Tags: Economics/Business
Grid Controller of India Limited (GRID-INDIA) achieved Miniratna Category-I Central Public Sector Enterprise (CPSE) status.
An Overview of the News
The Ministry of Power, Government of India grants Miniratna Category-I recognition to GRID-INDIA.
This situation underlines the important role of GRID-INDIA in the country's power sector.
This symbolizes GRID-INDIA's enhanced status as a Central Public Sector Enterprise (CPSE).
About GRID-INDIA
Established in 2009, GRID-INDIA is tasked with overseeing the smooth functioning of the Indian power system.
Its primary duties include ensuring efficient power transfer within and across regions, promoting international power exchanges, and emphasizing reliability, economy, and sustainability.
GRID-INDIA also plays a role in promoting competitive and efficient wholesale electricity markets and administering settlement systems.
It consists of five Regional Load Despatch Centers (RLDC) and a National Load Despatch Center (NLDC).
GRID-INDIA manages the All India Synchronous Grid, one of the largest and most complex power systems in the world.
Knowledge-Driven Operation:
GRID-INDIA functions as a knowledge-driven entity, committed to carrying out various functions mandated by the Government of India while adjusting to the emerging requirements of the power sector.
Principal Orders and Duties:
GRID-INDIA's primary responsibilities include:
To oversee uninterrupted power system operations,
Facilitating efficient power transfer within and across regions,
enabling international electricity exchange,
Managing All India Synchronous Grid
Promoting competitive wholesale electricity markets
managing settlement systems
ensuring harmonious regional
National Electricity System Operation
Advanced Recognition:
Receiving the Miniratna Category-I CPSE status from the Ministry of Power underlines the excellent performance, operational efficiency and strategic importance of GRID-INDIA in India's power landscape.
This recognition empowers GRID-INDIA to further enhance operational autonomy, navigate emerging market dynamics and contribute significantly to India's energy security and sustainable development.
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