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.