Power Grid Corporation of India to offer engineering services

NEW DELHI: State-owned Power Grid Corporation of India plans to diversify into engineering, procurement and construction services in India and overseas. The company’s director (personnel) VM Kaul said the company was also open to partnering private companies for the purpose on caseto-case basis.

The Corp also plans expansion in Asian and African countries by offering consultancy services and acquisition of power transmission assets, he said. "At present we are an India centric country, but we expect saturation in the next four-five years. We plan to expand our consultancy and telecom businesses for which Asia and Africa would be thrust markets. We are looking to tap engineering, procurement and construction space and may look at partnerships with private companies as and when required," Kaul said on the sidelines of an international conference Gridtech 2011.

The company earns 94% of its revenue from electricity transmission business, while consultancy services and telecom businesses bring the rest. In 2010-11 , the company earned about Rs 260 crore through consultancy services and it expects the business to grow 10% annually.