145;Power146;ful listing by PGCIL

The scrip settled at Rs 100.65 up Rs 48 on the BSE, while a total of 9.97 crore shares changed hands at the exchange. The scrip had touched an intra-day high of Rs 109.40, which took its market capitalisation above the 10 billion mark.

The company owns and operates 61,875 circuit kms of transmission lines across the country. PGCIL would also invest up to Rs 2,000 crore to boost its telecom network in the next two years, its chairman and managing director R P Singh said after the listing. The company8217;s telecom network, which extends to 60 cities, will be doubled and the government-owned firm will soon foray into the business of retailing its network for entertainment ventures like movies. The company expects to earn a profit of Rs 130-135 crore from the telecom business and Rs 200 crore from consultancy business in 2007-08, he said.