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Consider the following statements:
1. PowerGrid Infrastructure Investment Trust (PGInvIT) is the first InvIT to be listed in the Indian markets.
2. Power Grid Corporation of India (PGCIL) is a Maharatna company under the administrative control of the Ministry of Power
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements:1. PowerGrid Infrastructure Investme...
  • The Power Grid Corporation of India (PGCIL) has launched its Infrastructure Investment Trust (InvIT) - PowerGrid Infrastructure Investment Trust (PGInvIT).
    • It is the first time a state-owned entity (PGCIL) is monetizing its infrastructure assets through the InvIT route.
    • This will be only the third InvIT to be listed in the Indian markets, after IRB InvIT and India Grid Trust, both of which went public in 2017. Hence, statement 1 is not correct.
    • The InvIT route was proposed by the Centre as an alternative fundraising route for state-run companies to manage funding requirements without having to depend on government support.
  • Power Grid Corporation of India (PGCIL) is a public limited company under the administrative control of the Ministry of Power.
    • It is the largest power transmission company in India.
    • It started its commercial operation in the year 1992-93 and is today, a Maharatna company. Hence, statement 2 is correct.
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Most Upvoted Answer
Consider the following statements:1. PowerGrid Infrastructure Investme...
Explanation:

PowerGrid Infrastructure Investment Trust (PGInvIT)
- The first statement is incorrect. The first InvIT to be listed in the Indian markets was India Grid Trust, which got listed in 2017. Therefore, PowerGrid Infrastructure Investment Trust (PGInvIT) is not the first InvIT to be listed in the Indian markets.

Power Grid Corporation of India (PGCIL)
- The second statement is correct. Power Grid Corporation of India (PGCIL) is indeed a Maharatna company under the administrative control of the Ministry of Power. It is one of the largest power transmission companies in India and plays a crucial role in the country's power sector.
Therefore, the correct answer is option 'B' - 2 only.
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Consider the following statements:1. PowerGrid Infrastructure Investment Trust (PGInvIT) is the first InvIT to be listed in the Indian markets.2. Power Grid Corporation of India (PGCIL) is a Maharatna company under the administrative control of the Ministry of PowerWhich of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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