GRIDCO Limited carried on the business of transmission and bulk supply of electricity and other related activities under an exclusive license issued by Odisha Electricity Regulatory Commission. Con...
GRIDCO Limited carried on the business of transmission and bulk supply of electricity and other related activities under an exclusive license issued by Odisha Electricity Regulatory Commission. Consequent upon enactment of Electricity Act, 2003, the transmissi on related activities of the Company were transferred and vested with Odisha Power Transmission Corporation Limited, a wholly owned undertaking of the State Government through Odisha Electricity Reforms (Transfer of Transmission and Related Activities) Scheme, 2005 with effect from 09.06.2005. After separation, GRIDCO Limited is presently engaged in business of bulk purchase and bulk sale of power to the four Distribution Companies inside the State and trading of surplus power through traders to promote exchange of power with neighbouring States in the country. Provide uninterrupted supply of affordable power to Distribution Licensees for retail sale to the consumers of the state, so as to ensure universal access of electricity. Build and grow sustainable and viable business for shareholders while having an excellent public image for ethical corporate behavior. Commit full & proactive participation and ensure adherence to the regulatory and statutory frameworks. Strengthen our human capital by fostering growth of employees and instill a pride of belongingness through a congenial, professional and safe work environment. Commit to improve efficiency by adopting best business practices and implementing modern technology in the business. Maintain credible and trustworthy relationship with our investors and lenders. Commit to highest standards of Corporate Governance and ethical behavior. Contribute meaningfully to the society by diligently discharging Corporate Social Responsibility. Protect environment by promoting energy efficiency & renewable energy development, reducing greenhouse gas emissions and offsetting environmental damage. []