Power Grid Corporation of India Limited

India

Power Grid Corporation of India Limited is a public sector undertaking involved in the transmission of electricity across India. The company plays a pivotal role in ensuring efficient and reliable power transmission across regions, contributing significantly to the nation’s power infrastructure.

CCI Score

11.47

-0.01% April 18

Latest Event

Bribery Scandal Exposes Unethical Practices at Power Grid Corporation

The CBI arrested a senior GM of Power Grid Corporation for allegedly taking a bribe in exchange for extending undue favours during the processing of contracts. This event raises serious concerns over the company’s adherence to ethical business practices and internal controls.

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SABOTEUR

Power Grid Corporation of India Limited is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

MAR

21

2025

Bribery Scandal Exposes Unethical Practices at Power Grid Corporation
-60.00

The CBI arrested a senior GM of Power Grid Corporation for allegedly taking a bribe in exchange for extending undue favours during the processing of contracts. This event raises serious concerns over the company’s adherence to ethical business practices and internal controls.
MAR

01

2024

POWERGRID Supplier Code of Conduct
80.36

Power Grid Corporation of India Limited released a comprehensive Supplier Code of Conduct that outlines ethical business practices, robust labor rights, non-discrimination standards, and stringent supplier guidelines designed to ensure an ethical and sustainable supply chain.
+90

Labor Relations and Human Rights Practices

March 21

The Supplier Code of Conduct strongly emphasizes labor rights, including non-discrimination, fair remuneration, safe working conditions, and the prohibition of forced or child labor. These measures directly support human rights and are counter to authoritarian and exploitative labor practices, resulting in a high positive score in Labor Relations and Human Rights Practices.

POWERGRID Supplier Code of Conduct
+90

Supply Chain Ethics

March 21

The Code mandates high ethical standards in the supply chain, requiring that suppliers adhere to strict guidelines to prevent forced labor, corruption, and unethical practices. By enforcing these robust supply chain ethics, POWERGRID actively discourages practices that could contribute to authoritarian tendencies, earning a strong positive rating.

POWERGRID Supplier Code of Conduct
OCT

20

2023

CBI Arrests Senior GM Amid Bribery Allegations at Power Grid Corporation
-44.01

A senior GM at Power Grid Corporation of India Limited was arrested by the CBI for allegedly accepting a bribe in exchange for facilitating undue favors in processing bills for government contracts. This event highlights serious concerns over unethical business practices and potential undermining of fair economic processes in a key public sector enterprise.
-60

Business Practices and Ethical Responsibility

March 21

The arrest for bribery at Power Grid Corporation demonstrates a significant breach in ethical business practice. The involvement of a senior GM in accepting bribes to facilitate undue advantages in contract processing undermines corporate accountability and transparency, thus contributing to a culture of corruption which can erode public trust and support far-reaching authoritarian practices.

CBI arrests senior GM of Power Grid Corporation of India for allegedly taking Rs 2.5 lakh bribe
-40

Economic and Structural Influence

March 21

The bribery incident indicates potential economic collusion that undermines fair competitive practices. By facilitating favoritism in the awarding of contracts, the event weakens the structural integrity of economic processes, fostering an environment where unethical behavior can lead to policy distortions that may indirectly reinforce authoritarian control.

CBI arrests senior GM of Power Grid Corporation of India for allegedly taking Rs 2.5 lakh bribe
APR

13

2023

Adoption of Human Rights Policy
73.55

Power Grid Corporation of India Limited published a comprehensive Human Rights Policy reaffirming its commitment to protecting labor rights and human rights practices.
+90

Labor Relations and Human Rights Practices

March 21

The Human Rights Policy clearly outlines POWERGRID's commitment to uphold human rights and labor standards. The policy enforces non-discriminatory practices, provides a robust grievance redressal mechanism, and promotes equal opportunity regardless of gender, caste, or religion. This proactive stance demonstrates a strong ethical commitment and responsible labor relations.

Human Rights Policy
JUN

29

2021

CSR and Political Donations during COVID-19
7.46

POWERGRID demonstrated significant corporate social responsibility during the COVID-19 pandemic by donating ₹130 crore to PM CARES Fund in 2019-20 and ₹70 crore in FY 2020-21, along with extensive community support including distribution of PPE, food, and medical aid. However, its financial contribution to an opaque government fund may be seen as legitimizing a political mechanism criticized for a lack of transparency, potentially reinforcing authoritarian governance practices.
-30

Political Contributions and Lobbying Efforts

March 21

The donation to the PM CARES Fund, which many critics argue is shrouded in opacity and has been linked to authoritarian state practices, suggests that POWERGRID is indirectly supporting government initiatives that may undermine democratic accountability. From an anti-fascist perspective, channeling such large sums into politically tied funds can be seen as a problematic endorsement of policies lacking sufficient transparency.

CSR
+60

Labor Relations and Human Rights Practices

March 21

POWERGRID's proactive efforts in distributing essential supplies, setting up medical infrastructure, and providing ambulances and healthcare support across diverse regions during the COVID-19 crisis highlight a strong commitment to ethical responsibility and community welfare.

CSR