Is Power Grid Corporation of India Ltd Share halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of Power Grid Corporation of India Ltd, you’ve come to the right place!
In this article, we provide a detailed breakdown of Power Grid Corporation of India Ltd’s business operations, financials, and compliance with Shariah screening guidelines. Whether you’re an ethical investor or exploring halal investment opportunities, this analysis will help you make an informed decision.
Is Power Grid Corporation of India Ltd Share Halal or Not?
Power Grid Corporation of India Ltd is India’s largest electric power transmission company, has undergone a Shariah compliance screening based on key financial and business criteria. According to the latest annual report published on 31-07-2024, Power Grid Corporation of India Ltd Share appears to be Not Halal and Non-Shariah Compliant.
Shariah Compliance Analysis of Power Grid Corporation of India Ltd
Not Halal / Non-Shariah Compliant
| Criteria | Value | Status |
| Business Activity | Electric Power Transmission | ✅ PASS |
| Impermissible Income to Total Revenue | 0.0% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 49.23% | ❌ FAIL |
| Illiquid Assets to Total Assets Ratio | 78.67% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Business Overview of Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd (POWERGRID) is a state-owned electric utility company responsible for transmitting about 50% of India’s total power generated. Established in 1989, it operates a vast interstate transmission network, ensuring reliable electricity supply across the country.
POWERGRID owns and manages high-voltage transmission lines, substations, and smart grid solutions, playing a key role in India’s energy infrastructure. The company is also involved in renewable energy transmission and digital infrastructure projects.
Listed on the NSE and BSE, POWERGRID is known for its stable financial performance and government backing, making it a preferred choice for investors. With a commitment to sustainable energy solutions, it continues to expand and modernize India’s power transmission sector.
Power Grid Corporation of India Ltd Live Price Chart
Conclusion
Based on the screening Process and the latest annual report published on 31-07-2024, Power Grid Corporation of India Ltd Share appears to be Not Halal and Non-Shariah Compliant (Allah Knows the Best). However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
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Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.