In 1980, the Rajadhyaksha Committee on Power Sector Reforms submitted its report to the Government of India suggesting that extensive reforms were needed in the Indian power sector. In 1981, the Government of India took a policy decision to form a National Power Grid, which would pave the way for the integrated operation of the central and regional transmission systems. In October 23, 1989 under the Companies Act, 1956, the National Power Transmission Corporation Limited was formed, and assigned the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems in the country. In October 1992 , the National Power Transmission Corporations name was changed to Power Grid Corporation of India Limited, as we know of it today.