IDGC of Volga (MRKV) Stock Overview

Public Joint Stock Company Rosseti Volga engages in transmission and distribution of electric power worldwide. It is involved in the provision of services technological connection consumers to electric grids; and trading, trading-purchasing, intermediary, sale, and marketing operations. The company also offers hotel accommodation, sanatorium, resort, and medical treatment and prophylactic services; public catering; working capacity of electric and thermal network; and design, and civil and knot works for the accounts of electric power. In addition, it offers civil repair, assembly, and specialized services for installation of systems of gas supply, and service of objects; designs and installs heat, gas, and process equipment; supplies hot and cold water; installs boiler, and auxiliaries, as well as instrumentation and unit fuel consuming units; produces and trades in foodstuff; and organizes and carries out power audit. Further, the company provides medical, advisory, expert, tourist, informational, organizational, administrative, and institution's employee protection services; conducts prophylactic, sanitary, and informational work; and organizes active rest and cultural leisure for patient, recreation event, physical training, sport, tourist, children's recreational camp, and other mass event. Additionally, it transports passenger by motor transport and car, as well as cargoes by motor transport; rents motor transport, agricultural and construction machinery, and equipment, as well as other motor vehicles, machinery, and equipment to individual and legal entity; and maintains and repairs motor vehicle. The company was formerly known as Interregional Distribution Grid Company of Volga, Public Joint-Stock Company and changed its name to Public Joint Stock Company Rosseti Volga in August 2020. The company was incorporated in 2007 and is based in Saratov, Russia. Public Joint Stock Company Rosseti Volga is a subsidiary of Rosseti, PJSC.