Powergrid Corporation of India Ltd approves proposal for investment

Powergrid Corporation of India Ltd's (POWERGRID) Board / Committee thereof in their meetings held on 5th July, 2022 have accorded approvals for the following:

- Investment Approval for Transmission Network Expansion in Gujrat to increase ATC from ISTS: Part B at an estimated cost of Rs. 4,546.26 crore scheduled to be commissioned by June, 2023;

- Investment Approval for Transmission Network Expansion in Gujrat to increase ATC from ISTS: Part C at an estimated cost of Rs. 186.19 crore scheduled to be commissioned matching with establishment of 400/220kV Prantij S/s and 400kV Sankhari- Prantij D/c line by GETCO (presently expected by March, 2025);

- Investment Approval for Western Region Expansion Scheme XXVI at an estimated cost of Rs. 127.61 crore scheduled to be commissioned matching with downstream 220kV lines being implemented by MSETCL (presently expected by June, 2024 ); and

- Incorporation of the Joint Venture Company between Power Grid Corporation of India Limited and Nepal Electricity Authority (NEA) with equity participation of 50:50 by both JV partners for implementation of Indian Portion of New Butwal - Gorakhpur 400 kV Double Circuit (Quad Moose) Cross Border Transmission Line.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 210.60 as compared to the previous close of Rs. 214.10. The total number of shares traded during the day was 9417328 in over 4626 trades.

The stock hit an intraday high of Rs. 214.50 and intraday low of 208.20. The net turnover during the day was Rs. 2001180088.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 InvestmentApproval