Power Grid Corporation of India Ltd accords investment approvals

The Board of Directors of POWERGRID in their meeting held on 6th March, 2023 have accorded Investment approvals for the following:

1. Eastern Region Expansion Scheme-XXIX (ERES-XXIX) at an estimated cost of Rs. 524.04 crore scheduled to be commissioned by November, 2025;

2. Transmission system for Kurnool Wind Energy Zone / Solar Energy Zone (AP) - Part-A & Part-B at an estimated cost of Rs. 3546.94 crore scheduled to be commissioned by November, 2024.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 227.05 as compared to the previous close of Rs. 222.05. The total number of shares traded during the day was 377838 in over 4853 trades.

The stock hit an intraday high of Rs. 228.70 and intraday low of 223.05. The net turnover during the day was Rs. 85786548.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 PGCIL InvestmentApproval