Published on 13/10/2021 12:27:38 PM | Source: Accord Fintech

Power Grid surges as its board approves investment of Rs 14.23 crore for EV charging station in Navi Mumbai

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Power Grid Corporation of India is currently trading at Rs. 201.85, up by 8.55 points or 4.42% from its previous closing of Rs. 193.30 on the BSE.

The scrip opened at Rs. 196.30 and has touched a high and low of Rs. 204.50 and Rs. 194.20 respectively. So far 656139 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.50 on 13-Oct-2021 and a 52 week low of Rs. 115.99 on 15-Oct-2020.

Last one week high and low of the scrip stood at Rs. 204.50 and Rs. 187.00 respectively. The current market cap of the company is Rs. 137834.95 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.16% and 6.51% respectively.

Power Grid Corporation of India’s (PGCIL) board has approved an investment of Rs 14.23 crore for setting up of electric vehicle (EV) charging station in Navi Mumbai under the FAME India Scheme Phase-II. The commissioning schedule is 12 months for the charging station and 24 months for other infrastructures such as kiosks and toilets from the date of agreement to be signed between Power Grid and Navi Mumbai Municipal Transport (NMMT). The board also approved the incorporation of a wholly-owned subsidiary of the company to undertake its telecommunications and digital technology business.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

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