Power Grid Corporation of India gains on bagging five projects to establish transmission system
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Power Grid Corporation is currently trading at Rs. 217.45, up by 3.70 points or 1.73% from its previous closing of Rs. 213.75 on the BSE.
The scrip opened at Rs. 217.45 and has touched a high and low of Rs. 217.45 and Rs. 217.45 respectively. So far 2394 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 248.25 on 10-May-2022 and a 52 week low of Rs. 186.35 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 217.00 and Rs. 212.45 respectively. The current market cap of the company is Rs. 149100.30 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.50% and 3.16% respectively.
Power Grid Corporation of India has bagged five projects to establish Inter-State transmission system. The company has been declared as the successful bidder under Tariff based competitive bidding (TBCB). The company has bagged these projects on build, own operate and transfer (BOOT) basis.
The company has received Letters of Intent (LoI) on February 17, 2023 for projects - ‘Transmission Network Expansion in Gujarat associated with integration of RE projects from Khavda potential RE zone’, ‘Inter-regional ER-WR Interconnection’, ‘Establishment of Khavda Pooling Station-2 (KPS2) in Khavda RE Park’, ‘Transmission scheme for evacuation of 4.5GW RE injection at Khavda PS under Phase II- Part B’ and ‘Transmission scheme for evacuation of 4.5GW RE injection at Khavda PS under Phase II- Part C’.
