01-01-1970 12:00 AM | Source: Accord Fintech
Power Grid gains on getting nod to invest Rs 821.29 in five projects
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Power Grid Corporation Of India is currently trading at Rs. 213.35, up by 2.15 points or 1.02% from its previous closing of Rs. 211.20 on the BSE.

The scrip opened at Rs. 213.45 and has touched a high and low of Rs. 213.65 and Rs. 211.90 respectively. So far 45089 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.35 on 08-Mar-2022 and a 52 week low of Rs. 148.88 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 214.45 and Rs. 206.70 respectively. The current market cap of the company is Rs. 148646.90 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 36.61% and 12.05% respectively.

Power Grid Corporation of India has received approval for investment of Rs 821.29 in five transmission projects. The company has received investment approvals for the transmission system strengthening beyond Kolhapur for export of power from solar and wind energy zones in the Southern Region. The project cost is estimated at Rs 129.28 crore and is scheduled to be commissioned by February, 2023, for transmission system strengthening for Srinagar-Leh Transmission System at an estimated cost of Rs 288.71 crore scheduled to be commissioned by December, 2024.

Augmentation of transformation capacity in the Southern Region at an estimated cost of Rs 176.22 crore scheduled to be commissioned by March 20, 2023, Augmentation of transformation capacity at 4001220 kV Kurukshetra (PG) & Patiala (PG) Substations at an estimated cost of Rs 106.99 crore scheduled to be commissioned by February 15, 2023 for ICT at Kurukshetra SIS and by May, 2023 for ICT at Patiala SIS; and for evacuation of RE in Tirunelveli and Tuticorin Wind Energy Zone (Tamil Nadu) 500 MW at an estimated cost of Rs 120.09 crore scheduled to be commissioned by March, 2023.

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