Power Grid surges after its arm gets registration certificate for infrastructure provider category I
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Power Grid Corporation Of India is currently trading at Rs. 215.45, up by 0.45 points or 0.21% from its previous closing of Rs. 215.00 on the BSE.
The scrip opened at Rs. 216.05 and has touched a high and low of Rs. 216.90 and Rs. 214.60 respectively. So far 190926 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. 218.70 and Rs. 212.60 respectively. The current market cap of the company is Rs. 150286.13 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’s wholly owned subsidiary -- POWERGRID Teleservices has received Registration Certificate for Infrastructure Provider Category I (IP-I) from Department of Telecommunications, Government of India to establish and maintain the assets such as Dark Fibres, Right of Way, Duct Space and Tower for the purpose to grant on lease/rent/sale basis to the licensees of Telecom Services licensed under Section 4 of Indian Telegraph Act, 1885.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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