Power Grid Corporation climbs on emerging as successful bidder under TBCB
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Power Grid Corporation Of India is currently trading at Rs. 341.00, up by 6.10 points or 1.82% from its previous closing of Rs. 334.90 on the BSE.
The scrip opened at Rs. 337.30 and has touched a high and low of Rs. 342.85 and Rs. 334.65 respectively. So far 475291 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 362.30 on 01-Aug-2024 and a 52 week low of Rs. 193.80 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 342.85 and Rs. 333.05 respectively. The current market cap of the company is Rs. 318638.69 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.04% and 3.62% respectively.
Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding (TBCB) to establish Inter-State transmission system for the project namely ‘Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part B’ on build, own, operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on September 19, 2024.
The project comprises establishment of new 765/400/220kV (GIS) sub-station at a suitable location near South of Olpad, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Gujarat.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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