Power Grid Corporation gains on acquiring Bhadla-III Power Transmission
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Power Grid Corporation is currently trading at Rs. 336.00, up by 2.90 points or 0.87% from its previous closing of Rs. 333.10 on the BSE.
The scrip opened at Rs. 334.95 and has touched a high and low of Rs. 336.70 and Rs. 334.10 respectively. So far 45911 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. 182.70 on 31-Aug-2023.
Last one week high and low of the scrip stood at Rs. 341.45 and Rs. 329.00 respectively. The current market cap of the company is Rs. 309803.11 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, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on August 28, 2024, acquired Bhadla-III Power Transmission, the Project SPV to establish ‘Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator i.e. REC Power Development and Consultancy.
The project comprises of augmentation of transformation capacity and associated bays extension works at existing Bhadla-III substation, Rajasthan.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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