Power Grid Corporation gains on acquiring Khavda PS1 and 3 Transmission
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Power Grid Corporation Of India is currently trading at Rs. 314.00, up by 1.10 points or 0.35% from its previous closing of Rs. 312.90 on the BSE.
The scrip opened at Rs. 312.70 and has touched a high and low of Rs. 314.80 and Rs. 308.70 respectively. So far 82059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 366.20 on 25-Sep-2024 and a 52 week low of Rs. 205.75 on 16-Nov-2023.
Last one week high and low of the scrip stood at Rs. 324.60 and Rs. 308.70 respectively. The current market cap of the company is Rs. 292783.01 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.15% and 3.51% respectively.
Power Grid Corporation of India has acquired ‘Khavda PS1 and 3 Transmission (KPS1&3TL), the Project SPV to establish Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3), on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting. KPS1&3TL has been acquired by Power Grid pursuant to Power Grid emerging as the successful bidder under Tariff Based Competitive Bidding.
The project comprises installation of 2 nos. of ±300 MVAR STATCOMs at Khavda Pooling Station 1 (KPS1) and 1 no. ±300 MVAR STATCOM at Khavda Pooling Station 3 (KPS3) along with associated bays extension works in the State of Gujarat.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
