Power Grid Corporation gains on acquiring Sikar Khetri Transmission
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Power Grid Corporation Of India is currently trading at Rs. 273.80, up by 0.70 points or 0.26% from its previous closing of Rs. 273.10 on the BSE.
The scrip opened at Rs. 273.55 and has touched a high and low of Rs. 275.90 and Rs. 266.15 respectively. So far 845526 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.45 on 05-Feb-2024 and a 52 week low of Rs. 158.81 on 10-Feb-2023.
Last one week high and low of the scrip stood at Rs. 289.45 and Rs. 266.15 respectively. The current market cap of the company is Rs. 253441.45 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.28% and 3.37% respectively.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on February 9, 2024 acquired Sikar Khetri Transmission, the Project SPV to establish Transmission System for ‘Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D – Phase I’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – REC Power Development and Consultancy.
The scope of the project comprises establishment of 02 nos. 765kV D/C transmission lines traversing in Rajasthan and Delhi along with associated bays extension works at existing substations located in Rajasthan and Delhi. The entity was acquired for an aggregate value of about Rs 19.30 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the company as on February 9, 2024.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
