Power Grid Corporation gains on emerging as successful bidder to establish Inter-State transmission system in Gujarat
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Power Grid Corporation Of India is currently trading at Rs. 344.05, up by 3.00 points or 0.88% from its previous closing of Rs. 341.05 on the BSE.
The scrip opened at Rs. 343.90 and has touched a high and low of Rs. 346.20 and Rs. 342.35 respectively. So far 33055 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. 346.20 and Rs. 333.05 respectively. The current market cap of the company is Rs. 317197.09 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 to establish Inter-State transmission system for ‘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. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on September 23, 2024. The project comprises installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in the State of Gujarat.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
