Power Grid Corporation inches up on emerging as successful bidder to establish Inter-State transmission system
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Power Grid Corporation Of India is currently trading at Rs. 335.40, up by 1.20 points or 0.36% from its previous closing of Rs. 334.20 on the BSE.
The scrip opened at Rs. 337.15 and has touched a high and low of Rs. 337.15 and Rs. 334.45 respectively. So far 11143 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. 341.45 and Rs. 333.05 respectively. The current market cap of the company is Rs. 310826.18 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 the project namely Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): Part H1 on build, own operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on September 18, 2024.
The project comprises establishment of new 765/400/220kV sub-station at Kurawar, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Madhya Pradesh.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
