Power Grid Corporation of India shines on acquiring MEL Power Transmission

Power Grid Corporation Of India is currently trading at Rs. 292.65, up by 4.05 points or 1.40% from its previous closing of Rs. 288.60 on the BSE.
The scrip opened at Rs. 290.05 and has touched a high and low of Rs. 293.05 and Rs. 290.05 respectively. So far 82692 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. 247.50 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 295.05 and Rs. 287.20 respectively. The current market cap of the company is Rs. 271670.64 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.12% and 3.54% respectively.
Power Grid Corporation of India has acquired MEL Power Transmission (MPTL), the Project SPV to establish ‘Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator--PFC Consulting (PFCCL). The project comprises 400kV D/C Transmission Line and associated bays at existing Rewa PS (PG) sub-station in the state of Madhya Pradesh.
MPTL has been acquired by Power Grid pursuant to Power Grid emerging as the successful bidder under Tariff Based Competitive Bidding. MPTL is engaged in the business as that of Power Grid i.e. transmission of power.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.










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