Power Grid trades higher on emerging as successful bidder under TBCB
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Power Grid Corporation of India is currently trading at Rs. 242.25, up by 0.80 points or 0.33% from its previous closing of Rs. 241.45 on the BSE.
The scrip opened at Rs. 242.25 and has touched a high and low of Rs. 244.90 and Rs. 239.25 respectively. So far 513035 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.90 on 05-Jan-2024 and a 52 week low of Rs. 153.34 on 09-Jan-2023.
Last one week high and low of the scrip stood at Rs. 244.90 and Rs. 234.70 respectively. The current market cap of the company is Rs. 224981.61 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.22% and 3.44% respectively.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding (TBCB) to establish Inter-State Transmission System for ‘Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka’ on Build, Own, Operate and Transfer (BOOT) basis.
The Letter of Intent (LoI) has been received by Power Grid Corporation of India on January 5, 2024. The scope of the project comprises establishment of new 765/400/220 kV substation at Bidar, 765kV D/C Transmission Line and associated bays extension works at other existing substation in the states of Karnataka & Telangana.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
