Power Grid Corporation of India (PGCIL) has received an approval for formation of a Joint Venture Company (JVC) with Rashtriya Ispat Nigam (RINL) on 50:50 equity participation basis for setting up manufacturing facility for Transmission Line Towers & Tower Parts at Vishakhapatnam. The board of directors at their meeting held on September 17, 2014 has approved for the same.
The board also approved investment for procurement of Telecom Equipment (DWDM/PTN/SDH), DCPS and Air-Conditioning System for Augmentation of Telecom Backbone and Access Network’ at an estimated cost of Rs 331.88 crore, with commissioning schedule of 24 months from the date of award.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.
| Company Name | CMP |
|---|---|
| NTPC | 399.60 |
| Tata Power | 437.65 |
| Adani Power | 204.50 |
| Power Grid Corp | 321.80 |
| Torrent Power | 1621.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: