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Power Grid gains on receiving approval for substation extensions for transmission system

16 Feb 2015 Evaluate

Power Grid Corporation of India is currently trading at Rs. 152.80, up by 1.60 points or 1.06% from its previous closing of Rs. 151.20 on the BSE.

The scrip opened at Rs. 152.00 and has touched a high and low of Rs. 153.10 and Rs. 152.00 respectively. So far 8,397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.10 on 16-Feb-2015 and a 52 week low of Rs. 93.25 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 153.10 and Rs. 139.90 respectively. The current market cap of the company is Rs. 79,938.00 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 35.32% and 6.79% respectively.

Power Grid Corporation of India has received its board’s approval for investment in substation extensions for Transmission System associated with Vindhyachal-V (500MW) project of NTPC (Part-A)’ at an estimated cost of Rs 66.73 crore, with commissioning schedule of 30 months from the date of investment approval.

The company has also received its board’s nod for formation of Joint Venture Company (JVC) amongst POWERGRID with 14% equity, NTPC with 30% equity, Power Finance Corporation Limited (RFC) with 14% equity, Indian Renewable Energy Development Agency Limited (IREDA) with 14% equity, Power Trading Corporation of India (PTC) with 14% equity and Gujarat Power Corporation (GPCL) with 14% equity for development of offshore wind power in India.

Further, it has also received approval for long term borrowings for the Financial Year (FY) 2015-16 of Rs. 16,000 crore including Rs 3,000 crore tied up loan and remaining Rs 13,000 crore to be raised through domestic / external sources for financing of Power Grid Capital expenditure requirement and providing inter corporate loan(s) on cost to cost basis and back to back servicing, to project SPV’s acquired by Power Grid under Tariff Based Competitive Bidding (TBCB) Projects.

Power Grid Corporation of India 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.

Power Grid Corp Share Price

321.15 1.55 (0.48%)
21-Apr-2026 09:41 View Price Chart
Peers
Company Name CMP
NTPC 401.15
Tata Power 434.85
Adani Power 205.65
Power Grid Corp 321.15
Torrent Power 1622.80
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