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Power Grid gets nod for seven investment proposals worth Rs 2,510.34 crore

Power Grid Corporation Of India Ltd. | Power Generation/Distribution | Power | BSE: 532898 | NSE: POWERGRID

14 Jan 2016 Evaluate

Power Grid Corporation of India (PGCIL) has received seven investment proposals worth Rs 2,510.34 crore. The board of directors at their meeting held on January 12, 2016 has approved for the same. The first investment approval is for System Strengthening - XXIV in Southern Region at an estimated cost of Rs 1455.47 crore, with commissioning schedule of 30 months progressively from the date of investment approval.

The second investment approval is for connectivity for Kundankulam 3&4 (2x1000 MW) with Interstate Transmission System at an estimated cost of Rs 162.11 Crore, with commissioning schedule of 28 months progressively from the date of investment approval while the third investment approval is for Provision of 400kV bays for Northern Region System Strengthening Scheme - XXIX (NRSS-XXIX) at an estimated cost of Rs 57.40 crore, with commissioning schedule of 18 months for 2 Nos. bays each at Jalandhar and Samba substations for 400kV D/C Jalandhar - Samba line and 34 months for 2 Nos. bays at Samba substation for 400kV D/C Samba -Amargarh line together with 2x50MVAR line reactors at Samba, from the date of investment approval.

Besides, the fourth investment approval is for Transmission System for Ultra Mega Solar Park (750 MW) in Rewa district, Madhya Pradesh’ at an estimated cost of Rs 305.04 crore, with commissioning schedule of 14 months from the date of investment approval while the fifth investment approval is for Transmission System associated with Darlipalli TPS at an estimated cost of Rs 187.04 crore, with commissioning schedule of 29 months progressively from the date of investment approval.

Further, the sixth investment approval is for Transmission system strengthening associated with Mundra UMPP (Part-A) at an estimated cost of Rs 244.19 crore, with commissioning schedule of 30 months from the date of investment approval while the seventh investment approval is for Transmission System for Ultra Mega Solar Park in Anantpur District, Andhra Pradesh - Part B (Phase-ll) at an estimated cost of Rs 99.09 crore, with commissioning schedule of 16 months for Loop In and 30 months for Loop Out portion from the date of investment approval.

Power Grid Corp Share Price

317.95 -1.35 (-0.42%)

22-Apr-2026 09:37 View Price Chart

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NTPC	400.20
Tata Power	438.90
Adani Power	207.30
Power Grid Corp	317.95
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Power Grid gets nod for seven investment proposals worth Rs 2,510.34 crore

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