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Power Grid gets investment approval worth Rs 328.55 crore

28 Jan 2016 Evaluate

Power Grid Corporation of India (PGCIL) has received its board’s approval for investment proposal worth Rs 328.55 crore. Of total, the company has received investment approval for Western Region System Strengthening Scheme-XIV in Southern Region at an estimated cost of Rs 120.67 crore, with commissioning schedule of 30 months from the date of investment approval.

The company has also received investment approval for constraints in 400kV bays extension at 400kV Vemagiri Sub-Station at an estimated cost of Rs 207.88 crore, with commissioning schedule of 30 months progressively from the date of investment approval.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.

Power Grid Corp Share Price

320.40 1.10 (0.34%)
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