Power Grid Corporation of India (PGCIL) has received its board’s approval for investment proposal worth Rs 885.11 crore. Of total, the company has received investment approval for Transmission System Strengthening in Indian System for Transfer of power from Mangdechhu hydroelectric Project in Bhutan at an estimated cost of Rs 808.63 crore, with commissioning schedule of 22 months progressively from the date of investment approval with best efforts to match with the completion of the transmission line with the commissioning of 1st unit of Mangdechhu HEP as per implementation agreement.
The company has also received investment approval for augmentation of transformation capacity at Mainpuri & Sikar at an estimated cost of Rs 76.48 crore, with commissioning schedule of 24 months 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.
| Company Name | CMP |
|---|---|
| NTPC | 404.25 |
| Tata Power | 439.15 |
| Adani Power | 211.75 |
| Power Grid Corp | 319.75 |
| Torrent Power | 1651.00 |
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