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Power Grid Corporation gets nod for three investment approvals

12 Jul 2011 Evaluate

Power Grid Corporation of India’s board of directors have granted their nod for three investment approvals. Out of which first is for 'Eastern Region Strengthening Scheme-IV (ERSS-IV)' at an estimated cost of Rs. 60.36 crore, with commissioning schedule of 21 months from the date of investment approval.

While, the second is for ‘Transmission System for establishment of 400/220kV GIS Substation at Kala in UT DNH’ at an estimated cost of Rs. 181.93 Crore, with commissioning schedule of 24 months from the date of investment approval.

Finally the third approval is for ‘'Augmentation of POWERGRID's Telecom backbone network and access network for Implementation of National Knowledge Network (NKN) Project' at an estimated cost of Rs. 505.48 Crore, with commissioning schedule of 24 months from the date of investment approval’. Further, the company’s board of directors at their meeting held on July 07, 2011, approved the three investment approvals.

Power Grid Corp Share Price

284.80 -1.55 (-0.54%)
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