SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Power Grid to invest Rs 1,184.45 crore for power transmission related projects

24 Oct 2016 Evaluate

Power Grid Corporation of India (Power Grid) has received its board's approval for investment proposals worth Rs 1,184.45 crore for power transmission related projects. The board of directors at its meeting held on October 22, 2016 approved for the same. The first investment approval is for augmentation of transformation capacity in Southern Region at an estimated cost of Rs 167.75 crore, with commissioning schedule of 30 months from the date of investment approval.

The second investment approval is for sub-station works associated with strengthening of transmission system beyond Vemagiri at an estimated cost of Rs 608.24 crore, with commissioning schedule of 30 months from the date of investment approval matching with the commissioning schedule of the transmission line to be implemented through TBCB route, while the third investment approval is of transmission system for Ultra Mega Solar Park at Tumkur (Pavagada), Karnataka - Phase-II (Part A) at an estimated cost of Rs 408.46 crore, with commissioning schedule of 27 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.


Power Grid Corp Share Price

318.25 -2.10 (-0.66%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 399.15
Tata Power 444.55
Adani Power 222.05
Power Grid Corp 318.25
Torrent Power 1737.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×