Power Grid advances on receiving nod to invest for power transmission related project

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

18 Aug 2017 Evaluate

Power Grid Corporation of India is currently trading at Rs. 222.60, up by 3.15 points or 1.44% from its previous closing of Rs. 219.45 on the BSE.

The scrip opened at Rs. 219.90 and has touched a high and low of Rs. 223.70 and Rs. 219.45 respectively. So far 52,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 08-Aug-2017 and a 52 week low of Rs. 167.40 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 224.80 and Rs. 218.75 respectively. The current market cap of the company is Rs. 1,16,455.00 crore.

The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 35.32% and 6.79% respectively.

Power Grid Corporation of India has received an investment approval for ‘HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala) – Scheme 2: AC System Strengthening at Pugalur end’ at an estimated cost of Rs 1931.39 crore with commissioning schedule of 30 months from the date of investment approval.

Further, the company has also received an approval for raising Rupee Term Loan (Facility) of up to Rs 3270 crore from ICICI Bank at 3 Month MCLR of Bank (Presently 7.90% p.a.) with reset every 3 months from the date of first disbursement. Loan shall be drawn as per requirement of Power Grid within 5 years from the date of first disbursement.

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

313.90 0.00 (0.00%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
NTPC	402.20
Tata Power	436.00
Adani Power	225.15
Power Grid Corp	313.90
Torrent Power	1724.80
View more..

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