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Power Grid to invest Rs 461.63 crore for power transmission related project

03 May 2018 Evaluate

Power Grid Corporation of India has received investment approvals worth Rs 461.63 crore. The board of directors at its meeting held on May 1, 2018 approved for the same. The company has received investment approval for works associated with North Eastern Region Strengthening Scheme-II, Part-B (NERSS-II-B) at an estimated cost of Rs 120.32 crore with commissioning schedule within 20 months and 28 months from the date of investment approval for extension works at Biswanath Chariali and that at Silchar GIS & Misa GIS, respectively, matching with schedule of respective TBCB lines (i.e. Mar’20 and Nov’20, respectively).

The company has also received investment approval for works associated with North Eastern Region Strengthening Scheme-VI at an estimated cost of Rs 215.95 crore with commissioning schedule within 24 months progressively from the date of investment approval, matching with TBCB schedule. The third investment approval is for works associated with Eastern Region Strengthening Scheme-XVIII (ERSS-XVIII) at an estimated cost of Rs 125.36 crore with commissioning schedule within 27 months from the date of investment approval, matching with the completion of associated transmission line i.e. July, 2020.

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

315.75 -3.55 (-1.11%)
06-May-2026 16:59 View Price Chart
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