Power Grid Corporation of India trades in green on the bourses

04 May 2018 Evaluate

Power Grid Corporation of India is currently trading at Rs. 207.00, up by 0.45 points or 0.22% from its previous closing of Rs. 206.55 on the BSE.

The scrip opened at Rs. 206.50 and has touched a high and low of Rs. 207.55 and Rs. 205.40 respectively. So far 16,000 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. 189.00 on 01-Feb-2018.

Last one week high and low of the scrip stood at Rs. 208.95 and Rs. 202.50 respectively. The current market cap of the company is Rs. 1,08,293.00 crore.

The promoters holding in the company stood at 56.91%, while Institutions and Non-Institutions held 37.08% and 6.01% respectively.

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

295.25 -11.65 (-3.80%)
07-May-2024 16:01 View Price Chart
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