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Power Grid gains on getting nod to invest in transmission system for solar energy zones in Rajasthan

28 Aug 2019

Power Grid Corporation of India is currently trading at Rs. 208.20, up by 1.45 points or 0.70% from its previous closing of Rs. 206.55 on the BSE.

The scrip opened at Rs. 207.05 and has touched a high and low of Rs. 211.20 and Rs. 207.05 respectively. So far 171193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 216.20 on 01-Aug-2019 and a 52 week low of Rs. 173.05 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 211.20 and Rs. 199.15 respectively. The current market cap of the company is Rs. 109418.70 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 40.15% and 4.48% respectively.

Power Grid Corporation of India has received approval for investment in ‘Transmission System for Solar Energy Zones in Rajasthan’, at an estimated cost of Rs 2,578.47 crore with commissioning schedule as December, 2020. The Board of Directors of the Company at its meeting held on August 27, 2019 has approved the same.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323