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Power Grid’s board approves investment of Rs 14.23 crore for EV charging station in Navi Mumbai

13 Oct 2021 Evaluate

Power Grid Corporation of India’s (PGCIL) board has approved an investment of Rs 14.23 crore for setting up of electric vehicle (EV) charging station in Navi Mumbai under the FAME India Scheme Phase-II. The commissioning schedule is 12 months for the charging station and 24 months for other infrastructures such as kiosks and toilets from the date of agreement to be signed between Power Grid and Navi Mumbai Municipal Transport (NMMT). The board also approved the incorporation of a wholly-owned subsidiary of the company to undertake its telecommunications and digital technology business.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.


Peers
Company Name CMP
NTPC 309.30
Tata Power 335.50
Adani Power 188.00
Power Grid Corpn. 245.40
Adani Energy Solut. 1252.95
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