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Power Grid gets nod for Rs 367 crore investment in transmission projects

23 Nov 2023 Evaluate

Power Grid Corporation of India has received an approval for augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) Substation in Telangana at an estimated cost of Rs 142.69 crore scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter dated July 10, 2023, i.e., by April 9, 2025.

The company has also received an approval for transmission System for Evacuation of Power from Potential RE Zone in Khavda Area of Gujarat under phase IV (7GW) - Part E4 at an estimated cost of Rs 224.41 crore scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter dated July 10, 2023 i.e. by July 9, 2025.

The 'Committee of Directors on Investment on Projects' of Power Grid in its meeting held on November 22, 2023 has accorded investment approval for the above projects.

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


Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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