Power Grid gains after its Board approves investment worth Rs 514.66 crore

Power Grid Corporation Of India Ltd. | Power Generation/Distribution | Power | BSE: 532898 | NSE: POWERGRID

19 Feb 2024 Evaluate

Power Grid Corporation Of India is currently trading at Rs. 277.60, up by 2.75 points or 1.00% from its previous closing of Rs. 274.85 on the BSE.

The scrip opened at Rs. 275.35 and has touched a high and low of Rs. 278.30 and Rs. 273.50 respectively. So far 375899 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.45 on 05-Feb-2024 and a 52 week low of Rs. 159.45 on 24-Feb-2023.

Last one week high and low of the scrip stood at Rs. 283.25 and Rs. 264.25 respectively. The current market cap of the company is Rs. 257301.20 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.28% and 3.37% respectively.

Power Grid Corporation of India has received an approval from Board of Directors for ‘Implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project -Northern Region SLDCs)’ at an estimated cost of Rs 514.66 crore with commissioning schedule of November 15, 2025.

The company has also received an approval from ‘Committee of Directors on Investment on Projects’ for ‘Augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani S/s (De-linked from Transmission System for evacuation of power from RE parks in Leh (5 GW Leh-Kaithal Transmission corridor))’, at an estimated cost of Rs 141.09 crore, scheduled to be commissioned in a timeframe of 18 months from the date of issue of MoP OM i.e. by May 05, 2025.’

The Board of Directors and 'Committee of Directors on Investment on Projects' in their respective meetings held on February 18, 2024, have accorded Investment approvals for the above projects.

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

Power Grid Corp Share Price

318.25 -2.10 (-0.66%)

30-Apr-2026 16:59 View Price Chart

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