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PCGIL gains on receiving nod for two investment proposal

28 Oct 2011 Evaluate

Power Grid Corporation of India (PCGIL) is currently trading at Rs. 104.95, up by 1.05 points or 1.01% from its previous closing of Rs. 103.90 on the BSE.

The scrip opened at Rs. 104.50 and has touched a high and low of Rs. 106.25 and Rs. 104.50 respectively. So far 20,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.35 on 15-Jul-2011 and a 52 week low of Rs. 91.80 on 30-Nov-2010.

Last one week high and low of the scrip stood at Rs. 106.25 and Rs. 98.35 respectively. The current market cap of the company is Rs. 48,588.00 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.42% and 9.16% respectively.

PCGIL has received nod for two investment proposal. The first investment approval is for system strengthening - XIII in southern regional grid at an estimated cost of Rs 487.49 crore, with commissioning schedule of 32 months from the date of investment approval.

While, the second investment approval is for transmission system for phase-I generation projects in Jharkhand and West Bengal - Part-A1 at an estimated cost of Rs 558.26 crore, with commissioning schedule of 25 months from the date of investment approval. The board at its meeting held on October 22, 2011 has considered and approved the same.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.

Power Grid Corp Share Price

318.05 5.80 (1.86%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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