Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received an approval for formation of a Joint Venture Company (JVC) with Rashtriya Ispat Nigam (RINL) on 50:50 equity participation basis for setting up manufacturing facility for Transmission Line Towers & Tower Parts at Vishakhapatnam. The board of directors at their meeting held on September 17, 2014 has approved for the same.

The board also approved investment for procurement of Telecom Equipment (DWDM/PTN/SDH), DCPS and Air-Conditioning System for Augmentation of Telecom Backbone and Access Network’ at an estimated cost of Rs 331.88 crore, with commissioning schedule of 24 months from the date of award.

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.