Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 150.85, up by 3.95 points or 2.69% from its previous closing of Rs. 146.90 on the BSE.

The scrip opened at Rs. 148.50 and has touched a high and low of Rs. 151.10 and Rs. 148.50 respectively. So far 60422 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 28-Feb-2015 and a 52 week low of Rs. 99.00 on 20-Mar-2014.

Last one week high and low of the scrip stood at Rs. 149.60 and Rs. 144.60 respectively. The current market cap of the company is Rs. 78761.58 crore.

The promoters holding in the company stood at 57.90 % while Institutions and Non-Institutions held 35.32 % and 6.79 % respectively.

Power Grid Corporation of India (PGCIL) has received an approval for four investment proposals worth Rs 1480.96 crore. The board of directors at its meeting held on March 04, 2015 has approved for the same.

The first investment approval is for installation of STATCOM in Western Region at an estimated cost of Rs 1,071.24 crore, with commissioning schedule of 30 months progressively from the date of investment approval. The second approval is for Spare 765/400KV transformers for Northern Region at an estimated cost of Rs 63.56 crore, with commissioning schedule of 24 months from the date of investment approval.

The third investment approval is for establishment of Fiber Optic Communication System in Northern Region under Fiber Optic Expansion Project (Additional Requirement) at an estimated cost of Rs 197.40 crore, with commissioning schedule of 36 months from the date of investment approval while the fourth investment approval is for Northern Region System Strengthening Scheme-XXXIV (NRSS-XXXIV) at an estimated cost of Rs 148.76 crore, with commissioning schedule of 28 months from the date of investment approval.

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.