Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 145.20, up by 0.15 points or 0.10% from its previous closing of Rs. 145.05 on the BSE.

The scrip opened at Rs. 147.20 and has touched a high and low of Rs. 147.20 and Rs. 143.45 respectively. So far 14825 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. 102.00 on 07-May-2014.

Last one week high and low of the scrip stood at Rs. 151.70 and Rs. 144.40 respectively. The current market cap of the company is Rs. 75884.21 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 2066.45 crore. The board of directors at its meeting held on March 24, 2015 has approved for the same.

The first investment approval is for creation of 400/220kV Substations in NCT of Delhi during 12th Plan Period (Part-A) at an estimated cost of Rs 1,394.52 crore, with commissioning schedule of 26 months from the date of investment approval. The second approval is Sub-Station extension works associated with Eastern Region Strengthening Scheme - VII (ERSS-VII) at an estimated cost of Rs 71.35 crore, with commissioning schedule of 24 months progressively from the date of investment approval with best efforts matching with the completion of associated transmission lines being implemented under Tariff Based Competitive Bidding.

The third investment approval is for Substation Works associated with Hyderabad (Maheshwaram) Pooling Station at an estimated cost of Rs 550.06 crore, with commissioning schedule of 36 months progressively from the date of investment approval while the fourth investment approval is for Transmission System associated with Solapur STPP (2x660MW) Part-A project of NTPC (Part-A) at an estimated cost of Rs 50.52 crore, with commissioning schedule of 24 months from the date of investment approval.