Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 140.45, up by 0.95 points or 0.68% from its previous closing of Rs. 139.50 on the BSE.

The scrip opened at Rs. 139.60 and has touched a high and low of Rs. 141.00 and Rs. 139.60 respectively. So far 7,566 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. 108.20 on 15-May-2014.

Last one week high and low of the scrip stood at Rs. 143.25 and Rs. 138.40 respectively. The current market cap of the company is Rs. 73,346.00 crore.

The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 35.49% and 6.61% respectively.

Power Grid Corporation of India (PGCIL) has received an approval for two investment proposals worth Rs 1093.27 crore. The board of directors at its meeting held on May 11, 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-B1) at an estimated cost of Rs 780.33 crore, with commissioning schedule of 26 months to be reckoned from the date of receipt of confirmation from the Government, of NCT of Delhi regarding allotment of land for Tughlakabad sub-station.

The second investment approval is for Transmission System for Ultra Mega Solar Park in Anantpur District, Andhra Pradesh - Part A (Phase-I) at an estimated cost of Rs 312.94 crore, with commissioning schedule of 12 months from the date of investment approval with best efforts matching with the commissioning of associated solar power plant; except that +/-100 MVAR STATCOM at NP Kunta Pooling Station will be delivered along with Phase - II of the project.