Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received an approval for four investment proposals worth Rs 307.18 crore. The board of directors at its meeting held on July 24, 2015 has approved for the same.

The company has been accorded the investment approval for ‘Transmission System associated with RAPP 7 & 8 Part-B’ at an estimated cost of Rs. 307.18 crore, with commissioning schedule of 28 months from the date of investment approval, matching with the Implementation Agreement (IA) signed with the generator.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems.