Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has informed that the Board of Directors of the Company at its meeting held on March 09, 2016 has accorded investment approval for Transmission System Strengthening in Indian System for Transfer of power from Mangdechhu hydroelectric Project in Bhutan at an estimated cost of Rs 808.63 Crore, with commissioning schedule of 22 months progressively from the date of investment approval with best efforts to match with the completion of the transmission line with the commissioning of 1st unit of Mangdechhu HEP as per Implementation Agreement; Investment approval for Augmentation of Transformation Capacity at Mainpuri & Sikar at an estimated cost of Rs 76.48 Crore, with commissioning schedule of 24 months from the date of investment approval; and transfer of entire equity held by Power Grid Corporation of India (POWERGRID) in Power System Operation Corporation Limited (POSOCO) to the Government of India at the agreed purchase consideration.

The above information is a part of company’s filings submitted to BSE.