Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs 181.90, up by 0.60 points or 0.33% from its previous closing of Rs. 181.30 on the BSE.

The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 182.50 and Rs. 180.65 respectively. So far 14722 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.50 on 18-Aug-2016 and a 52 week low of Rs. 120.75 on 10-Sep-2015.

Last one week high and low of the scrip stood at Rs. 183.50 and Rs. 174.20 respectively. The current market cap of the company is Rs. 95005.67 crore.

The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 34.93% and 7.18% respectively.

Power Grid Corporation of India (Power Grid) has received its board approval for three investment proposals worth Rs 733.32 crore for power transmission related projects.  The board approved provision of STATCOM at Nalagarh and Lucknow in Northern region at an estimated cost of Rs 431.89 crore. The second approval is to provide Series Reactors in the northern region at an estimated cost of Rs 177.52 crore. 

Meanwhile, the other approval is for Northern Region System Strengthening Scheme (NRSSS) XXXV at an estimated cost of Rs 123.91 crore with commissioning schedule 24 months from the date of investment approval.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.