Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (Power Grid) is currently trading at Rs. 175.95, up by 0.40 points or 0.23% from its previous closing of Rs. 175.55 on the BSE.

The scrip opened at Rs. 175.50 and has touched a high and low of Rs. 175.95 and Rs. 174.25 respectively. So far 30,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.70 on 06-Sep-2016 and a 52 week low of Rs. 124.80 on 28-Sep-2015.

Last one week high and low of the scrip stood at Rs. 184.00 and Rs. 173.55 respectively. The current market cap of the company is Rs. 92,049.00 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 has received its board approval for investment proposals worth Rs 562.25 crore for power transmission related projects. The board of directors at its meeting held on September 16, 2016 approved for the same.

The approval is for system strengthening in Southern Region - XXI, with commissioning schedule of 30 months progressively 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.