Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
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PGCIL’s arm declares commercial operation of Nagapattinam Pooling Station

Date: 25-10-2016

Power Grid Corporation of India’s (PGCIL) wholly owned subsidiary - POWERGRID NM Transmission, has successfully completed and declared commercial operation of the element Nagapattinam Pooling Station - Salem 765kV D/C Line on October 23, 2016. POWERGRID NM Transmission has secured it through Tariff Based Competitive Bidding (TBCB).

Recently, the company has received its board's approval for investment proposals worth Rs 1,184.45 crore for power transmission related projects. The board of directors at its meeting held on October 22, 2016 approved for the same.

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.