Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) is currently trading at Rs. 104.00, up by 0.20 points or 0.19% from its previous closing of Rs. 103.80 on the BSE.

The scrip opened at Rs. 103.70 and has touched a high and low of Rs. 104.15 and Rs. 102.05 respectively. So far 1,04,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.25 on 20-Apr-2012 and a 52 week low of Rs. 93.60 on 12-Sep-2011.

Last one week high and low of the scrip stood at Rs. 108.25 and Rs. 102.05 respectively. The current market cap of the company is Rs. 48,149.00 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 20.93% and 9.64% respectively.

Power Grid Corporation of India has received nod for five investment proposals worth Rs 3,487.91 crore. The first investment approval is for common system associated with East Coast Energy and NCC Power Projects LTOA Generation Projects in Srikakulam Area - Part-A at an estimated cost of Rs 1,909.24 crore with a commissioning schedule of 36 months from the date of investment approval. The second approval is for system strengthening - XVIII in Southern Regional Grid at an estimated cost of Rs 1,263.26 crore with a commissioning schedule of 29 months from the date of investment approval.

While, the third approval is for Fibre Optic Communication System for Central Sector Sub-stations & Generating Stations in Southern Region at an estimated cost of Rs 174.16 crore with a commissioning schedule of 30 months from the date of investment approval. The fourth approval is for Line Bays and Reactor at Power Grid sub-station for Raichur - Sholapur Transmission Line for Synchronous interconnection between SR and WR at an estimated cost of Rs 75.74 crore with a commissioning schedule of 21 months from the date of investment approval.

Finally, the fifth approval is for augmentation of Transformer and Bays in Western Region at an estimated cost of Rs 65.51 crore with a commissioning schedule of 24 months from the date of investment approval. The board at its meeting held on May 29, 2012 has considered and approved the same.