Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has received an approval to form Joint venture (JV) with Uttar Pradesh Power Transmission Corporation (UPPTCL) on 50:50 equity participation basis for taking up Intra-State Transmission System in Uttar Pradesh. The Board of Directors of the company at their meeting held on November 02, 2017, accorded approval for the same.

The board also accorded investment approval for ‘Eastern Region Strengthening Scheme — XX (ERSS-XX)’ at an estimated cost of Rs 358.83 crore with commissioning schedule of 30 months from the date of investment approval. Furthermore, the board accorded investment approval for ‘Refurbishment of Vindhyachal HVDC System under Additional Capital Expenditure [Part (b) - Converter Transformer]’ at an estimated cost of Rs 22.78 crore with commissioning schedule of 17 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.