-1.50 (-0.58%) Power Grid Corporation of India (PGCI) has bagged project management consultancy contract of Rs 21 crore from Power Grid of Bangladesh.
The company has secured Project Management Consultancy Contract for construction of 500 MW high-voltage direct current (HVDC) Back to Back station at Comilla North (Bangladesh) to transfer power through Surjamaninagar (India) - Comilla North (Bangladesh) with an estimated project cost of Rs 1,064 crore and consultancy fee of Rs 21 crore from Power Grid Company of Bangladesh.
PGCI 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.