Power Grid Corporation Of India Ltd.

Power Grid Corporation of India is currently trading at Rs. 95.90, up by 1.75 points or 1.86% from its previous closing of Rs. 94.15 on the BSE.

The scrip opened at Rs. 95.80 and has touched a high and low of Rs. 97.00 and Rs. 94.50 respectively. So far 54794 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.45 on 05-Sep-2012 and a 52 week low of Rs. 86.70 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 103.15 and Rs. 92.25 respectively. The current market cap of the company is Rs. 44561.11 crore.

The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 22.26% and 8.32% respectively.

Power Grid Corporation of India (PGCIL) has received an approval for two investment proposal worth Rs 209.13 crore. The board of director at its meeting held on August 27, 2013 has approved for the same. The first investment approval is for installation of transformer and procurement of Spare Converter Transformer at Bhadrawati HVDC Back to Back Station at an estimated cost of Rs 135.65 crore, with commissioning schedule of 24 months from the date of investment approval.

The second investment approval is for Eastern Region Strengthening Scheme-VIII (ERSS-VIII) at an estimated cost of Rs 73.48 crore with commissioning schedule of 20 months from the date of investment approval.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.