Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
271.05
4.20 (1.57%)
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Power Grid gets nod for Rs 575.29 crore investment

Date: 03-03-2014

Power Grid Corporation of India’s board has approved investment worth Rs 575.29 crore at its meeting held on February 26, 2014. Of total Rs 575.29 crore investments, the company will invest Rs 196.58 crore in Eastern Region Strengthening Scheme-IX (ERSS-IX), with commissioning schedule of 24 months from the date of investment approval, while Rs 378.71 crore will be invest in Transmission System associated with Kakrapar Atomic Power Project - 3 & 4, with commissioning schedule of 32 months progressively from the date of investment approval.

Power Grid is engaged in bulk power transmission and its responsibility include planning, coordination, supervision and control over inter-State transmission system and operation of National and Regional Power Grids.