Power Grid Corporation of India Ltd News Today

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The project scope involves the development of a 400 kV double circuit transmission line, along with associated bays at PowerGrid’s Rewa substation in Madhya Pradesh.

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The bonds have a 10-year tenure and will be redeemed at par upon maturity. Investors will receive annual interest payments during the bond’s lifespan.

Power Grid Corporation of India Ltd reported a 4.1% decline in net profit on a year-on-year (YoY) basis for the third quarter ending December 31, 2024.

Additionally, extension works will be carried out at the existing C’peta substation to enhance connectivity and power flow management.

These are bulk procurement contracts for the supply and installation of 765kV class transformers and reactors worth about ₹500 crore.

In the previous corresponding quarter, the company posted a net profit of ₹4,028.30 Crore, said the company in its filing with the bourses.

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It operates the Indian portion of the Muzaffarpur-Dhalkebar 400 kV double circuit cross-border transmission line that connects India and Nepal.