Power Grid board approves investment of Rs677.59cr on two projects

4 Feb 2022 , 01:44 PM

Power Grid stock was in focus on Friday after the ‘Committee of Directors on Investment on Projects’ of the company approved funding of Rs677.59cr on two projects.

These projects are:

1. “Transmission system for evacuation of Power from Pakaldul HEP in Chenab Valley HEPs-LTA System” at an estimated cost of Rs318.12cr scheduled to be commissioned by April 2025 (matching with Pakaldul HEP Generation).

2. Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part G1” at an estimated cost of Rs359.47cr scheduled to be commissioned by September 2023.

At around 1.42 pm, Power Grid was trading at Rs209.80 per piece down by 0.73% on BSE.

The stock has touched an intraday high and low of Rs213.40 per piece and Rs209.70 per piece respectively.