Shares of Power Grid Dip Following Successful Project Commissioning in Northeast

17 Aug 2023 , 02:25 PM

Shares of Power Grid Corporation of India Limited (Power Grid) experience a decline on August 17 after a successful project commissioning in the Northeast region. The state-owned electric services company achieves the commissioning of assets as part of the North-Eastern Region Strengthening Scheme-VI.

An official exchange filing confirms that the company received notification for the commencement of commercial operation on August 16. At the time of writing, the stock is trading at Rs 242.90, indicating a 2.04% decrease from the previous day’s closing price.

Despite the recent decline, Power Grid stock has exhibited a 14.31% gain over the past six months. In comparison, the Nifty 50 index experienced an 8.5% rise during the same six-month period.

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