The board of the state-owned Power Grid Corporation approved a proposal to invest Rs 367 crore in power transmission projects on Wednesday. The Power Grid’s Committee of Directors on Investment on Projects’ meeting on November 22, 2023, granted investment permission for two projects, according to a BSE filing.
According to the filing, the first project approved is an increase in transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at the Maheshwaram (PG) substation in Telangana at a cost of Rs 142.69 crore.
It is expected to be operational within 21 months upon receiving notification from CTUIL (Central Transmission Utility) on July 10, 2023 – by April 9, 2025.
The board also approved the Transmission System for Evacuation of Power from the Potential RE Zone in the Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of Rs 224.41 crore, with a completion date of July 9, 2025, 24 months from the date of intimation by CTUIL letter on July 10, 2023.
At around 9.23 AM, Power Grid Corporation was trading 0.47% higher at Rs 212.60, against the previous close of Rs 211.60 on NSE. The counter rose to an intraday high of Rs 213.10.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
Invest wise with Expert advice