Comments
Power Grid Corporation of India will invest more than Rs 472 crore in two projects.
The investment plans were approved by the transmission utility’s board of directors at its meeting held on January 13, the company said in a regulatory filing today.
The two projects are estimated to cost Rs 472.58 crore.
An investment of Rs 374.63 crore will be made in Phase-I of Unified Real Time Dynamic State Measurement (URTDSM) project, which is expected to be completed in 27 months.
Besides, the state-owned company will invest Rs 97.95 crore in transmission system associated with contingency plan for evacuation of power from IL&FS (2x800 MW). This project is expected to be commissioned within 18 months from the date of investment approval.
Shares of the company rose nearly 1 per cent to Rs 98.30 in the afternoon trade on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.