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The state-owned Power Grid Corporation of India today said it would invest about Rs 328 crore in ramping up two transmission projects.
These investment proposals were approved by the company’s board of directors at a meeting on January 27, Power Grid said in a regulatory filing.
Investment approval for Western Region System Strengthening Scheme-XIV in Southern Region at an estimated cost of Rs 120.67 crore with a commissioning schedule of 30 months from the date of investment approval has been accorded by the board, the company said in a statement.
It added that the board has also approved an investment for 400-kv bays extension at 400-kv Vemagiri sub-station at an estimated cost of Rs 207.9 crore, with a commissioning schedule of 30 months progressively from the date of investment approval.
The stock of PowerGrid was trading at Rs 142.95, up 3.29 per cent, on the BSE.
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