Power Grid Corporation of India is currently trading at Rs. 196.95, up by 1.30 points or 0.66% from its previous closing of Rs. 195.65 on the BSE.
The scrip opened at Rs. 195.60 and has touched a high and low of Rs. 197.45 and Rs. 195.60 respectively. So far 19451 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 209.00 on 22-Feb-2017 and a 52 week low of Rs. 137.50 on 04-Apr-2016.
Last one week high and low of the scrip stood at Rs. 198.00 and Rs. 194.00 respectively. The current market cap of the company is Rs. 102983.84 crore.
The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 35.03% and 7.08% respectively.
Power Grid Corporation of India (Power Grid) has received an approval for investment proposals worth Rs 429.21 crore for power transmission related projects. The board of directors at its meeting held on March 29, 2017 approved for the same. The first investment approval is for line bays associated with various regional strengthening schemes in NR at an estimated cost of Rs 55.88 crore with commissioning schedule of 21 months from the date of investment approval for provision of 220kV Line bays at Fatehpur substation and 24 months from the date of investment approval for provision of 400kV line bays at Sikar and Bhinmal substation.
The second investment approval is for line bays associated with Northern Region System Strengthening Scheme-XXXVI at an estimated cost of Rs 35.58 crore with commissioning schedule of 18 to 30 months progressively from the date of investment approval matching with the completion schedule of associated TBCB line, while the third investment approval is for ICTs & Bays associated with Northern Region System Strengthening Scheme (NRSS - XXXVIII) at an estimated cost of Rs 337.75 crore with commissioning schedule of 27 months from the date of investment approval.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.