Power Grid Corporation of India trades in green on the BSE

Power Grid Corporation Of India is currently trading at Rs. 224.70, up by 0.20 points or 0.09% from its previous closing of Rs. 224.50 on the BSE.

Power Ministry with support from Powergrid restores power Supply to Diu
Power Ministry with support from Powergrid restores power Supply to Diu

The scrip opened at Rs. 220.60 and has touched a high and low of Rs. 225.45 and Rs. 220.60 respectively. So far 87749 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 248.25 on 10-May-2022 and a 52 week low of Rs. 167.00 on 29-Jul-2021.

Last one week high and low of the scrip stood at Rs. 227.45 and Rs. 220.60 respectively. The current market cap of the company is Rs. 156354.78 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.37% and 3.29% respectively.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, had acquired Mohanlalganj Transmission (MTL), the Project SPV to establish Intra State Transmission System for ‘Construction of 400/ 220/ 132kV GIS Substation, Mohanlalganj (Lucknow) with associated 400kV lines, and other 765kV & 400kV LILO lines at 765kV GIS Substation Rampur and 400kV LILO (Quad Moose on Monopole) at 400kV GIS Substation Sector 123 Noida’, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator – PFC Consulting.

The transmission system is an Intra State Transmission System Project of Uttar Pradesh and is to be completed progressively in 18 months. The Transmission system comprises establishment of a new 400/220/132kV Substation at Mohanlalganj (Lucknow), four 400kV D/C Transmission lines and two 765kV S/C Transmission lines in the State of Uttar Pradesh.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

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