Friday , December 3 2021

Power Grid surges on emerging as lower bidder for Intra-State Transmission Work

Power Grid Corporation of India is currently trading at Rs. 200.00, up by 3.15 points or 1.60% from its previous closing of Rs. 196.85 on the BSE.

The scrip opened at Rs. 198.85 and has touched a high and low of Rs. 203.20 and Rs. 198.15 respectively. So far 44932 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 216.20 on 01-Aug-2019 and a 52 week low of Rs. 173.05 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 207.00 and Rs. 194.10 respectively. The current market cap of the company is Rs. 102983.84 crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 40.15% and 4.48% respectively.

Power Grid Corporation of India has been declared as the successful bidder under Tariff Based Competitive Bidding to establish transmission system for Intra-State Transmission Work associated with construction of 400 kV Substation near Guna in the state of Madhya Pradesh & Intra-State Transmission Work associated with construction of 220 kV Substation near Bhind, Madhya Pradesh on build, own operate and maintain (BOOM) basis.

The Transmission system also comprises associated 400kV, 220kV and 132kV Transmission lines in the State of Madhya Pradesh.

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.

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