Power Grid to invest Rs 2,845 cr in various projects
Press Trust of India / Mumbai Feb 26, 2010, 11:28 IST
Power Grid Corporation of India today said it will invest a sum of Rs 2,845.72 crore in various projects.
The board of directors yesterday decided to invest Rs 232.34 crore for system strengthening in Southern Region, having a commissioning schedule of within 28 months from the date of investment approval, Power Grid said in a filing to the Bombay Stock Exchange.
Further, the company would invest Rs 469.38 crore for Mauda Transmission System having commissioning schedule of within 32 months from the date of investment approval, the filing added.
The board has also approved investment of Rs 2,144 crore for the transmission system associated with Pallatana Gas-Based Power Project and Bongaigaon Thermal Power Station (TPS), having commissioning schedule of within 34 months progressively from the date of investment approval.
Shares of Power Grid Corporation of India were trading at Rs 106.80 on the BSE, up 0.47 per cent from previous close.
Content Guide
