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    Power Grid shines on getting investment nod for transmission project of Reliance Industries


    September 28, 2022 - Accord Fintech

     

      India, Sept. 28 -- Power Grid Corporation of India is currently trading at Rs. 207.20, up by 2.30 points or 1.12% from its previous closing of Rs. 204.90 on the BSE.

      The scrip opened at Rs. 204.90 and has touched a high and low of Rs. 208.40 and Rs. 202.65 respectively. So far 498488 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. 176.20 on 28-Sep-2021.

      Last one week high and low of the scrip stood at Rs. 226.35 and Rs. 186.35 respectively. The current market cap of the company is Rs. 144357.00 crore.

      The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 45.42% and 3.24% respectively.

      Power Grid Corporation of India has received investment approval for Transmission Project-Jam Nagar Oil Refinery of Reliance Industries (RIL) to connect with Jam Khambhaliya ISTS PS at an estimated cost of Rs 327.71 crore scheduled to be commissioned by September, 2023. The Board of Directors of the company in their meeting held on September 26, 2022 has approved the same.

      Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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