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Board of Power Grid Corporation of India approves investment approvals

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Capital Market
Last Updated : May 14 2014 | 11:51 PM IST

At meeting held on 13 May 2014

Power Grid Corporation of India announced that the Board of Directors of the Company at its meeting held on 13 May 2014, have approved the following investment approvals for:

'Eastern Region Strengthening Scheme-XII (ERSS-XII)' at an estimated cost of Rs 522.29 crore, with commissioning schedule of 30 months from the date of investment approval;

'Eastern Region Strengthening Scheme-Xlll (ERSS-Xlll)' at an estimated cost of Rs 121.38 crore, with commissioning schedule of 30 months from the date of investment approval;

'Static VAR Compensators (SVCs) in Northern Region' at an estimated cost of Rs 829.98 crore, with commissioning schedule of 27 months from the date of investment approval; and

'Installation of Bus Reactor and ICT in Western Region' at an estimated cost of Rs 303.07 crore, with commissioning schedule of 26 months progressively from the date of investment approval.

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First Published: May 14 2014 | 9:40 AM IST

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