Power Grid Corporation of India rose 1.02% to Rs 208.65 after the company approved investment for transmission system worth Rs 2578.47 crore.
Meanwhile, the S&P BSE Sensex was down 2.73 points or 0.01% to 37,638.54.
On the BSE, 1.38 lakh shares were traded in the counter so far compared with average daily volumes of 3.04 lakh shares in the past two weeks. The stock hit a high of Rs 211.20 and a low of Rs 207.05 so far during the day.
Power Grid Corporation of India's board of directors has accorded investment approval for Transmission System for Solar Energy Zones in Rajasthan at an estimated cost of Rs 2578.47 crore with commissioning schedule as December, 2020. The announcement was made after market hours yesterday, 27 August 2019.
In a separate announcement, the company said that its board has accorded approval for appointment K. S. R. Murty as chief financial officer (CFO) of the company with respect to 27 August 2019.
Power Grid Corporation of India, a 'Navratna' company operating under Ministry of Power, is engaged in power transmission business.
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