Power Grid Corporation of India announced that its board of directors has accorded two investment approvals for the projects worth Rs 655.75 crore.
The companys board of directors has approved a project which includes implementation of unified load dispatch and communication(ULDC) phase III (SCADA/EMS upgradation project northern region SLDCs) at an estimated cost of Rs 514.66 crore.The committee of directors investment on projects has approved for augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani S/s (delinked from transmission system for evacuation of power from RE parks in Leh (5 GW Leh-Kaithal transmission corridor), at an estimated cost of Rs 141.09 crore, scheduled to be commissioned in a timeframe of 18 months from the date of issue of (Ministry of Power) MoP.
Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services.
The companys consolidated net profit jumped 2.6% to Rs 4,028.25 crore on 2.6% increased in net sales to Rs 11,549.79 crore in Q3 FY24 over Q3 FY23.
The scrip rose 0.55% to Rs 276.35 on the BSE.
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