At meeting held on 17 September 2014
Power Grid Corporation of India announced that the Board of Directors in their meeting held on 17 September 2014 have accorded following approvals:1. Investment for 'Procurement of Telecom Equipment (DWDM/PTN/SDH), DCPS and Air-Conditioning System for Augmentation of Telecom Backbone and Access Network' at an estimated cost of Rs. 331.88 crore, with commissioning schedule of 24 months from the date of award.
2. Formation of Joint Venture Company between POWERGRID and Rashtriya Ispat Nigam (RINL) on 50:50 equity participation basis for setting up manufacturing facility for Transmission Line Towers & Tower Parts at Vishakhapatnam.
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