Monday 29 October 2012

PGCIL Gains on getting investment proposal

PGCIL is currently trading at Rs. 114.20, up by 0.35 points or 0.31% from its previous closing of Rs. 113.85 on the NSE.

The NSE stock of face value Rs. 10 has touched a 52 week high of Rs. 124.70 on 04-Sep-2012 and a 52 week low of Rs. 94.15 on 24-Nov-2011. The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 21.31% and 9.27% respectively.

Power Grid Corporation of India (PGCIL) has received approval for investment proposal worth Rs 100.55 crore for 'Strengthening Scheme in Northern Region' with commissioning schedule of 24 months progressively from the date of investment approval.

The board at its meeting held on October 14, 2012 has considered and approved the same. PGCIL is India’s principal electric power transmission company.

It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India. [Via]

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