Power Grid Corporation is currently trading at Rs. 98.65, up by 0.50 points or 0.51% from its previous closing of Rs. 98.15 on the BSE.
The scrip opened at Rs. 98.50 and has touched a high and low of Rs. 98.80 and Rs. 98.30 respectively. So far 4,924 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.20 on 16-Jun-2010 and a 52 week low of Rs. 91.80 on 30-Nov-2010.
Last one week high and low of the scrip stood at Rs. 99.25 and Rs. 97.10 respectively. The current market cap of the company is Rs. 45440.75 crore.
The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 19.24% and 11.33% respectively.
Power Grid Corporation of India’s board of directors granted their nod for three investment approvals. Out of which first is for 'Transmission System for Phase-I Generation Projects in Orissa-Part-C' at an estimated cost of Rs 2569.25 crore, with commissioning schedule of 36 months from the date of investment approval.
While, the second is for ‘Transmission System for transfer of power from Generation Projects in Sikkim to NR/WR - Part-B’ at an estimated cost of Rs 1585.12 crore, with commissioning schedule of 32 months from the date of investment approval. Finally the third approval is for 'Establishment of National Transmission Asset Management Centre (NTAMC)' at an estimated cost of Rs 195.39 crore, with commissioning schedule of 36 months from the date of investment approval.
Recently, the company’s board gave its nod for the investing in 'Fibre OPTIC Communication System in lieu of existing Unified Load Despatch and Communication (ULDC) Microwave links at north eastern, eastern and southern region at an estimated cost of Rs 34.13 crore and Rs 57.43 crore and Rs 45.09 crore respectively, with commissioning schedule of 30 months from the date of investment approval.
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