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18-Oct2017

Power Grid gains on emerging as successful bidder for transmission project in Bihar

Power Grid Corporation of India is currently trading at Rs. 207.40, up by 2.50 points or 1.22% from its previous closing of Rs. 204.90 on the BSE.

The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 207.75 and Rs. 206.00 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 08-Aug-2017 and a 52 week low of Rs. 167.40 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 208.50 and Rs. 200.50 respectively. The current market cap of the company is Rs. 1,08,503.00 crore.

The promoters holding in the company stood at 57.90%, while Institutions and Non-Institutions held 35.32% and 6.79% respectively.

Power Grid Corporation of India has been declared as the successful bidder under Tariff Based Competitive Bidding (TBCB) to establish 'Eastern Region Strengthening Scheme -XXI (ERSS-XXI)' on Build, Own Operate and Maintain (BOOM) basis.

The Letter of Intent (Lol) has been received on October 17, 2017. The Transmission system traverses in the state of Bihar and includes establishment of three new 400kV Substations and associated 400kV transmission lines.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.



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