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Power Grid Corporation of India Limited ( (IN:POWERGRID) ) has issued an announcement.
Power Grid Corporation of India Limited has successfully acquired Vindhyachal Varanasi Transmission Limited (VVTL) under the Tariff Based Competitive Bidding (TBCB) route. This acquisition, valued at approximately Rs. 19.84 crore, includes the establishment of a new 765 kV sub-station in Prayagraj and transmission lines in Uttar Pradesh and Madhya Pradesh. The acquisition is expected to enhance Power Grid’s operational capacity and strengthen the inter-regional transmission system, which is crucial for relieving the load on existing lines and ensuring reliable power distribution.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited operates in the power transmission industry, focusing on the establishment and operation of high voltage transmission systems across India. The company is a key player in the sector, providing essential infrastructure for electricity distribution and ensuring efficient power transmission across regions.
Average Trading Volume: 480,061
Technical Sentiment Signal: Buy
Current Market Cap: 2710.7B INR
For detailed information about POWERGRID stock, go to TipRanks’ Stock Analysis page.