Power Grid Corporation of India rose 1.02% to Rs 208.65 after the company approved investment for transmission system worth Rs 2578.47 crore.
Meanwhile, the S&P BSE Sensex was down 2.73 points or 0.01% to 37,638.54.
On the BSE, 1.38 lakh shares were traded in the counter so far compared with average daily volumes of 3.04 lakh shares in the past two weeks. The stock hit a high of Rs 211.20 and a low of Rs 207.05 so far during the day.
Power Grid Corporation of India's board of directors has accorded investment approval for Transmission System for Solar Energy Zones in Rajasthan at an estimated cost of Rs 2578.47 crore with commissioning schedule as December, 2020. The announcement was made after market hours yesterday, 27 August 2019.
In a separate announcement, the company said that its board has accorded approval for appointment K. S. R. Murty as chief financial officer (CFO) of the company with respect to 27 August 2019.
Power Grid Corporation of India, a 'Navratna' company operating under Ministry of Power, is engaged in power transmission business.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app