"The Board of Power Grid Corp has approved investment for transmission system for Ultra Mega Solar Park in Anantpur district, Andhra Pradesh- Part A (Phase-1) at an estimated cost of 312.94 crore, with commissioning schedule of 12 months," the company said in a BSE filing.
According to the filing, these investment decisions were taken in a board meeting held on 11.
The has board has also approved an investment of Rs 780.33 crore for creation of 400/220kV substations in Delhi during 12th Plan Period.
Shares of Power Grid closed at Rs 139.50 apiece, down 1.03 per cent on the BSE from its previous close.
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