 "Power Grid to invest Rs 328 crore in two transmission projects")
These investment proposals were approved by the company's board of directors at a meeting on January 27, Power Grid said in a regulatory filing.
Investment approval for Western Region System Strengthening Scheme-XIV in Southern Region at an estimated cost of Rs 120.67 crore with a commissioning schedule of 30 months from the date of investment approval has been accorded by the board, the company said in a statement.
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It added that the board has also approved an investment for 400-Kv bays extension at 400-Kv Vemagiri sub-station at an estimated cost of Rs 207.9 crore, with a commissioning schedule of 30 months progressively from the date of investment approval.
The stock of Power Grid was trading at Rs 142.95, up 3.29 per cent, on BSE.