PGCIL inches up as board approves investment proposals

Power Grid Corporation of India was up 0.66% to Rs 196.95 at 10:05 IST on BSE after the company's board approved three investment proposals aggregating to Rs 429.21 crore.

The announcement was made after market hours yesterday, 30 March 2017.

Meanwhile, the S&P BSE Sensex was down 36.94 points or 0.12% at 29,610.48.

On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 5.20 lakh shares in the past one quarter. The stock had hit a high of Rs 197.45 and a low of Rs 195.60 so far during the day. It had hit a record high of Rs 209 on 22 February 2017 and a 52-week low of Rs 137.50 on 4 April 2016.

 

The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

Power Grid Corporation of India's net profit rose 20.2% to Rs 1930.02 crore on 22.1% growth in net sales to Rs 6500.95 crore in Q3 December 2016 over Q3 December 2015.

Power Grid Corporation of India is a state run electric power transmission utility company. The Government of India holds 57.9% stake in the firm as at 31 December 2016.

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