The promoters holding in the company stood at 69.42% while Institutions and Non-Institutions held 23.69% and 6.88% respectively. Power Grid Corporation of India (PGCIL) has received an approval for four investment proposals worth Rs 2,820.04 crore. The board of directors at its meeting held on October 30, 2013 has approved for the same. The first investment approval is for transmission system for Solapur STPP (2X660 MW) at an estimated cost of Rs 63.32 crore with a commissioning schedule of 24 months from the date of investment approval.
The second approval is for procurement of Telecom equipment, Operation Support System (OSS), Auxiliary Systems (including Repeater Shelters & ACs, DG sets & DC Power Supply (DCPS) Systems including Battery) due to augmentation of Telecom network for National Transmission Asset Management Centre (NTAMC) project and other Telecom network requirements at an estimated cost of Rs 76.30 crore with a commissioning schedule of 12 months from the date of award.
Besides, the third investment approval is for Eastern Region Strengthening Scheme-V at an estimated cost of Rs 1,364.52 crore with a commissioning schedule of 30 months from the date of investment approval, and the fourth approval is for inter-regional system strengthening scheme in WR and NR (Part-A) at an estimated cost of Rs 1,315.90 crore with a commissioning schedule of 36 months from the date of investment approval.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.
The second approval is for procurement of Telecom equipment, Operation Support System (OSS), Auxiliary Systems (including Repeater Shelters & ACs, DG sets & DC Power Supply (DCPS) Systems including Battery) due to augmentation of Telecom network for National Transmission Asset Management Centre (NTAMC) project and other Telecom network requirements at an estimated cost of Rs 76.30 crore with a commissioning schedule of 12 months from the date of award.
Besides, the third investment approval is for Eastern Region Strengthening Scheme-V at an estimated cost of Rs 1,364.52 crore with a commissioning schedule of 30 months from the date of investment approval, and the fourth approval is for inter-regional system strengthening scheme in WR and NR (Part-A) at an estimated cost of Rs 1,315.90 crore with a commissioning schedule of 36 months from the date of investment approval.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.
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