Power Grid Corporation of India is currently trading at Rs. 132.90, up by 1.25 points or 0.95% from its previous closing of Rs. 131.65 on the BSE.
The scrip opened at Rs. 132.50 and has touched a high and low of Rs. 133.60 and Rs. 132.35 respectively. So far 71240 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 140.90 on 10-Jun-2014 and a 52 week low of Rs. 86.70 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 136.35 and Rs. 130.70 respectively. The current market cap of the company is Rs. 68873.88 crore.
The promoters holding in the company stood at 57.90% while Institutions and Non-Institutions held 34.63% and 7.47% respectively.
Power Grid Corporation of India (PGCIL) has received an approval for two investment proposals worth Rs 5551.84 crore. The board of directors at its meeting held on June 21, 2014 has approved for the same. The first investment approval is for transmission system associated with Lara STPS-I (2x800MW) generation project of NTPC at an estimated cost of Rs 400.47 crore, with commissioning schedule of 34 months progressively from the date of investment approval.
The second approval is for transmission system strengthening in WR-NR Transmission corridor for IPPs in Chhattisgarh at an estimated cost of Rs 5,151.37 crore, with commissioning schedule of 45 months progressively from the date of investment approval.
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