Power Grid Corporation Of India is currently trading at Rs. 217.50, up by 1.55 points or 0.72% from its previous closing of Rs. 215.95 on the BSE.
The scrip opened at Rs. 220.35 and has touched a high and low of Rs. 220.35 and Rs. 215.30 respectively. So far 10570 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 239.00 on 24-Feb-2021 and a 52 week low of Rs. 129.75 on 18-Mar-2020.
Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 213.35 respectively. The current market cap of the company is Rs. 112976.18 crore.
The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.27% and 6.39% respectively.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has acquired Ramgarh New Transmission (RNTL) on March 9, 2021, the Project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW). The entity was acquired for an aggregate value of about Rs 5.61 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company as on the acquisition Date.
Now, the company owns 100 per cent equity in the RNTL. It shall be engaged in the business of transmission of Power. The transmission system (RNTL) comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
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