POWERGRID declared as successful bidder under TBCB for two projects

Power Grid Corporation of India Limited (POWERGRID) has been declared as the successful bidder under Tariff based competitive bidding to establish following transmission systems for:

- "Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A" on build, own operate and maintain (BOOM) basis. The Letter of Intent (LoI) dated 29th January, 2021 has been issued to Power Grid Corporation of India Limited. The Transmission system comprises establishment of a new 400/220kV Substation, 400kV D/C Transmission lines and associated Substation extension works in the State of Rajasthan.

- "Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part B" on build, own operate and maintain (BOOM) basis. The Letter of Intent (LoI) dated 29th January, 2021 has been issued to Power Grid Corporation of India Limited. The Transmission system comprises establishment of 765kV D/C Transmission line and associated substation extension works in the State of Rajasthan.

Shares of POWER GRID CORPORATION OF INDIA LTD. was last trading in BSE at Rs.184.2 as compared to the previous close of Rs. 187.2. The total number of shares traded during the day was 92675 in over 1279 trades.

The stock hit an intraday high of Rs. 189.85 and intraday low of 183.3. The net turnover during the day was Rs. 17219174.

Source : Equity Bulls

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