The company has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part D ? Phase I on build, own operate and transfer (BOOT) basis. The scope of the project comprises establishment of 765kV D/C transmission lines traversing in Rajasthan and Delhi alongwith associated bays extension works at existing substations located in Rajasthan and Delhi
Meanwhile, the company?s chairman & managing director (CMD), Sreekant Kandikuppa has ceased to be the CMD of company with effect from 31 December 2023 and Ravindra Kumar Tyagi, director (Operations) has assumed the charge of the post of CMD with effect from 01 January 2024.
Power Grid Corporation of India is notified as the deemed transmission licensee under The Electricity Act, 2003. It is principally engaged in implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy service.
Power Grid Corporation of India net profit increased 3.59% to Rs 3,781.42 crore in Q2 FY24 as compared with Rs 3,650.29 crore posted in corresponding quarter last year. Revenue from operations rose 1.04% YoY to Rs 1,1267.07 crore in Q2 FY24.
The scrip shed 0.25% to 237.15 on the BSE. It also hit an all-time high of Rs 240.35 in intraday today.
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