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Power Grid board approves Rs 55.52 bn investment
Source: IRIS | 23 Jun, 2014, 06.35PM
Rating: NAN / 5 stars.
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Power Grid Corporation of India announced that its board of directors has approved the investment approvals for transmission system associated with Lara STPS-I (2x800MW) generation project of NTPC' at an estimated cost of Rs 4 billion, with commissioning schedule of 34 months progressively from the date of investment approval.

The board also approved transmission system strengthening in WR-NR transmission corridor for IPPs in Chhattisgarh' at an estimated cost of Rs 51.51 billion, with commissioning schedule of 45 months progressively from the date of investment approval.

Shares of the company declined Rs 0.40, or 0.30%, to settle at Rs 131.65. The total volume of shares traded was 272,484 at the BSE (Monday).

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