NTPC has signed a Joint Venture Agreement with Power Grid Corporation of India to incorporate a Joint Venture Company (JVC) between NTPC and POWERGRID with equity participation of 50:50 respectively
State-owned power transmission giant Power Grid Corporation of India (PGCIL) today reported a 16 per cent jump in net profit for the quarter ended December 2018 at Rs 2367.77. The company had posted a profit of Rs 2,035.95 crore in the corresponding quarter last financial year.
State-run Power Grid Corp (PowerGrid) has emerged as the lowest bidder for a project worth Rs 1,000 crore to set up Vindhyachal-Varanasi 765 kV transmission line.
India’s largest power transmission utility, Power Grid Corporation of India Limited has emerged as the successful bidder to establish Vindhyachal – Varanasi 765kV Transmission line as part of New WR-NR 765 kV Inter-Regional Corridor.
State owned Power Grid Corp will soon begin commercial operations of 1,500 MW second pole of Champa-Kurukshetra high voltage direct current line, which is likely to improve power supplies to Northern India, industry sources said.
The Asian Development Bank (ADB) will provide $500 million loan to help Power Grid finance its transmission projects.
State-run Power Grid Corp has approved an investment of Rs 1,931.39 crore for high voltage direct current bipole link between western and southern regions.
State-run Power Grid Corp posted a 20 percent jump in standalone net profit at Rs 1,930.02 crore for the third quarter ended December 31, 2016, on the back of higher income
Even though the power sector is trying to recover from a mountain of debt and stalled projects, there’s significant action on the ground when it comes to building transmission infrastructure.
Power Grid Corp today said its board has approved proposals to invest Rs 1,184.45 crore in power transmission projects across the country.