Power Grid Completes 100% Acquisition Of Fatehgarh II Transmission
India, Aug. 31 -- A power transmission company is increasing its transmission infrastructure by buying an SPV project that was given through a bidding process. The company will add transmission equipment at Fatehgarh-II Pooling Station as part of the project to grow its presence in the power transmission area.
Shares of Power Grid Corporation of India Ltd ended at Rs 265.30 Rs 0.75 or 0.28% from Monday's previous close of Rs 266.05. The stock started the day at Rs 266.05. Moved between Rs 266.05 and Rs 263.15 during the day. The company continues to have a large-cap market cap of Rs 2,45,963.53 crore.
The Acquisition and Project Details
Power Grid Corporation of India Ltd (PGCIL) has taken over Fatehgarh II Transmission Limited from PFC...
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