Wednesday, 22 February 2017

Today Indian Stock Market News; Power Grid Bags 765kV Transmission Proj In Eastern Region

Power Grid Corp said that it has bagged a 765kV transmission project in the eastern region in a competitive bidding conducted by PFC Consulting, an arm of Power Finance Corp. According to the bid document, the project includes setting up of 765/400kV, 2x1500MVA substations at Medinipur and establishment of 765/400kV, 2x1500MVA substations at Jeerat, West Bengal. "PowerGrid has been declared as the successful bidder under tariff-based competitive bidding to establish '765kV Strengthening in Eastern Region' on build, own, operate and maintain basis. The Letter of Intent (LoI) has been received on February 21, 2017," Power Grid Corp said in a BSE filing.

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