Power Grid Corporation of India Ltd (PGCIL) has started dialogue with state government utilities with a view to tapping business opportunities arising from the Central government’s revamped distribution upgrade programme.
Power Grid Corporation of India Ltd (PGCIL) is well on track to meet its capital expenditure target of Rs.7,500 crore set for the current year FY22, noted K. Sreekant, the company’s CMD.
Resurgent Power, a joint venture of Tata Power, has been selected to acquire 100 per cent equity holding in “NRSS XXXVI Transmission Ltd,” a financially-stressed interstate power transmission asset.
The board of Power Grid Corporation of India Ltd (PGCIL), in its recent meeting, approved to undertake initial expenditure under the Africa50 collaborative venture.
Power Grid Corporation of India Ltd (PGCIL), in a statement, said that it incurred capital expenditure of Rs.1,939 crore in the second quarter (Q2, July to September) of FY22.