PGCIL gets board’s nod to invest in Mundra project

PGCIL gets board’s nod to invest in Mundra project
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First Published: Mon, Sep 22 2008. 04 23 PM IST
Updated: Mon, Sep 22 2008. 04 23 PM IST
PTI
New Delhi: Central transmission utility Power Grid Corporation (PGCIL) has got board approval for investing Rs4,824.12 crore to provide transmission system for the 4,000 MW power project at Mundra in Gujarat.
“Power Grid Corporation of India Ltd (PGCIL) has received investment approval of Rs4,824.12 crore from its board of directors for the 4,000 MW ultra mega power project at Mundra in Gujarat,” the company informed the Bombay Stock Exchange.
The 4,000 MW project is being developed by the country’s largest private power producer Tata Power. The project is scheduled to be commissioned in four years.
The PGCIL shares were trading at Rs92.30, down 2.17%, in the afternoon trade on the BSE.
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First Published: Mon, Sep 22 2008. 04 23 PM IST