Get latest articles and stories on Latest News at LatestLY. State-owned Power Grid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income. Latest News | Power Grid Corporation Net Profit Dips Marginally to Rs 4,166 Cr in Q4.
State-owned Power Grid Corporation on Tuesday said it has inked a pact to infuse funds and take a 50 per cent stake in crisis-hit National High Power Test Laboratory Pvt Ltd (NHPTL). A supplementary joint venture agreement in this regard was signed on April 23, 2024, by shareholders of NHPTL, according to a regulatory filing.
Power Grid Corporation: ".its Board of Directors and Committee of Directors on Investment on Projects in their respective meetings held on 18th February, 2024, have accorded investment approvals," a BSE filing stated.
The Committee of Directors on Investment on Projects approved augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani at an estimated cost of Rs 141.09 crore, scheduled to be commissioned by May 5, 2025.
India Business News: Power Grid Corporation was declared the successful bidder for six inter-state transmission system projects in Q3 FY24. The projects have an estimated