POWERGRID Infrastructure Investment Trust was trading at Rs 103.55 at 11:08 IST on the BSE, a premium of 3.55% over the initial public offer (IPO) price of Rs 100.
Units of the infrastructure investment trust were listed at Rs 104, at a premium of 4% to the initial public offer (IPO) price. So far, the units have hit a high of Rs 104.97 and low of Rs 103.40. On the BSE, 10.30 lakh units were traded on the counter so far.
The IPO of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) was subscribed 4.83 times. The issue opened for bidding on 29 April 2021 and it closed on 3 May 2021. The price band of the IPO was Rs 99-100.
Powergrid commissions transmission line for renewable projects in Rajasthan
May 14, 2021
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The 765kV line will transmit electricity from renewable energy projects in Rajasthan’s special economic zones
Powergrid Corporation of India on Friday said it has commissioned the Ajmer (PG)–Phagi 765kV D/c line that will transmit electricity from renewable energy projects in Rajasthan’s special economic zones.
Powergrid Ajmer Phagi Transmission Ltd, a special purpose vehicle, commissioned the project on May 6 on a build, own, operate and maintain basis, Powergrid said in a statement.
The renewable energy projects are based in the 3.5 GW Bhadla complex, the 3.5GW Fatehgarh complex and the 1.85GW Bikaner complex. Powergrid won the project in an auction in 2019 with a levelised annual tariff bid of ₹61.33 crore for 36 years.
The issue received bids for 205.40 crore units as against 42.54 crore units on offer.
The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 2,05,40,48,700 units as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data. The issue was subscribed 4.83 times.
The institutional investors category, comprising foreign institutional investors, domestic financial institutions, mutual funds, was subscribed 4.63 times. The other investors category, which includes corporates, individuals investors and others, was subscribed 5.07 times.
The issue opened for bidding on Thursday, 29 April 2021 and it closed on Monday, 3 May 2021. The price band of the IPO was fixed at Rs 99-100.
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FROM TOI PRINT EDITION
‘NHAI was conceived as an organisation with only a core team to take decisions … all other activities are outsourced’ May 2, 2021, 8:49 PM IST
A selection of interviews that appear in TOI.
Road work as represented by national highways (NHs) did not slow down last year. Chairman of National Highways Authority of India (NHAI),
SS Sandhu about the current year’s prospects:
NH construction peaked in 2020-21 despite the first spell of Covid-19. How will the second wave impact work?
Despite losing the best construction months to Covid-related lockdown, NHAI constructed 4,192km of NHs last year and this is the highest ever highway construction achieved in a financial year by us. Focus has been on creating expressways of 6 or more lanes which require more efforts and resources as compared to earlier 2-4 lane highways. NHAI has constructed 18,500 lane km during 2020-21 which comes out to over 50