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Power Grid Corporation Share Price: Power Grid Falls After Acquiring Ramgarh New Transmission Limited

Power Grid share price: Shares were last trading 0.32per cent lower at Rs215.25 on the BSE Share price of Power Grid Corporation of India Limited fell on Wednesday, March 10, after the company announced that it acquired Ramgarh New Transmission Limited (RNTL), the project SPV or special purpose vehicle to establish a transmission system strengthening scheme for the evacuation of power from solar energy zones in Rajasthan. According to a regulatory filing by the company to BSE, the transmission system comprises a new 400/220kV substation, 400kV DIC transmission lines, and an associated substation extension work in the state of Rajasthan. Promoted

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