Power Grid Shares Fall After Acquiring Ramgarh New Transmission Limited

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Power Grid share value: Shares had been final buying and selling 0.32per cent decrease at Rs215.25 on the BSE

Share value of Power Grid Corporation of India Limited fell on Wednesday, March 10, after the corporate introduced that it acquired Ramgarh New Transmission Limited (RNTL), the venture SPV or particular goal car to ascertain a transmission system strengthening scheme for the evacuation of energy from photo voltaic vitality zones in Rajasthan. According to a regulatory submitting by the corporate to BSE, the transmission system includes a brand new 400/220kV substation, 400kV DIC transmission strains, and an related substation extension work within the state of Rajasthan.

On Wednesday, shares of Power Grid opened on the BSE at Rs 220.35, touching an intra day excessive of Rs 220.35, an intra day low of Rs 214.05, up to now.

Shares of Power Grid had been final buying and selling 0.32 per cent decrease at Rs 215.25 on the BSE. Meanwhile, Power Grid shares had been buying and selling 0.32 per cent decrease at Rs 215.30. On the NSE, shares opened at Rs 218, touching an intra excessive of Rs 218.95, and an intra day low of Rs 214.



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