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The domestic market paused on the final trading day of the week, having earlier reached yet another record high, buoyed by positive cues from global markets. Noteworthy strength was observed in the capital goods and industrial sectors, bolstered by advancements in both manufacturing and services.
Bernstein is of the view that capex at the Power Grid Corporation will see an increase over the next 2 years and is estimated at 30 percent.
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.
Power Grid Corporation of India Ltd will be investing Rs 655.75 crore in two projects.In a regulatory filing, the company said its Board of Directors and Committee of Directors on Investment on Projects have accorded investment approvals ...