Power grid News

Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75 per cent to settle at 72,641.19. 

India Stock Market closed in green amid positive global cue. Sensex closed 684 points higher to 57,919. Earlier, stock market opened with a strong rebound amid festival season.

The 30-share BSE benchmark fell 262.73 points to 56,147.23 points in initial trades. Similarly, the broader NSE Nifty dipped 70.4 points to 16,747.70 points. The BSE benchmark fell 188.32 points or 0.33 per cent to settle at 56,409.96 points on Thursday.

Sensex and Nifty, slumped for the sixth consecutive session on Wednesday. 30 stock S&P BSE Sensex slumped 509.24 points or 0.89 per cent to 56,598.28 points. NSE Nifty 50 slumped 148.80 points or 0.87 per cent to 16,858.60 points.

30-share BSE Sensex declined 319.3 points to 58,800.42 in initial trade. NSE Nifty fell by 90.8 points to 17,539. The international oil benchmark Brent crude declined 0.50 per cent to USD 90.02 per barrel.

Sensex, Nifty seen big fall post US Federal Reserve hiked interest rates. Yesterday, US FED increased interest rate by 75 basis points. Sensex closed at 59,073, Nifty at 17,629.

South 24 Parganas` Bhangar is on the boil since last week over "forced" acquisition of 16 acres of farmland by the state government for Power Grid Corporation of India Ltd.

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State-owned utility Power Grid Wednesday said it will seek shareholders' approval next month to raise up to Rs 14,000 crore from domestic and external sources during the fiscal 2016-17.

State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans.

State utility Power Grid Corporation on Saturday posted a 20 percent rise in its standalone net profit at Rs 1,412.48 crore for the quarter ended March 31, 2015.

"Alstom T&D India has been awarded a contract of approximately euro 34 million by Power Grid Corporation of India (Power Grid) to supply two gas-insulated substations," the company said in a statement.

Power Grid Corp on Tuesday said its Board has approved investments worth Rs 5,547.90-crore in various projects including for the inter-state electricity transmission.

State-owned Power Grid Corp will make investments worth over Rs 2,000 crore for execution of various projects including creating transmission network in the national capital in the next 2-3 years.

Central transmission utility Power Grid Corporation has sought USD 500 million loan assistance from the World Bank for financing projects.

"Therefore, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the Reserve Bank of India," it said in a notification.

Siemens Limited on Thursday said it has delivered 1200 kilovolts transformer to central transmission utility Power Grid Corporation for the latter's test station at Bina in Madhya Pradesh.

State-owned Power Grid Corp has received approval of its board for investing Rs 477.24 crore in two transmission projects.

Alstom T&D India today said it has bagged a Rs 200 crore order from Power Grid Corporation of India Ltd (PGCIL) for upgrading grid substations in eastern parts of the country.

Power Grid will invest Rs 5,800 crore in Gujarat to increase the number of Extra High Voltage (EHV) substations to 12 from the existing five.