The Board of Directors of Power Grid Corporation of India Ltd at its meeting held on January 23rd 2012 have approved two investment approvals worth INR 1682.13 crore.

The Board approved 'Transmission System for establishment of 400/220kV GIS Substation at Magarwada in UT DD' at an estimated cost of INR 259.28 crore with a commissioning schedule of 24 months from the date of investment approval.

The Board also approved System Strengthening in Raipur-Wardha Corridor for IPP Projects in Chhattisgarh' at an estimated cost of INR 1422.85 Crore with a commissioning schedule of 36 months from the date of investment approval.

(Sourced from Equity Bulls)