Power Grid Corporation of India Limited has informed the Exchange about Investment approval by "Committee of Directors on Investment on Projects" of POWERGRID
POWERGRID · price
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Power Grid Corporation's Committee of Directors on Investment on Projects has approved the implementation of a new National Unified Network Management System (N-UNMS) in main and backup configuration, integrating all regional UNMSs. The estimated cost of the project is ₹131.68 Crore. The system is scheduled to be commissioned within 24 months from the date of project allocation, with a target completion date of 23rd February 2027. The N-UNMS will provide a unified platform for managing and monitoring the national power transmission network.
This is a modest investment for a company of Power Grid's size and is part of its ongoing infrastructure modernization. Shareholders should view this as a routine technology upgrade with no material impact on the stock price in the short term.