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's Committee of Directors on Investment on Projects has approved a new scheme called the North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII) at an estimated cost of ₹209.38 crore. The project will be implemented and is scheduled to be commissioned within 30 months from the date of allocation, targeting completion by February 3, 2028. This is part of Power Grid's ongoing effort to strengthen transmission infrastructure in India's North-Eastern region. The investment was approved at a committee meeting held on August 26, 2025.
This is a routine transmission infrastructure investment for Power Grid and is small relative to the company's overall size, so it is unlikely to materially move the stock price. It reinforces Power Grid's role in expanding the North-East power grid network, supporting steady order book growth.