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The Economic Times
The Economic Times
Debaroti Adhikary

Power Grid shares gain 1.5% after firm wins Rs 3,244 crore inter-state transmission system project. Should you buy?

Shares of Power Grid gained around 1.5% on Thursday after the company received a letter of intent (LoI) to build an inter-state transmission system for evacuation of power from Barmer in Rajasthan to South Kalamb in Maharashtra.

State-owned Power Grid, in an exchange filing, said it was declared as a successful bidder under the tariff-based competitive bidding process to establish the transmission system at quoted annual transmission charges of Rs 3,244 crore. The shares of the company rose to Rs 270.75 apiece on NSE on Thursday morning.

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