Power Grid Corporation of India said that the board of directors has approved the investment approvals for 'eastern region strengthening scheme-IX (ERSS-IX)' at an estimated cost of Rs 1.96 billion with commissioning schedule of 24 months from the date of investment approval.
The board also approved transmission system associated with Kakrapar atomic power project - 3 & 4 at an estimated cost of Rs 3.78 billion. With the commissioning schedule of 32 months progressively from the date of investment approval.
Shares of the company declined Rs 0.6, or 0.63%, to trade at Rs 94. The total volume of shares traded was 112,651 at the BSE (1.32 p.m., Monday).