On July 31, Power Grid Corporation of India shares surged close to 2% after it was acknowledged as a successful bidder for a host of inter-state transmission system projects.

At 10.38 am, shares are trading Rs 262.90, up Rs 3.65, or 1.55%, on the BSE.

The projects comprise transmission systems for the following.

1. Removal of power from REZ in Rajasthan (20GW) under Phase III Part B1.
2. Setting up a 765/400/220 kV pooling station at Bhadla-3.
3. A 765 kV D/C transmission line traversing in Rajasthan.
4. Connected bay extension works.
5. Another project for a transmission system for a solar energy zone in Ananthpuram (Ananthapur) (2500 MW) and Kurnool (1,000 MW), Andhra Pradesh.
6. It contains the construction of a 400/220 kV pooling station at a suitable border between Ananthpuram and Kurnool (in Andhra Pradesh).
7. Plans to set up 2 400 kV D/C transmission lines traversing in Andhra Pradesh.
   A meeting of the company’s BOD is scheduled to consider the unaudited financial results for the quarter that ended June 30, 2023, and the announcement of bonus shares subject to the approval of the company’s shareholders.
   The board will also deliberate raising Rs 12,000 crore from the domestic market through secured / unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during FY2024-25 in one or more tranches.
   Earlier, the board had approved the implementation of advanced metering infra projects worth Rs 4,067.3 crore and reviewed the investment proposal to launch a pilot data centre at the Manesar substation at Rs 713.83 crore.