Power Grid To Invest Rs 562 Crore For System Strengthening

New Delhi: State-run Power Grid Corporation on Friday said its board has approved investment of Rs 562.25 crore for system strengthening in the southern region.

"Company's board of directors in their meeting held on September 16...have accorded investment approval for 'System strengthening in Southern Region - XXI" at an estimated cost of Rs 562.25 crore, with commissioning schedule of 30 months progressively from the date of investment approval," it said in a filing to the BSE.

Power Grid Corporation of India is engaged in bulk power transmission.