New Delhi: A committee of directors of state-owned POWERGRID have approved a proposal to invest Rs 330.61 crore in a transmission project for evacuation of power from REZ in Rajasthan, said the company in a mandatory filing on Wednesday.

"In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that 'Committee of Directors on Investment on Projects' of POWERGRID in its meeting held on December 13 has accorded Investment Approval for Transmission System for evacuation of power from REZ in Rajasthan (20GW) under Phase-III, Part-J at an estimated cost of Rs. 330.61 crore," stated the BSE filing.

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