Power Grid board okays Rs 555 cr investment proposal for 85 MW solar project 
News Updates

Power Grid board okays Rs 555 cr investment proposal for 85 MW solar project

Power Grid Board has approved an investment proposal of Rs 554.91 crore for an 85 MW solar power project at Nagda in Madhya Pradesh

PTI

New Delhi: State-owned Power Grid Corporation (PGCIL) board on Monday approved an investment proposal of Rs 554.91 crore for an 85 MW solar power project at Nagda in Madhya Pradesh.

Also read:Q1 FY'24: Power Grid posts net profit of Rs 3,597 crore

"Board of Directors of POWERGRID in their meeting held on 31st July 2023 have accorded Investment Approval for implementation of 85 MW Solar PV Power Project at Nagda (MP) at an estimated cost of Rs 554.91 crore with an implementation schedule of 10 months from the date of award and O&M (operation and maintenance) phase of five years for Solar Plant," a BSE filing said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

NALCO posts record Rs 1,601 crore net profit in Q3 FY26; nine-month profit touches all-time high of Rs 4,098 crore

If firm profits more from its scale, it has to bear more responsibility for environmental costs: SC

BoB Q3 net profit inches up 4.39%, lowers FY26 credit costs as asset quality holding up

SAIL Q3 net profit more than doubles to Rs 374 crore

NHPC to begin commercial operation of 250 MW unit at Subansiri hydro project on Sunday