Power Grid board okays Rs 673-crore investment for transformer converter purchase

New Delhi: Power Grid on Friday said its board has approved an investment proposal worth Rs 673 crore.

The decision was taken by the board at its meeting on Friday.

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"Board of Directors has considered and approved the 'Investment approval for procurement of 06 nos. of 397 MVA Converter Transformer for Talcher-Kolar' HVDC link under Additional Capital Expenditure 2024-29 tariff block at an estimated cost of Rs 673.08 crore, scheduled to be commissioned by September, 2027," the company said.

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