Energy Grid shares: Listed below are the important thing the reason why Maharatna inventory might face promoting strain on Monday?
Energy Grid Company of India Ltd has are available in information as Uday Kumar, the overall supervisor of Energy Grid Company of India, was detained by the CBI for accepting a bribe of ₹2.5 lakh. The incident can mpact the investor sentiments on Energy Grid inventory on Monday.
As per the press launch by the Central Bureau of Investigation (CBI), a Energy Grid Company of India Senior Normal Supervisor Uday Kumar took the bribe from an govt of Mumbai-based firm to increase favours to the corporate. The manager and Sr Normal Supervisor had been arrested from Sikar in Rajasthan.
Energy Grid different developments
Nevertheless there have been some constructive developments too not too long ago that will help the Energy Grid share value.
Energy Grid on Friday 21 March 2025 put up the market hours had intimated exchanges about Acquisition of Fatehgarh II and Barmer I PS Transmission Restricted by POWERGRID underneath TBCB route.
Venture Win in Rajasthan As per the press launch by Energy Grid, Energy Grid Company of India Ltd, pursuant to its choice because the profitable bidder underneath Tariff based mostly aggressive bidding, has on 21.03.2025 acquired Fatehgarh II and Barmer I PS Transmission Restricted, the Venture SPV to ascertain “Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Sec-II) and Barmer-I PS.
The challenge received by Energy Grid is on construct, personal, function and switch (BOOT) foundation from the Bid Course of Coordinator – PFC Consulting Restricted (PFCCL).
The challenge contains ICT augmentation works at present and underneath building sub-stations within the State of Rajasthan.
Venture Win in Karnataka Energy Grid additionally introduced on the exchanges concerning the Acquisition of Chitradurga Bellary REZ Transmission Restricted by POWERGRID underneath TBCB route
Energy Grid Company of India Restricted, pursuant to its choice because the profitable bidder underneath Tariff based mostly aggressive bidding, has on 21.03.2025 acquired Chitradurga Bellary REZ Transmission Restricted.
This Venture SPV is to ascertain “Transmission Scheme for integration of Davanagere / Chitradurga REZ and Bellary REZ in Karnataka”, on construct, personal, function and switch (BOOT) foundation from the Bid Course of Coordinator – PFC Consulting Restricted (PFCCL).
The challenge contains institution of latest 765 / 400 / 220kV Pooling SubStation close to Davangere / Chitradurga and a brand new 400 /220kV Pooling SubStation close to Bellary together with 765kV & 400kV D/C Transmission Traces and upgradation works for present sub-station and transmission line. Your entire scope of works are located within the state of Karnataka.
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