Power Grid Corp approves investment of Rs 821.29 cr in 5 projects

01 Apr 2022 CW Team

The Power Grid Corporation of India Limited (PGCIL) announced that its board of directors had approved investments in five projects worth Rs 821.29 crore across the country.

The first project involves strengthening the transmission system beyond Kolhapur (Maharashtra) for power export from solar and wind energy zones in the southern region for Rs 129.28 crore, with a completion date of February 2023.

The second project involves transmission system strengthening for the Srinagar-Leh transmission system, which is expected to be completed by December 2024 for Rs 288.71 crore.

The third project, which will cost Rs 176.22 crore and will be completed by March 20, 2023, will increase transformation capacity in the southern region.

The fourth project involves increasing transformation capacity at Kurukshetra and Patiala substations for Rs 106.99 crore, with ICT at Kurukshetra SIS expected to be operational by 15 February 2023 and ICT at Patiala SIS by May 2023.

The final project entails the evacuation of RE in the Wind Energy Zone 500 MW in Tirunelveli and Tuticorin (both in Tamil Nadu) for an estimated cost of Rs 120.09 crore, with a target completion date of March 2023.

The Government of India (GoI) established the Power Grid Corporation of India as the country's central transmission utility. The government of India owned 51.34% of the company as of December 31, 2021.

Power Grid Corporation of India reported a 2.2% drop in consolidated net profit in Q3 FY22 to Rs 3,292.97 crore, down from Rs 3,367.7 crore in Q3 FY21.

On the Bombay Stock Exchange (BSE), Power Grid Corporation of India's shares were trading 0.75% lower at Rs 210.65.

Image Source

Also read: PGCIL pauses laying of overhead transmission lines in Rajasthan

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..