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Siemens BSE NOTICES

Siemens Ltd has informed BSE that the Company has received an order from Power Grid Corporation of India Ltd. to construct a new 765 / 400 kV substation at Meerut (Uttar Pradesh) and augmentation of substations at Mandola (Uttar Pradesh) and Baalabgarh (Haryana). The Company will supply the high-end technology products such as Circuit breakers, current transformers, capacitor voltage transformers, disconnectors, surge arrestors and solutions like substation automation. The order will be commissioned in January 2011 and has a value of approx. Rs. 100 crores.

Source: BSE
Courtesy moneycontrol.com

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Thursday, January 28, 2010

Power Grid Corporation of India

Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 25, 2010, have accorded the following: 1. Approval to investment approval for 'Immediate evacuation System for Nabinagar TPS' (1000 MW) at an estimated cost of Rs. 215.86 crore, with commissioning schedule of within 28 months from the date of investment approval, and 2. In Principle approval to 'Follow on Public Offer'(FPO) of equity shares of 10% of paid up capital from domestic / external market for augmenting resources of Company to fund its investment programme. This will be subject to approvals by Government of India and approvals as required for FPO.

Source: BSE
Courtesy moneycontrol.com

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Power Grid Q3 net profit up 31% at Rs 487.8 cr

Power Grid Corporation of India has announced its third quarter results of FY10. Its net profit jumped 31% to Rs 487.8 crore from Rs 372.3 crore, on year-on-year basis (YoY).

Net sales increased 3.25% to Rs 1,525.4 crore from Rs 1,477.4 crore (YoY).

The share closed at Rs 114.60, up Rs 0.35, or 0.31%. Its market cap stood at Rs 48,233.32 crore at current market price.

Source: CNBC-TV18
Courtesy moneycontrol.com

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