Western Region Transmission (Maharashtra) Private Limited, a subsidiary of Anil Dhirubhai Ambani Group's Reliance Infrastructure, has commissioned a new 400 kV double circuit transmission line between Solapur and Kolhapur in Maharashtra, opening the firm’s sixth transmission line in western grid.
"Reliance Infrastructure, part of the Reliance Group, commissioned another 400 kV double circuit transmission line between Solapur and Kolhapur in Maharashtra through its wholly owned subsidiary Western Region Transmission Maharashtra Private Limited," the company said in a filing with the stock exchanges.
Alok Roy, CEO, Reliance Power Transmission said that the company has commissioned six transmission lines out of the total nine planned. He also said that the company is aiming complete the project by FY13 that will facilitate the 4000 MW power flow from eastern region to the western region.
The shahs of Reliance Infrastructure increased as much as 1 per cent on the news that its unit has commissioned new transmission line in the western state. The share was trading 1.1 per cent higher at Rs 570.70 at the time of reporting this morning and volumes were recorded at 3,21,979 equity shares. Market capitalisation of the company currently stands at Rs 15,008.84 crore.
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