Power Grid Corporation to form JV with IL&FS and Satluj Jal Vidyut

Power Grid Corporation to form JV with IL&FS and Satluj Jal VidyutState-run, Power Grid Corporation of India has notified that the Board of Directors of the Company at its meeting has finally granted its nod to form a joint venture company (JV) in association with IL&FS Energy Development Company and Satluj Jal Vidyut Nigam.

The said JV company has been formed establishment of Muzaffarpur - Sursand section of 400 KV D/C Muzaffarpur-Dhalkebar Indo-Nepal cross border transmission line.

Under the arrangement, Power Grid and Satluj Jal Vidyut Nigam will hold 26% in the JV company, while the remaining stake would be held by IL&FS Energy Development Company.

Shares of the company closed on Friday at Rs 108 on BSE. The counter has made 52-week-high and low of Rs 128 and Rs 52.




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