Powergrid Approves Rs 1,227 Crore Capex, Commences Transmission Project

Powergrid, a big government company, has two important updates.

First, they plan to spend Rs 1,227 crore to fix an old electricity system called Bhadrawati.

This project will take 36 months to complete.

Second, they have started a new project to build big electricity lines between Odisha and Andhra Pradesh.

These lines will help move electricity more efficiently.

In their recent financial report, Powergrid made a bit less profit this year compared to last year, but their overall revenue increased slightly.

Their stock price has gone down a bit recently, but it went up a small amount on the day they announced these updates.