Power Grid Corporation (PGCIL) secured two agreements with the New Delhi Municipal Council (NDMC) for strengthening transmission system at a cost of Rs 1.92 billion.
Under the agreements, PGCIL will be responsible for upgradation of electricity infrastructure in areas which fall under NDMC. The contract involves construction and augmentation of 66 kv and 33 kv sub-stations, augmentation of transformer, and underground cabling.
In addition, System Control and Data Acquisition (SCADA) will be installed by the company to improve data communication system and energy accounting and billing in the area.
The orders will be completed within 30 months from the date of signing of the agreements.
Shares of the company closed down Rs 2.2, or 1.48%, at Rs 146.30. The total volume of shares traded at the BSE was 3,482,681. (Wednesday).
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