Power Grid to Invest Rs. 575 Crore in 2 Projects.

India's power transmission behemoth and navratna, Power Grid Corporation of India recently said it would invest Rs. 575 crore for its two upcoming projects.

A stock exchange filing said 'Board of directors of the company has approved the investment approval for Eastern Region Strengthening Scheme at an estimated cost of Rs. 196.58 crore, with commissioning schedule of 24 months from the date of investment approval.'

The company approved an investment of Rs. 378.71 crore for setting up a transmission system associated with the Kakrapar Atomic Power Project, with a commissioning schedule of 32 months.

The company plans to invest more than Rs. 61,000 crore in the next three financial years.

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