PowerGrid to invest over Rs. 470 cr in 2 projects.

Power Grid Corporation of India will invest more than Rs. 472 crore in two projects.

The investment plans were approved by the transmission utility's board of directors at its meeting held recently, the company said in a regulatory filing recently.

The two projects are estimated to cost Rs. 472.58 crore.

An investment of Rs. 374.63 crore will be made in Phase-I of Unified Real Time Dynamic State Measurement (URTDSM) project, which is expected to be completed in 27 months.

Besides, the state-owned company will invest Rs. 97.95 crore in transmission system associated with contingency plan for evacuation of power from IL&FS (2x800 MW). This project is expected to be commissioned within 18 months from the date of investment approval.

HBL