POWERGRID ACQUIRES BARMER HVDC POWER TRANSMISSION

Public Sector Undertaking

has acquired 100% of Barmer HVDC Power Transmission Limited to develop a 6,000 MW interstate transmission system for evacuating renewable power from Rajasthan for Rs 18.98 crore. The project is being developed on a build, own, operate and transfer (BOOT) basis and involves establishing 6,000 MW, ±800 kV HVDC terminals at Barmer-II in Rajasthan and South Kalamb in Maharashtra, including augmentation of the South Kalamb substation. Power Grid Corporation of India Limited is India’s largest electric power transmission company. The company's share price is currently trading at a P/E of 15.7 thereby making it a fair value for long term investing. Moreover, the company maintains a healthy dividend payout of 58% making it a good investment for regular income.