PSU NEWS
PowerGrid, RINL to form equal JV for setting up
NEW DELHI . Power Grid Corporation of India announced that the Board of Directors have approved the setting up of Joint Venture Company between POWERGRID and Rashtriya Ispat Nigam (RINL) on 50:50 equity participation basis for setting up manufacturing facility for Transmission Line Towers & Tower Parts at Vishakhapattnam. further Board has also approved the investment of Rs Rs. 331.88 crore for 'Procurement of Telecom Equipment (DWDM/PTN/SDH), DCPS and Air-Conditioning System for Augmentation of Telecom Backbone and Access Network' at an estimated cost of with commissioning schedule of 24 months from the date of award.
PGCIL and RINL are “Navaratna” Central Public Sector Enterprises.
Read Also : WAPCOS CMD conferred with PSU Samarpan Award
News Must Read
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer