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.