Power Grid Corporation of India has finally approved an investment proposal for the expansion of power grid telecom into the data centre business and establish a data centre at Manesar (Gurugram, Haryana) at an estimated cost of about Rs 322 crore (including GST).
The company’s consolidated net profit rose 9.1% to Rs 3,376.38 crore on a 7.7% rise in net sales to Rs 10,266.98 crore in Q2 September 2021 over Q2 September 2020.
Power Grid Corporation of India, a “Maharatna” Central Public Sector Enterprise, is India’s largest electric power transmission utility.
The Government of India held a 51.34% stake in the company as of 30 September 2021.
Shares of Power Grid Corporation of India lost 0.24% to Rs 204.85 on BSE.