Power Grid Corporation (PGCIL) on Thursday said its board had approved investments worth Rs 677.59 crore for transmission projects.

• Redington Shares Hit Fresh High on iPhone Duo Launch
• Boring Company Raises $3 Billion, Valued at $23B
• IRB Infra Shares Jump 8% on Strong August Toll Revenue
• Kolte-Patil Shares Hit Day High After Record ₹600 Cr Sales
• Key Factors Behind Today’s Market Movement

The ‘Committee of Directors on Investment on Projects’ at its meeting held on February 2 (Wednesday) approved investments worth Rs 677.59 crore, it said in a BSE filing.

The projects include “Transmission system for evacuation of Power from Pakaldul HEP in Chenab Valley HEPs-LTA System” at an estimated cost of Rs 318.12 crore, scheduled to be commissioned by April 2025 (matching with Pakaldul hydroelectric power (HEP) generation).

The panel also approved “Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part G1” at an estimated cost of Rs 359.47 crore.