<div>The Power Grid Corporation of India (PowerGrid) has commissioned a record number of projects worth Rs 30,300 crore in the just-concluded fiscal, and also achieved a planned capex of Rs 22,500 crore.<br /><br />“PowerGrid, a Navratna company under the Ministry of Power, commissioned transmission projects worth Rs 30,300 crore (unaudited) during 2015-16, which is the highest-ever commissioning achieved by the company in its history,” the Ministry of Power said in its statement. <br /><br />The company achieved the planned capex of Rs 22,500 crore (provisional), and its highlights include establishment of two new international interconnections, one with Nepal and the other with Bangladesh, the ministry said.<br /><br />The inter-connection with Nepal — Muzaffarpur (Bihar)-Dhalkebar (Nepal) transmission line — was jointly dedicated by Prime Minister Narendra Modi and Prime Minister of Nepal, KP Sharma Oli via tele-inauguration, during the latter’s visit to India in February 2016.<br /><br />The second inter-connection with Bangladesh — Surjyamaninagar (Tripura)-Comilla (Bangladesh) transmission line — was jointly dedicated by Modi and Prime Minister of Bangladesh Sheikh Hasina through video-conferencing.<br /><br />“During 2015-16, tenders for transmission projects worth more than Rs 50,000 crore were released, setting a new benchmark for highest-ever tenders in a single year by the company,” the statement said.<br /><br />During the year, the company also awarded contracts for 270 packages worth Rs 22,000 crore, and investment approvals for projects worth Rs 13,200 crore were undertaken.<br /><br />For the nine months (April-December 2015), the company had reported a total income of Rs 15,320 crore, and posted a profit after tax of Rs 4,428 crore.<br /><br />Solar Park in Karnataka<br />Separately, the PGCIL said its board also approved the investment proposals worth Rs 3,324 crore for various projects.<br /><br />The proposal approved by the board includes powergrid works associated with common transmission system for phase II generation projects in Odisha at an estimated cost of Rs 844.64 crore, eastern region strengthening scheme at a cost of Rs 454.11 crore and transmission system for ultra mega solar power park at Tumakuru in Karnataka at an estimated cost of Rs 810.48 crore. <br /><br /></div>
<div>The Power Grid Corporation of India (PowerGrid) has commissioned a record number of projects worth Rs 30,300 crore in the just-concluded fiscal, and also achieved a planned capex of Rs 22,500 crore.<br /><br />“PowerGrid, a Navratna company under the Ministry of Power, commissioned transmission projects worth Rs 30,300 crore (unaudited) during 2015-16, which is the highest-ever commissioning achieved by the company in its history,” the Ministry of Power said in its statement. <br /><br />The company achieved the planned capex of Rs 22,500 crore (provisional), and its highlights include establishment of two new international interconnections, one with Nepal and the other with Bangladesh, the ministry said.<br /><br />The inter-connection with Nepal — Muzaffarpur (Bihar)-Dhalkebar (Nepal) transmission line — was jointly dedicated by Prime Minister Narendra Modi and Prime Minister of Nepal, KP Sharma Oli via tele-inauguration, during the latter’s visit to India in February 2016.<br /><br />The second inter-connection with Bangladesh — Surjyamaninagar (Tripura)-Comilla (Bangladesh) transmission line — was jointly dedicated by Modi and Prime Minister of Bangladesh Sheikh Hasina through video-conferencing.<br /><br />“During 2015-16, tenders for transmission projects worth more than Rs 50,000 crore were released, setting a new benchmark for highest-ever tenders in a single year by the company,” the statement said.<br /><br />During the year, the company also awarded contracts for 270 packages worth Rs 22,000 crore, and investment approvals for projects worth Rs 13,200 crore were undertaken.<br /><br />For the nine months (April-December 2015), the company had reported a total income of Rs 15,320 crore, and posted a profit after tax of Rs 4,428 crore.<br /><br />Solar Park in Karnataka<br />Separately, the PGCIL said its board also approved the investment proposals worth Rs 3,324 crore for various projects.<br /><br />The proposal approved by the board includes powergrid works associated with common transmission system for phase II generation projects in Odisha at an estimated cost of Rs 844.64 crore, eastern region strengthening scheme at a cost of Rs 454.11 crore and transmission system for ultra mega solar power park at Tumakuru in Karnataka at an estimated cost of Rs 810.48 crore. <br /><br /></div>
