Power Grid Corporation of India Ltd (PGCIL) is very likely to surpass the capital expenditure target for FY22, given its performance in the first three quarters of the year.
Power Grid Corporation of India Ltd (PGCIL) has added a significant 1,500 mw of interregional power transfer capacity during the third quarter (Q3: October to December) of FY22.
Torrent Power has reported lower T&D losses in all its licensed and franchised distribution areas, according to a company presentation filed on stock exchanges.
The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting on February 2, 2022, approved two investment proposals entailing capital expenditure of Rs.678.29 crore.
The overall plan outlay (expenditure) of PSUs in the Union power ministry has been pegged at Rs.51,470.14 crore in FY23 (BE), up 5 per cent from Rs.49,006.30 crore in FY22 (RE). In FY21, the actual plan outlay of power PSUs stood at Rs.47,330.33 crore.
Servotech Power Systems Ltd and Smart Power India have announced a partnership to promote the use of solar-powered systems to achieve electricity access in rural communities.