Synopsis :

Shares gained modestly after the board cleared two projects worth ₹706 crore for VOIP systems and disaster preparedness. Despite steady revenue, profit slipped slightly, while rising capex, strong project pipeline, and expanding consultancy orders highlight continued growth momentum.

The shares of the power transmission company gained up to 1.3 percent in today’s trading session after the company’s board approved two new projects worth Rs 705.5 crore.

With a market capitalization of Rs 2,61,532.98 crore, the shares of Power Grid Corporation of India Ltd were trading at Rs 281.20 per share, increasing around 0.12 percent as compared to the previous closing price of Rs 282.10 apiece.

Project approval

According to the company filing, Power Grid Corporation of India Ltd’

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