PGCIL transfers residual equity in Powergrid Vizag Transmission for Rs 330 cr

State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT for a consideration of about Rs 330 crore. Also, the company has relinquished its right of additional revenue in its subsidiaries in favour of PGInvIT against a consideration of about Rs 304 crore.