Shares of Power Grid Corporation gained 3 per cent to hit a record high of Rs 264.8 in Monday’s intra-day trade after the company was declared as a successful bidder under Tariff Based Competitive Bidding (TBCB) for two projects.
The stock of power transmission company surpassed its previous high of Rs 263.65, touched on July 6, 2023. In the past two trading days, the stock has rallied 6 per cent.
The state-run company said that it was declared successful bidder under tariff-based competitive bidding for two inter-state transmission system projects under build, own operate and transfer (BOOT) basis. Letters of Intent for both the projects have been received by Power Grid.
