Power Grid - Outcome of Board Meeting

Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 07, 2011, approved the following three investment approvals for:

1. 'Eastern Region Strengthening Scheme-IV (ERSS-IV)' at an estimated cost of Rs. 60.36 Crore, with commissioning schedule of 21 months from the date of Investment approval.

2. 'Transmission System for establishment of 400/220kV GIS Substation at Kala in UT DNH' at an estimated cost of Rs. 181.93 Crore, with commissioning schedule of 24 months from the date of investment approval.

3. 'Augmentation of POWERGRID's Telecom backbone network and access network for Implementation of National Knowledge Network (NKN) Project' at an estimated cost of Rs. 505.48 Crore, with commissioning schedule of 24 months from the date of investment approval.