Recently, what amount has approved for the power transmission projects across the country by PowerGrid

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Rs 2, 584.45 crore
B	Rs 1, 184.45 crore
C	Rs 2, 174.45 crore
D	Rs 1, 140.45 crore

Explanation:

Detailed explanation-1: -The company reported an increase of more than 7% in revenue from operations at Rs 10, 665.7 crore in the July-September 2022 period compared to a revenue of Rs 9, 930.74 crore in the year-ago period.

Detailed explanation-2: -Stock is rising and might rise more. It appears as if Power Grid POWERGRID gave a large move recently. Stock of Power Grid (POWERGRID) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Detailed explanation-3: -Powergrid Corporation looking to ramp up investments in energy storage projects: RK Tyagi Director-Operations. India has a target of 500 GW non fossil fuel-based power capacity by 2030. This will require battery storage capacity of 27 GW or 108 GWHr, projected to be a part of the installed capacity in 2029-30.

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