PowerGrid Corp moves up on joint venture with REL

PowerGrid Corporation of India shares moved up today on the news of  Joint Venture agreement they have made with Reliance Energy. Power Grid Corporation will own 26 per cent in the newly made Joint Venture company to set up 300 Km of Power Transmission lines from Parbati to Koldam and Koldam to Ludhiana.

The stock is currently trading at Rs. 153.45 up 1.56 per cent on the BSE at 12.25 pm.