Power Grid - Updates

Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2009 have accorded approval to the following:

Powergrid's Equity Participation of 26% in the Joint Venture Company to be formed amongst (1) IL&FS Energy Development Company Ltd. (2) Satluj Jal Vidyut Nigam Ltd (26% equity participation) and (3) Powergrid for Establishment of Muzaffarpur-Sursand Section of 400 KV D/C Muzaffarpur-Dhalkebar Indo-Nepal Cross Border Transmission Line.