PGCIL Inks Pact With Power Ministry for Rs.25,000 crore Capex

State-run Power Grid Corporation of India (PGCIL) has inked a pact with the Ministry of Power to incur capital expenditure of Rs.25,000 crore for the current fiscal. The MoU includes various targets to be achieved by Powergrid during 2018-19.

Other targets in the MoU inter-alia include parameters related to human resources, project management, research & development, innovation and other efficiency and operational performance parameters. The MoU was signed by Ajay Kumar Bhalla, Secretary, Ministry of Power and I S Jha, Chairman and Managing Director.
Source- The Hindu
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Raj Kumar Singh is the Minister of State (I/C) of the Ministry of Power.