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The board of State-owned Power Grid Corporation of India Ltd’s (PGCIL) approved an investment of Rs 14.23 crore for an electric vehicle charging station in Navi Mumbai and also to create an arm to undertake telecom and digital technology businesses. This is under the FAME India Scheme Phase-II as per a BSE filing by the company.
Powergrid board has also approved the incorporation of a wholly-owned subsidiary of PowerGrid to undertake its telecommunications and digital technology business.
The statement also mentioned that the commissioning schedule is 12 months for the charging station and for other infrastructures such as kiosks and toilets, it is 24 months from the date of agreement to be signed between POWERGRID and Navi Mumbai Municipal Transport (NMMT).