To invest over Rs 16,000 cr in state grid

Powergrid Corporation of India Ltd (PGCIL), India's largest power transmission utility, announced it would invest Rs 16,300 crore in two phases in Bihar to ramp up the electricity grid system of the state. The investment would be done through a new Joint Venture (JV) company between PGCIL and Bihar State Power Holding Company Ltd (BSPHCL) called Bihar Power Grid Company Ltd.