May 30, 2012 / 8:38 AM / 5 years ago

India's Power Grid plans 200 bln rupees capex in 2012/13

May 30 (Reuters) - State-run transmission utility Power Grid Corp of India plans to invest 200 billion rupees ($3.58 billion) in 2012/13 to expand its capacity, Chairman R.N. Nayak told reporters on Wednesday.

The company aims to spend 1 trillion rupees in capital expenditure in the five years to 2017, Nayak said.

$1 = 55.8150 Indian rupees Reporting by Ketan Bondre in MUMBAI; editing by Malini Menon

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