Power Grid Corp to Raise Rs 12,000 Cr via Bonds
Power Grid Corporation of India's board has approved a plan to raise up to Rs 12,000 crore through bond issuance in FY 2024-25. The funds will be used to support the company's transmission network expansion.
Photograph: Courtesy Power Grid Corporation
New Delhi, Apr 17 (PTI) State-owned Power Grid Corporation of India board on Wednesday approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in 2024-25.
"Committee of Directors for Bonds in their meeting held on today i.e. on 17th April 2024 has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable Powergrid Bonds Issue(s) during FY 2024-25 in one or more tranches/series up to Rs 12,000 crore," a BSE filing said.
Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks.
It is engaged in the bulk transmission of power across states in the country.
"Committee of Directors for Bonds in their meeting held on today i.e. on 17th April 2024 has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable Powergrid Bonds Issue(s) during FY 2024-25 in one or more tranches/series up to Rs 12,000 crore," a BSE filing said.
Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks.
It is engaged in the bulk transmission of power across states in the country.
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