Power Grid Corp's board approves plan to raise Rs 12,000 crore through bond issuance

Power Grid Corp board approves plan to raise Rs 12k cr via bonds

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.

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