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Power Grid plans Rs 12,000-cr bonds issue

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Power Grid plans Rs 12,000-cr bonds issue
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18 April 2024 10:53 AM IST

New Delhi: State-owned Power Grid Corporation of India (PGCI) 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 April 17, 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 Rs12,000 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.

Power Grid Corporation of India issuance of bonds Taxable Powergrid Bonds BSE electric power transmission 
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