State-run Power Grid Corporation (PGCIL) is expected to get $400 million funding from the International Finance Corp (IFC) for undertaking electricity transmission projects in the country. The proposed project is estimated to be worth about $2.3-3.5 billion and the company is expected to fund 70% of the projects’ cost through debt while the remaining 30% will be from internal accruals.
The public sector major already has board’s approval for investments worth about Rs 70,000 crore related to 12th Plan Period (2012-17) projects.
The company reported a profit after tax of Rs 809 crore in the three months ended December 2011 as compared to Rs 591 crore in the year-ago period.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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