Power Grid Corporation of India has received an investment approval for ‘HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala) – Scheme 2: AC System Strengthening at Pugalur end’ at an estimated cost of Rs 1931.39 crore with commissioning schedule of 30 months from the date of investment approval.
Further, the company has also received an approval for raising Rupee Term Loan (Facility) of up to Rs 3270 crore from ICICI Bank at 3 Month MCLR of Bank (Presently 7.90% p.a.) with reset every 3 months from the date of first disbursement. Loan shall be drawn as per requirement of Power Grid within 5 years from the date of first disbursement.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.
| Company Name | CMP |
|---|---|
| NTPC | 402.20 |
| Tata Power | 436.00 |
| Adani Power | 225.15 |
| Power Grid Corp | 313.90 |
| Torrent Power | 1724.80 |
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