Power Grid Corporation of India (PGCIL) has sought shareholders' approval for raising Rs 20,000 crore through bonds or debentures on private placement basis in 2019-20. The proposal to raise funds up to Rs 20,000 crore, from domestic market through issue of secured /unsecured, non-convertible, noncumulative/ cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during 2019-20 in up to twenty tranches/offers.
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.
