Power Grid enters into term loan facility agreement with SMBC

Power Grid Corporation Of India Ltd. | Power Generation/Distribution | Power | BSE: 532898 | NSE: POWERGRID

11 Dec 2018 Evaluate

Power Grid Corporation has entered into a term loan facility agreement for JPY 22 Billion with Sumitomo Mitsui Banking Corporation, Singapore Branch (SMBC), towards part financing of its capital expenditure for its on-going and new projects and renovation and modernization of its sub-stations. The facility has door to door maturity of 12 years and is on floating rate interest basis linked to JPYLIBOR.

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.

Peers

Company Name	CMP
NTPC	327.00
Tata Power	361.00
Adani Power	202.35
Power Grid Corpn.	263.50
Adani Energy Solut.	1350.00
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