Power Grid Corporation of India has received approval for raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXII (72nd) Issue 2022-23 on Private placement upto Rs 600 crore by securitization of cash flows of 10 years i.e. till FY 2032-33 of its operational SPV viz. ‘POWERGRID NM Transmission (PNMTL)’. The Committee of Directors for Bonds, in their Meeting held on March 24, 2023, approved the same.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
