Power Grid Corporation of India has received approval to raise upto Rs 5,700 crore in FY 23-24 in mulitple tranches to part finance its capex requirement, for providing Inter Corporate Loans to wholly owned subsidiaries/JVs and for general corporate purposes by securitization of cash flows of 4 operational SPV viz. “POWERGRID Bhuj Transmission (PBTL), POWERGRID Khetri Transmission System (PKTSL), POWERGRID Medinipur Jeerat Transmission System (PMJTL) & POWERGRID Varanasi Transmission System (PVTSL) upto March, 2034. The Committee of Directors for Bonds, in their meeting held July 29, 2023, have approved the same.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
