Power Grid Corporation of India has received an approval for the raising of up to Rs 2,200 crore towards third tranche of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXV (75th) Issue. The Committee of Director for Bonds in their meeting held on December 29, 2023 has approved the same.
Earlier, the Committee of Directors for Bonds, in their Meeting held on July 29, 2023, have approved the raising of bonds upto Rs 5,700 crore in FY 23-24 in mulitple tranches to part finance its capex requirement, for providing Inter Corporate Loan(s) to wholly owned subsidiaries/JVs and for general corporate purposes by securitization of cashflows 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.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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