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Power Grid planning to raise up to Rs 12,000 crore on private placement basis

15 Apr 2024 Evaluate

Power Grid Corporation of India is planning to raise funds via issue of Unsecured, Non-Convertible, Non-Cumulative, Redeemable, Taxable POWERGRID Bond Issue(s) during FY 2024-25 in one or more tranches/ series up to Rs 12,000 crore on private placement. A meeting of ‘Committee of Directors for Bonds’ is scheduled to be held on April 17, 2024 to consider the same. 

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.


Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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