Power Grid Corporation’s board has approved a proposal to increase the borrowing limit to Rs 15,000 crore from Rs 12,000 crore for 2024-25 through the issue of secured/unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free bonds under private placement from domestic/other sources. The board has also fixed the borrowing limit at Rs 16,000 crore for 2025-26. The Board of Directors of the company, in their meeting held on July 10, 2024, has accorded the approvals for the same.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
