Power Grid Corp. of India Ltd (PGCIL) plans to seek a $1 billion (Rs.4,510 crore) loan each from the Asian Development Bank (ADB) and the World Bank. PGCIL wants to secure loans from lenders such as the ADB and the World Bank because of the low rate of interest they charge and the long repayment tenure they offer.
PGCIL has estimated capital expenditure requirements of Rs.1 trillion in the 12th Plan period. For PGCIL, 30% of capital expenditure in any Plan period comes from internal accruals and the balance from loans. Of the loan amount, around 40% is borrowed from the domestic market and the rest from international lenders. PGCIL already has in place approved loans worth $3.67 billion and $1.5 billion from the World Bank and ADB.
| 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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