Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) will seek shareholders’ approval next month to raise up to Rs 14,000 crore from domestic and external sources during the fiscal 2016-17. The funds will be raised from domestic as well as external sources through issuance of tax-free bonds under private placement in 2016-17. The shareholders’ nod would also be sought for enhancing borrowing limits from Rs 1.3 lakh crore to Rs 1.5 lakh crore.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems.