Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (Power Grid) is planning to raise up to Rs 14000 crore through issuance of bonds from domestic and external sources in 2017-18. The company will raise funds in up to eight tranches/offers with or without greenshoe option and each tranche shall be of up to Rs 2,000 crore of bonds, exclusive of the greenshoe part. The company will seek shareholders' approval for the same in its next Annual General Meeting (AGM) on September 16, 2016.

Power Grid is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.