Power Grid Corporation Of India Ltd.

Power Grid Corporation has entered into a term loan facility agreement for JPY 22 Billion with Sumitomo Mitsui Banking Corporation, Singapore Branch (SMBC), towards part financing of its capital expenditure for its on-going and new projects and renovation and modernization of its sub-stations. The facility has door to door maturity of 12 years and is on floating rate interest basis linked to JPYLIBOR.

Power Grid Corporation of India 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.