Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has done a landmark transaction for $500 million in debut issue in foreign currency market with a coupon rate of 3.875% per annum for ten years note. This note shall be listed on Singapore Stock Exchange. The company’s total outstanding borrowing as on January 07, 2013 stands at Rs 63,356.15 crore as compared to Rs 53,401.91 crore as on March 31, 2012.

Further, the company has incurred capital expenditure of Rs 12,908 crore up to January 07, 2013 during FY 2012-13 as against Rs 8,834 crore up to January 07, 2012 during FY2011-12. There is no decrease in revenue and profit for the period up to January 07, 2013 during FY 2012-13 as compared to corresponding period in FY 2011-12.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.