Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has received approval to raise funds up to Rs 6,000 crore, from domestic market through issue of secured/ unsecured, non-convertible, noncumulative / cumulative, redeemable, taxable/ tax-free Debentures / Bonds under private placement during the Financial Year 2023-24 in upto twenty tranches/offers. The company has also received approval for sanction of Rupee term loan of upto Rs 5000 crore from Commercial Bank to meet capital expenditure and other business requirements. The Board of Directors of the company in their meeting held on July 05, 2022 have accorded the same.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.