Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has planned to seek shareholders' approval on August 29, to raise up to Rs 6,000 crore through the issuance of bonds during the financial year 2023-24.

The proposal to raise funds up to Rs 6,000 crore, from the domestic market through issuance of bonds, under private placement basis, during the financial year 2023-24, in up to twenty tranches/offers, is listed on the agenda of the annual general meeting (AGM) on August 29, 2022.

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