Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received approval for the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXX (70th) Issue 2022-23 on Private placement upto Rs 2,200 crore by securitization of cashflows of 10 years i.e, till FY2032-33 of its operational SPV viz., POWERGRID Southern Interconnector Transmission System (PSITSL). The Committee of Directors for Bonds at their meeting held on February 10, 2023 approved the same.

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